Banknifty analysis for 12 aug 2025

 Here’s the step-by-step analysis based on OI data, OI change, and candlestick chart:---


1. Price Action Context


Current Price: 55,510.75


The recent chart shows a downtrend that bounced from around 55,025 levels.


Last candle on the 2h chart is small-bodied with wicks on both sides, showing indecision after the bounce.


Structure: Lower highs, lower lows until the bounce—trend is still weak unless 55,600+ breaks.

---


2. OI Analysis


Call Side (Resistance)


56000 CE → 13.11L OI (highest), minor unwinding (-1.16L) — Major resistance.


55500 CE → 9.72L OI, unwinding (-55.1K) — Resistance but slightly weakening.


55600 CE → 2.72L OI, unwinding (-23.6K) — Minor resistance, also weakening.



Put Side (Support)


55100 PE → 1.78L OI, addition (+35.3K) — Strongest immediate support.


55500 PE → 8.75L OI, addition (+27.0K) — Building as intraday pivot.


55400–55300 PE → Low OI, not significant.



PCR (Put/Call Ratio): ~0.76 — Slightly bearish bias for the expiry, but intraday could go either way.

---


3. OI Change Today


Strong Put additions at 55100 & 55500 — Buyers defending these zones.


Call unwinding at 55500, 55600 — Bears losing grip near these strikes.


Indicates possible upward test towards 55600 if 55500 holds.---


4. Support & Resistance Levels


Support:


1. 55100 – Strong OI build-up & recent price bounce zone.



2. 55025 – Previous swing low from chart.


Resistance:


1. 55600 – OI resistance + psychological round level.



2. 56000 – Highest call OI, strong expiry resistance.--


5. Candlestick Notes


Small bullish reversal from 55025–55100 zone.


No strong bullish engulfing yet, so upside must be confirmed with volume & VWAP.

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6. Perfect Intraday Plan (Minimal SL)


If Long:


Entry: Above 55520 (sustain 5-min candle close above VWAP).


Target: 55600 → partial book, if momentum strong then trail to 55800.


SL: 55450 (below immediate candle low) — Risk: ~70 pts.



If Short:


Entry: Below 55080 (break of 55100 put support + VWAP rejection).


Target: 54900 → partial book, extended target 54750.


SL: 55180 — Risk: ~100 pts.


Quick Bias:

If 55500 holds on dips, likely test towards 55600–55800.

If 55100 breaks, sharp fall to 54900–54750 possible.



---


Thanks 

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