Banknifty analysis for 1 oct 2025

 Bank Nifty option chain (28 Oct 2025 expiry) along with the current spot at 54,635.85 (+174.85 / +0.32%).

Let’s analyze step by step with OI, OI change, and price action context:

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🔎 Option Chain Analysis


1. PUT side (Support zones):


54,500 PE → OI 5.08L (highest put OI) with addition of 81,725 → Strongest support.


54,600 PE → OI 1.14L with addition of 63,595 → Fresh support building.


54,700 PE → OI 1.04L with 40,950 addition → Immediate intraday support.



👉 Strong Put base at 54,500 – 54,700 zone.

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2. CALL side (Resistance zones):


55,000 CE → OI 9.41L (highest call OI) with 2.11L addition → Strongest resistance.


54,700 CE → OI 1.27L with 76,125 addition → Fresh resistance forming.


54,800 CE → OI 75,530 with 14,350 addition → Resistance just above CMP.


👉 Strong Call base at 55,000, immediate hurdle 54,700 – 54,800.

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📉 Candlestick / Price Action (Intraday View):


Spot = 54,635 is exactly between support (54,500–54,600) and resistance (54,700–54,800).


Trend is mildly bullish (green day, +174 pts).


Call writing seen at 54,700–55,000 → overhead supply.


Put writing at 54,500–54,700 → demand zone.

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📍 Intraday Trade Plan


Major Support levels:


54,500 (Strong base, PE writers aggressive)


54,600 (Secondary support, fresh writing seen)



Major Resistance levels:


54,700 (Immediate intraday hurdle)


54,800–55,000 (Strong resistance zone, heavy CE OI)


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🎯 Perfect Intraday Trade Setup with Minimal SL


✅ Bullish Trade (Buy side):


If Bank Nifty sustains above 54,700, enter long.


Target = 54,850 – 55,000.


Stop-loss = 54,600 (below fresh put writing).



✅ Bearish Trade (Sell side):


If Bank Nifty fails to hold 54,600 and breaks down.


Target = 54,500 → 54,350.


Stop-loss = 54,700.

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⚖️ Sentiment from OI


Bullish: ~55%


Bearish: ~35%


Neutral/Flat: ~10


👉 Market is slightly bullish but capped by resistance at 55,000.

Best trade: Buy above 54,700 with tight SL at 54,600.


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Thanks 

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