Banknifty analysis 8 sept 2025

Based on both OI data and the 15-min chart of BankNifty with CMP at 54114. Let’s break this down step by step:-


🔹 1. Open Interest (OI) Data Analysis


Total OI (30th Sep Expiry):


Call OI: 1.58 Cr


Put OI: 1.37 Cr


PCR: 0.87 → Slightly bearish to neutral.


Major Call Writing Zones (Resistance):


54500 CE: 7.27L OI (Highest)


54200 CE: 2.46L OI


54100 CE: 2.0L OI

👉 Strong supply zone between 54100 – 54500.


Major Put Writing Zones (Support):


54000 PE: 13.14L OI (Highest support)


53900–53800 PE: ~1.7–1.8L OI

👉 Strong support at 54000, with buffer at 53800.


OI Change (Intraday on 5th Sept):


Heavy Call OI added at 54200–54500 → Bears defending higher levels.


Put addition seen at 54000 → Bulls protecting base.

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🔹 2. Chart (15-min) Technicals


CMP: 54114


Immediate Support Zones:


54000 (OI + psychological + price cluster)


53720 (chart support, previous swing low)


Immediate Resistance Zones:


54300 (chart & OI)


54450–54500 (major OI wall + price supply zone)


Price action shows a bounce from 53720 → 54100, but strong rejection expected near 54300–54500.


🔹 3. Combined View (OI + Chart)


Market is range-bound between 53800 – 54500.


Bulls hold 54000 support, Bears defending 54300–54500.


India VIX = 10.78 → Low volatility, so expect slow and range-bound moves, not big swings.

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🔹 4. High-Probability Intraday Setup


📌 If Market Opens Flat / Positive:


Buy above 54150–54200 breakout.


Target: 54300 → 54450


SL: 54000 (50–70 pts buffer)


📌 If Market Opens Negative / Rejection at 54300–54500:


Sell near 54300–54450 resistance (look for rejection candle in 15m).


Target: 54100 → 54000


SL: 54550


📌 Safe Intraday Trade (Minimal SL):


Buy near 54000 support zone if price holds with reversal candle.


Entry: 54020–54050


SL: 53950


Target: 54150 → 54300

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✅ Conclusion:


Major Support: 54000 → 53800


Major Resistance: 54300 → 54500


Perfect Trade: Buy near 54000 support with minimal SL (around 50 pts) for a move towards 54300.



Thanks 

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