Banknifty analysis for 2 sep 2025

Based on candlestick chart + option chain + OI analytics. Let’s combine them step by step:


1. Candlestick Price Action 


BankNifty fell sharply from ~55,800 to ~53,800 levels.


Now it’s trying to bounce back, with a small base forming around 53,800 – 54,000.


Current price: 54,002 (slightly above intraday low).


Trend is still weak (series of red candles), but a pullback is visible.

---


2. Option Chain 


54000 CE OI: 9.08L (heavy call writing → resistance).


54100 CE OI: 11.5L (resistance).


54200 CE OI: 18.3L (strong resistance).


On Put side:


54000 PE OI: 12.6L (strong support).


53900 PE OI: 14.9L (support).


53800 PE OI: 19.3L (very strong support).


👉 Interpretation:


Strong support zone: 53,800 – 54,000.


Resistance zone: 54,100 – 54,200.

---


3. OI Change (Chart 3 & 4)


Significant Put writing at 53800 & 54000 → bulls defending these levels.


Calls built up at 54100 & 54200 → upside capped.


PCR ~0.89 → slightly bearish to neutral bias.

---


4. Levels Summary


Support (buyers active): 53,800 → 54,000.


Resistance (sellers active): 54,100 → 54,200.


Range-bound zone for now. Breakout will decide next move.

---


5. High-Probability Intraday Trade Setup


Since price is near support (54,000):


✅ Long Trade Setup (High probability):


Entry: Buy near 54,000–53,950 if price sustains above.


SL: 53,800 (below strong put OI).


Target 1: 54,100.


Target 2: 54,200.



❌ Avoid shorts unless:


53,800 breaks decisively with volume + OI shift → then quick downside till 53,500 possible.

---


🎯 Conclusion


Intraday bias: Slightly bullish (because of strong put support at 54,000).


Trade: Buy near 54,000 support with SL 53,800 → target 54,100–54,200.


Risk–Reward: Favorable, small stop-loss, clear OI support/resistance.


---

Thanks 

Comments

Post a Comment

Popular posts from this blog

Banknifty analysis 7 june 2025

 Based on images and data, here's a comprehensive intraday analysis for Bank Nifty as of June 6, 2025. --- 📊 Current Market Snapshot: Bank Nifty Spot: 56,578.40 ▲ +817.55 (+1.47%) Momentum (RSI 14): 70.08 — Overbought zone Volume: Spike indicates strength in the breakout. --- 🔍 Technical Chart Analysis: Strong bullish candle with high volume shows a decisive breakout. RSI is at 70+, indicating strong momentum, but also potential short-term exhaustion. Consolidation above 56,200–56,300 previously, now acting as support.-- 🔎 Option Chain Analysis (26 June 2025 expiry): 🔼 Resistance Zones (High Call OI): Strike Call OI Comment 57000 11.45L Strong resistance 56800 1.22L Moderate resistance 56700 1.29L Light resistance 🔽 Support Zones (High Put OI): Strike Put OI Comment 56500 7.12L Strong support 56400 1.77L Moderate support 56600 2.08L Immediate support --- 🧠 PCR (Put/Call Ratio): Overall PCR: 0.98 → Neutral to slightly bullish Rising Put OI at 56...
Read more

Banknifty analysis for 11 June 2025

Based on (Option Chain, OI Analytics, and Intraday Chart for BANKNIFTY as of 11 June 2025), here's a detailed analysis of support, resistance, and a suggested intraday trade plan: --- 🔍 1. SUPPORT & RESISTANCE (based on OI & Price Action) 📉 Resistance Zones 57000:         Highest Call OI at 13.7L. Significant drop in Call prices across strikes (e.g., 57200 CE down -29.82%). Indicates strong resistance as writers are active. 56800 - 57000: Cluster of high Call OI; option writers expect price to stay below this. 📈 Support Zones   56500: Highest Put OI at 7.81L with a massive change of +76020 contracts. Strongest support zone. 56400 - 56600: Strong base of Put writing—buyers showing confidence. --- 📊 2. PCR (Put-Call Ratio) Analysis Overall PCR: 0.95 – Slightly bearish sentiment but near neutral. PCR trend (June 3–9) shows rising PCR till June 9, indicating puts are being added (support is strengthening). --- 🕹️ 3. Intraday Chart Observations (11 ...
Read more

Banknifty analysis for 5 may 2025

 Based on data for Bank Nifty (as of May 2, 2025), here’s a breakdown of key support and resistance levels, followed by the ideal trade setup: --- Chart Analysis : Current Price: 55115.35 RSI: 67.16 (bullish but nearing overbought zone) EMA Support Levels: 50 EMA: 51865 200 EMA: 50581 Structure Observation: Price is in a strong uptrend and respecting moving averages. Immediate consolidation is happening between 55000 and 55600 zones. Strong rejection from highs (long wicks visible) — signs of possible short-term resistance. --- Option Chain Analysis – Monthly Expiry (May 29) Major Resistance Zone 55600 & 55700 strikes have high Call OI: 55600 CE: 1.71L 55700 CE: 1.65L LTPs are declining, showing call writers are defending those levels. Major Support Zone 55000 PE OI: 9.53L (highest Put OI) Followed by 54700-54900 zone with decent Put writing. PCR = 0.9 → Slightly bearish to neutral. --- Open Interest Analytics  Max Call OI: 55000–55600 Max Put OI: 55000 (Strong base) Total...
Read more