Banknifty analysis for 10 sept 2025i

Based on the charts and OI data. Let’s combine the candlestick + OI analysis to frame intraday levels and trade setup for BankNifty.---


🔎 Chart + OI Analysis


1. Candlestick & Price Action (15 min chart)


Today’s range: High 54350.65 – Low 54079.45.


Strong rejection at 54350–54450 zone (upper wick + high OI calls).


Buyers defended 54080 zone (wick bounce + put OI support).


Price closing near 54228, i.e., mid-range of the day.


2. Option Chain (30 Sep Expiry)


Calls:


54300 CE → 2.73L OI


54400 CE → 2.10L OI


54500 CE → 7.79L OI (strong resistance)


Puts:


54000 PE → 14.03L OI (major support)


54100 PE → 2.01L OI


54200 PE → 2.90L OI (fresh addition today)


👉 Interpretation:


Strong support = 54000–54100 zone.


Strong resistance = 54450–54500 zone.


3. OI Change


Fresh call writing at 54300–54400, capping upside.


Fresh put writing at 54200, showing bulls defending higher.


4. PCR (Put/Call Ratio)


PCR = 0.92 → slightly bearish/neutral bias (not strongly bullish).


5. India VIX = 10.69 (-1.38%)


Low volatility → option premiums decay fast, range-bound movement likely.


📌 Key Intraday Levels


Support zones: 54100 / 54000 (major support)


Resistance zones: 54350 / 54500 (major resistance)


🎯 Perfect Intraday Trade Setup


If BankNifty holds above 54100 and sustains →

✅ Buy 54200 PE writers support visible, target 54350–54400, SL below 54070.


If BankNifty rejects 54350–54400 again with red candle + OI addition in Calls →

✅ Short (Buy Put) with target 54100–54080, SL above 54420.

---


⚖️ Best Trade with Minimal SL


High probability short near 54350–54400 zone


Entry: 54320–54350


SL: 54420 (tight ~70 pts)


Target: 54100–54080 (reward ~200 pts)


Risk-Reward ~ 1:3 ✔️-


👉 Summary:


Support = 54000–54100


Resistance = 54350–54500


Bias = Range-bound, slight bearish tilt


Best Intraday Trade = Short near 54350–54400 with SL 54420, tgt 54100




---

Thanks 

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