Banknifty analysis for 31 July 2025

 Based on  OI data, chart, and option chain for Bank Nifty (Exp: 31 July 2025), here is the detailed analysis including support/resistance levels and the best intraday trade plan:

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🔍 KEY OBSERVATIONS


📉 Price Chart (2h TF)


BankNifty is in a short-term downtrend.


Strong selling pressure after a failed attempt near 56700–56800 zone.


Current Price: 56150.70

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📊 OI ANALYSIS


🔴 CALL SIDE (Resistance Zones):


Strike Call OI (Lakh) OI Change Interpretation


56200 10.15L +5.63L 🔺Strong fresh resistance built today

56100 4.51L +1.91L Resistance seen just above CMP

56000 6.85L -7.63K Weakening resistance (unwinding)

56500–56700 6.25L–6.99L Heavy unwinding Resistance reducing


✅ Put Side (Support Zones):


Strike Put OI (Lakh) OI Change Interpretation


56000 15.80L +2.71L 🔽 Strong support zone

56200 8.42L +3.63L Moderate support near CMP

55900 4.29L +1.49L Minor support

56400–56600 OI dropped Support weakening

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⚖️ PUT-CALL RATIO (PCR)


Overall PCR = 0.6 → Bearish sentiment (more calls than puts).


Resistance is building up at 56200 and support is holding at 56000.

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✅ MAJOR LEVELS (Based on OI + Chart):


🔺 Resistance Zones:


56200 – Very strong call buildup (fresh addition)


56100 – Resistance just above CMP


56500 – Previous resistance, now weak (unwinding)



🔻 Support Zones:


56000 – Major put writing and fresh addition (strong support)


55900 – Next support level


55380 – Recent low on chart (emergency support)

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🕵️‍♂️ INTRADAY TRADE PLAN (31 July Expiry)


Scenario 1: Breakdown Trade


🔽 Trade: Short below 56000 (If sustained for 5-min candle)


🎯 Target: 55800 → 55650


🛑 Stop-loss: 56080 (strict, based on 5-min close above 56000)


✅ Confirmation: Rising call OI at 56000 + price below 56000



Scenario 2: Reversal Buy (Support Holding)


🔼 Trade: Buy above 56160 (near VWAP or breakout of small range)


🎯 Target: 56250 → 56380


🛑 Stop-loss: 56080


✅ Confirmation: Falling call OI at 56100/56200 + rising price



> 📌 Tip: Watch the OI trend at 56200. If call unwinds and put rises, upside possible. If call OI increases again, short opportunity comes back.

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📌 Final Verdict:


Trend: Weak/Bearish


Ideal Trade Setup: Sell near resistance, Buy near strong support with confirmation


Best Level to Trade:


Below 56000 for a short


Above 56160 for a quick reversal trade

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Thanks 

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