Banknifty analysis for 22 july 2025

 Analysis of BANKNIFTY OI Data and Charts  

**Current Index Level**: 56,952.75 (+1.19%)  

**Expiry**: 31 July 2025  


---


 **Key Observations**  

1. **PCR (Put-Call Ratio)**:  

   - Overall PCR = **1.09** (slightly bullish, as >1 indicates more puts bought than calls).  

   - 57000 Strike: Highest Call OI (17.33L) → Strong Resistance.  

   - 56500 Strike: Highest Put OI (8.59L) → Strong Support.  


2. **Open Interest (OI) Concentration**:  

**Calls**: Max OI at **57,000** (17.33L) and **57,500** (13.37L).  

   - **Puts**: Max OI at **56,500** (8.59L) and **57,000** (10.65L).  

   - *Interpretation*:  

     - 57,000 is a **critical battle zone** (high Call & Put OI).  

     - Break above 57,000 could trigger short-covering rally.  

     - Failure to hold 56,500 may lead to sharp downside.  


3. **Price Action**:  

   - Index tested **56,900-57,000** (resistance) and held **56,500** (support) intraday.  

   - Uptrend intact (+669 pts today), but RSI nearing overbought on shorter timeframes.  


**Major Support & Resistance Levels**  

| Level        | Type        | Strength | Reasoning |  

|--------------|-------------|----------|-----------|  

| **56,500**  | **Strong Support** | ★★★★★ | Highest Put OI (8.59L), psychological level. |  

| **56,700**  | Minor Support  | ★★☆   | Moderate Put OI (3.48L), intraday base. |  

| **57,000**  | **Strong Resistance** | ★★★★★ | Highest Call OI (17.33L), max pain zone. |  

| **57,200-57,300** | Next Resistance | ★★★☆ | Rising Call OI (6.31L-3.71L), technical barrier. |  

| **57,500**  | Major Resistance | ★★★★  | Significant Call OI (13.37L), expiry anchor. |  ---


**Intraday Trade Strategy with Minimal Stop-Loss**  

 **Trade 1: Long on Breakout (Bullish Bias)**  

- **Trigger**: Price sustains **above 57,000** for 5 mins.  

- **Entry**: 57,010-57,030  

- **Target**: 57,200 → 57,350 (150-300 pts profit)  

- **Stop-Loss**: 56,940 (70 pts risk)  

Thanks 

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