Banknifty analysis for 28 aug 2025

Based on  OI Analytics, Option Chain and Candlestick data for BankNifty. Let’s break it down step by step:

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🔎 1. Price & Trend (Candlestick Chart)


BankNifty Spot: 54,450 (–688 / –1.25%)


Continuous downtrend with strong red candles.


Last bounce attempt around 54,400 but selling pressure is intact.


Momentum is bearish unless a reversal candle forms above 54,700.


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🔎 2. Option Chain Data (28 Aug Expiry)


Calls (Resistance):


54,500 CE → 7.92L OI (huge resistance)


55,000 CE → 6.03L OI


CE premiums collapsed (–70% to –85%) → strong bearish pressure.



Puts (Support):


54,000 PE → 9.75L OI (major support)


54,200–54,300 PEs also building but relatively weak.


PE premiums shot up +400% to +550% → confirms downside panic.



📌 OI View:

Support = 54,000

Resistance = 54,500 → 55,000

PCR = 0.42 (bearish zone, below 0.7)


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🔎 3. OI Change & Multi Strike OI


Huge Call writing at 54,500 & 55,000 → Resistance confirmed.


Put unwinding at ATM & ITM → downside risk.


Multi-strike OI: 54,500 CE line increasing while spot keeps falling → shorts aggressively building.


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🔎 4. Support & Resistance Levels


Immediate Resistance: 54,500


Strong Resistance: 55,000


Immediate Support: 54,200


Major Support: 54,000



If 54,000 breaks → next support near 53,600–53,700 (previous swing + chart support).



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🔎 5. Intraday Trade Setup (Minimal Stop-Loss)


Since expiry is tomorrow, volatility will be high. Here’s the safest setup:


✅ Bearish Setup (High Probability)


Entry: Short below 54,200 (spot)


Target: 54,000 → 53,700


Stop-Loss: 54,350



🔄 Reversal Setup (If Bulls Defend)


Entry: Buy only if BankNifty closes & sustains above 54,600


Target: 54,850 → 55,000


Stop-Loss: 54,450

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🎯 Exact Trade for Intraday


Primary Trade: Sell on breakdown of 54,200 with SL 54,350, target 54,000 → 53,700.


Avoid longs unless >54,600 confirmed breakout.




Thanks 


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