Banknifty analysis for 16 sept 2025

let’s break this down step by step using your candlestick chart + OI data + PCR + VIX.-

1. Candlestick + Chart Pattern

BankNifty CMP: 54,887

Pattern: Price is moving in a rising wedge (bearish reversal pattern).

Immediate rejection near 55,000–55,100 zone (resistance).

Key support levels on chart: 54,400 → 54,067.--

2. OI Data Insights

From option chain & OI analytics:

Major Call OI buildup:

55,000 CE → 13.93 lakh OI (strong resistance).

55,200 & 55,300 CE also adding positions → upside capped.

Major Put OI buildup:

54,800 PE → 3.20 lakh OI (immediate support).

55,000 PE → 10.63 lakh OI, but unwinding is visible.

54,400 PE → Weakening support (unwinding).

PCR (Put/Call ratio): ~1.01 → neutral to slightly bullish, but no strong trend bias.---

3. Change in OI (Intraday Data)

Calls added at 55,000–55,200 CE → Strong resistance zone.

Puts are unwinding below 54,600–54,700 → Weakening support.

Fresh put addition only visible at 54,800 PE, so that’s the only real intraday base.--

4. India VIX (10.40)

Very low volatility → market is in range-bound mode.

Perfect for quick scalping with strict SL, avoid chasing big moves.--

5. Support & Resistance

Major Resistance: 55,000 – 55,100 (Strong call writing + chart rejection).

Immediate Support: 54,800 (Put base).

Next Support: 54,400 (Chart + weaker PE).--

6. Perfect Intraday Trade Setup

📌 Based on chart + OI:

Sell on rise near 55,000–55,100 CE zone with stop-loss above 55,200.

Target: 54,800 → 54,600.

If 54,800 breaks with volume + put unwinding, fresh fall toward 54,400 possible.

🔹 Safer Intraday Trade Today → Buy 55,000 CE only if BankNifty gives strong breakout & sustains above 55,100 with volume, else trade short side.

✅ Summary:

Resistance: 55,000–55,100

Support: 54,800 → 54,400

Trade: Short near resistance (55,000 CE writers strong), target 54,800 / 54,600.

Thanks

Banknifty analysis