Banknifty analysis for 3 sep 2025

 let’s break this down step by step using the OI data, OI change, and candlestick chart.


1. Price Action & Candlestick Chart 


CMP = 53,661 (-0.63%)


Trend: Clearly downtrend with lower highs and lower lows.


Recent candle: Selling pressure continued after a small pullback → weakness is intact.


Support seen near 53,550 – 53,600 zone (recent low).


If that breaks, next support = 52,500 (previous swing low visible on chart).


Resistance near 54,000 – 54,200 (recent rejection zone + OI data confirms).--


2. OI Data (Option Chain + Analytics)


Call OI (Resistance)


54,000 CE: 12L OI (huge addition of 41K) → Strong resistance.


53,700 CE & 53,800 CE also have 1.3–1.8L OI → resistance zone just above CMP.


Put OI (Support)


53,500 PE: 5.7L OI (20K addition) → immediate support.


53,600 PE: 1.1L OI (42K addition) → added support.


Below that, next support around 53,000–52,500.


PCR (Put Call Ratio)


Overall PCR ≈ 0.84 → indicates bearish bias (more call writing than put writing).--


3. OI Change 


Big Put OI build-up at 54,000 (41K contracts) while Call OI also rose →

This suggests 54,000 has become a strong resistance ceiling.


53,600–53,500 Puts saw additions, but Call OI is still heavier → support is weak, more tilted bearish.

---


4. Intraday Setup (High Probability Trade)


📌 Levels to watch:


Resistance zone: 53,900 – 54,200


Support zone: 53,550 – 53,600 (weak), strong support at 52,500



📌 Trade Bias: Bearish to range-bound (because PCR < 1 and heavy CE writing at 54,000).---


✅ High Probability Intraday Trade (with minimal SL)


Trade Setup:


If BankNifty rises near 53,900–54,000 zone and fails to sustain →

Go Short (Buy Put / Short Futures)


Target: 53,600 then 53,300


Stop-loss: Above 54,200 (OI resistance + price action confirmation).


If BankNifty breaks 53,550 decisively with volume →

Add Shorts / Buy PE


Target: 53,300 then 52,800


Stop-loss: 53,800.


⚠️ Long trades only make sense if BankNifty closes above 54,200 with strong OI unwinding on Calls → then bounce possible till 54,600–54,800.

--


Final View


Support: 53,550 → 52,500


Resistance: 54,000 → 54,200


Bias: Bearish


Best trade: Sell on rise near 53,900–54,000 with SL above 54,200 for downside targets 53,600 → 53,300.

---


Thanks 


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