Banknifty analysis for 1 sep 2025

We have OI Analytics + Option Chain + Price Action data.--

🔎 1. Price & Trend

BankNifty Spot: 53,655 (down ~165 points, -0.31%).

On candlestick chart → Clear downtrend from ~55,800 → 53,600.

Strong selling pressure with high volume candles.

So short-term trend = Bearish.

---

🔎 2. Open Interest (OI) Data

Call OI (resistance) is heavier than Put OI (support).

54000 CE → 9.03 lakh OI (HUGE resistance).

53800 CE → 8.9 lakh OI (immediate resistance).

53700 CE → 4.97 lakh OI (nearby resistance).

Put OI (support):

53500 PE → 5.04 lakh (first major support).

53900 PE → 1.03 lakh (weak support, already tested).

54000 PE → 10.9 lakh (was support earlier, but now under pressure due to heavy CE buildup).

📌 PCR = 0.86 → Bearish sentiment (below 1 means calls > puts).

🔎 3. Change in OI

Huge Call writing at 53800–54000 CE → confirms strong supply zone.

Put unwinding seen near 54000 → means support is weakening.

Fresh Put buildup only at 53500 PE → next immediate demand zone.

---

🔎 4. Candlestick Price Action

Price broke 54,000 and is now sustaining below.

Last candles show selling pressure with lower highs.

Next visible support on chart = 53,200–53,500 zone.

Next resistance on chart = 53,800–54,000 zone.--

📌 Major Levels (Intraday)

Immediate Resistance: 53,800 – 54,000 (Call writers dominating).

Immediate Support: 53,500 (Put writers defending).

Next Strong Support: 53,200 (chart + OI both).

---

🎯 Intraday Trading Plan (Minimal SL)

✅ Bearish Bias (Preferred trade)

Sell on Rise near 53,800–53,900

Target: 53,500 → 53,200

Stop-loss: Above 54,050 (just above strong OI wall at 54,000 CE).

✅ Bullish Reversal Setup (Only if bounce from 53,500 holds with volume)

Buy near 53,500 support

Target: 53,800 – 54,000

Stop-loss: Below 53,350.-

📌 Summary:

Market bias is bearish below 54,000.

Best intraday trade: Short near 53,800–53,900, target 53,200–53,500, SL 54,050.

Only consider longs if 53,500 is defended strongly with price rejection + volume.

Thanks