Banknifty analysis for 14 aug 2025

 let’s break step-by-step by combining the chart price action with the Open Interest (OI) data .

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1. Candlestick Chart (4H)

Trend: The chart shows a clear downtrend from 58,800 to near 55,000 with lower highs and lower lows.

Current Price: 55,181 — slight bounce from 55,026 low, but still near recent support zone.

Volume: Higher volume on down moves than on up moves → still sellers dominating. 

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2. OI Data Analysis

a. Option Chain

Biggest Put OI (Support):

55,000 PE: 10.39 lakh OI — strong support zone.

55,000 PE also saw addition of 57,960 → fresh buying in puts indicates defense here.

Secondary Support: 55,200 PE (2.65 lakh OI).

Biggest Call OI (Resistance):

55,500 CE: 12.43 lakh OI — strong resistance.

55,200 CE: 3.33 lakh OI — minor resistance before 55,500.

Call writers adding positions on 55,200 & 55,500 strikes — showing sellers protecting upside.

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b. OI Change (Intraday)

At 55,200 CE → +92,260 OI added — fresh call writing (bearish near this level).

At 55,000 PE → +48,335 OI added — put writing (bullish defense).

This creates a narrow range of 55,000 – 55,200 for immediate battle.

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c. PCR

Monthly PCR ~0.70 → more calls than puts → mildly bearish bias.

PCR rising from 0.6 to ~0.7 → short-term stability but not strong bullishness yet.

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3. Combined View: Support & Resistance

Level Type Strength Reason

55,000 Major Support Highest Put OI + Put addition

54,800 Next Support Chart low before bounce

55,200 Minor Resistance Fresh call writing

55,500 Major Resistance Highest Call OI

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4. Intraday Trade Plan (Minimal SL)

Bias: Sideways-to-bearish unless 55,200 breaks with volume.

Trade Ideas

Option 1: Short near Resistance

Entry: If price moves to 55,180–55,220 and rejects with red candle + high OI at CE.

Target: 55,050 → 55,000.

SL: Above 55,250 (spot) ~30–40 points.

Option 2: Long near Support

Entry: If price dips to 55,020–55,040 and holds with green reversal candle + no big PE unwinding.

Target: 55,180.

SL: Below 54,980.

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5. Key Notes

Avoid trading mid-range between 55,050–55,150 — choppy zone.

Watch OI change after market open — if 55,000 PE unwinds, avoid long trades.

A breakout above 55,200 with short covering in CE can give a quick 55,500 test.

Breakdown below 55,000 with fresh PE unwinding + CE writing can take it to 54,800.

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Thanks