Banknifty analysis for 5 aug 2025

 Here's a full intraday analysis for BankNifty (Expiry: 28 Aug 2025), combining OI data, change in OI, option chain, and candlestick chart:

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🔍 1. Current Market Context


Spot Price: ₹55,619


Trend: Short-term downtrend on 2-hour chart (series of lower highs, lower lows)


PCR (Put/Call Ratio):


Overall: 0.84, bearish sentiment


Falling trend in PCR confirms growing bearishness.

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🧱 2. Major Support & Resistance Levels (Based on OI)


📍 Support Zones


Strike Put OI Reason


55500 6.38L Strongest visible support, big OI base

55200 77.9K Fresh addition, minor support

55000 ~3.3L Psychological round number + visible put base



📍 Resistance Zones


Strike Call OI Reason


56000 9.82L Strongest resistance (biggest Call OI)

55700 1.81L OI buildup + flat price movement

55600 1.99L Minor resistance with fading call writers


📉 3. Change in OI Insight (Bearish Signs)


At 56000:


Call OI added: +76.5K


Put OI reduced: -245


✳️ Bearish shift → call writers dominant, put writers exiting



At 55500–55600:


Put unwinding or less participation seen.


Bears are building pressure below 56000.

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🕯️ 4. Price Action (Candlestick & Volume Analysis)


2H chart shows:


Lower highs/lows pattern still intact


Volume spikes on red candles (suggesting sell-on-rise behavior)


Latest candles show small body indecision near 55600 zone, suggesting a possible pullback or pause



No strong bullish reversal candlestick observed yet (no hammer, engulfing, etc.)

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🎯 5. Intraday Trade Plan (with Levels)


✅ Bearish Bias (Preferred Today unless 56000 breaks)


📌 Trade Setup


Entry: Sell on rise near 55650–55680 (retest of minor resistance)


Target 1: 55400


Target 2: 55200 (if high volume breakdown)


Stop-loss: 55750 (just above 55700 CE OI resistance)

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✅ Bullish Reversal Setup (if market spikes up)


Entry: Only if price sustains above 56000 (Strong call OI zone broken)


Target: 56200


Stop-loss: 55820 (just below breakout candle low)

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📌 Summary:


Direction Entry Zone SL Targets Confidence


Sell 55650–55680 55750 55400 / 55200 ✅ Strong

Buy Only above 56000 55820 56200 ⚠️ Weak unless breakout on volume



Thanks 

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