Banknifty analysis for 18 july 2025

 Let's break down the analysis for BankNifty (31 July 2025 expiry) based on charts, OI data, and price action. You’ve also  today's price action:


Open: 57231.95


High: 57262.85


Low: 56780.15


Close: 56828.80

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🔹 1. CPR Levels (Central Pivot Range)


Let's calculate CPR using your daily levels:

(CPR helps identify the intraday support/resistance zones.)


Formula:


Pivot (P) = (High + Low + Close) / 3


BC (Bottom Central) = (High + Low) / 2


TC (Top Central) = (Pivot × 2) − BC



Calculated Values:


P = (57262.85 + 56780.15 + 56828.80) / 3 = 56957.27


BC = (57262.85 + 56780.15) / 2 = 57021.50


TC = (56957.27 × 2) − 57021.50 = 56893.04



📌 CPR Range:


Top Central (TC): 56893


Pivot (P): 56957


Bottom Central (BC): 57021



> CPR is narrow, suggesting a potential trending day. Price closed below CPR, indicating bearish bias.

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🔹 2. Open Interest Analysis (From Option Chain & OI Analytics)


🔸 Call Writers' Strong Resistance:


57000 CE: 3.91L OI (with fresh addition seen)


56900 CE: 3.09L OI


56800 CE: 2.07L OI



🔸 Put Writers' Strong Support:


56700 PE: 2.38L OI


56800 PE: 2.49L OI (but unwinding seen)


56600 PE: 1.41L OI

> Put unwinding and strong Call writing above 56800 shows resistance around 56800–57000. Support now shifting down to 56700 or lower.

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🔹 3. Put-Call Ratio (PCR):


Current PCR: 0.79



> This is bearish. Anything <0.9 shows more calls than puts → bearish tone for the expiry.

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🔹 4. Key Support & Resistance Zones:


Level Type Reason


57000 Strong Resistance Highest CE OI, CPR BC level

56893 Resistance CPR Top

56700 Support High PE OI

56500 Support OI build-up, technical wick zone

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🔹 5. Ideal Intraday Setup (For Tomorrow or Next Trading Day):


✅ Scenario: Price Opens Below 56800 and Retests CPR


Look for rejection around 56893–57000 CPR zone → enter PE (Put).


SL: Above 57000


Target: 56700 → 56500



✅ Scenario: Price Opens Flat and Breaks 56700 Support


Fresh breakdown: Enter PE at breakdown.


SL: Above 56750


Target: 56500 and below



🛑 Avoid Long/Calls unless:


Price opens above CPR (above 57000) and holds 57000 with volume.


In that case: entry on pullback toward 56900 with target 57200.


🔹 Summary Table


Indicator Bias Notes


CPR Bearish Close below CPR

OI Analysis Bearish Strong CE build-up at 57000

PCR Bearish 0.79 – indicates downside bias

Price Action Bearish Lower high, lower close pattern

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🔻 Perfect Intraday Trade Setup


Setup: Retest and rejection near 56900–57000 zone

Trade: Buy 56700 PE or 56500 PE (next strike)

SL: Above 57000

Target: Trail from 56700 to 56500

Thanks 

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