Banknifty analysis for 5 sept 2025

Based on candlestick chart + option chain + OI analytics. Let’s break it step by step:---


1. Price Action (Chart)


BankNifty closed around 54,041 after a sharp fall and mild pullback.


Strong demand candle formed near 53,800 – 53,900 (buyers stepped in).


Short-term resistance is seen around 54,200 – 54,300 (multiple rejections).--


2. OI Data Analysis


54000 Strike


Call OI: 9.61L (reduced) → call writers exited.


Put OI: 12.93L (added) → strong support forming.

👉 This suggests 54000 is a strong support zone.


54100 Strike


Call OI: 1.90L (added)


Put OI: 1.61L (mild build-up)

👉 Minor tussle zone, intraday volatility possible.


54500 Strike


Call OI: 7.53L (added) → strong resistance.


Put OI: 6.10L → some support, but weaker than call side.

👉 Clear resistance at 54500.

---


3. PCR (Put Call Ratio)


Current PCR ≈ 0.87 – 0.90 → slightly bearish to neutral sentiment.


But Put writing at 54000 shows bulls are defending this level.--


4. Support & Resistance Zones


Major Support:


53,800 – 54,000 (strong put OI + price demand zone)


Major Resistance:


54,300 (intraday chart)


54,500 (heavy call OI, supply zone)

---


5. High Probability Intraday Trade Setup


Plan A (Bullish Trade):


If BankNifty sustains above 54,100 with volume, enter long (Buy CE).


Target: 54,280 → 54,500


Stop-loss: below 53,950


Probability: 65–70% win chance (because strong support at 54,000).



Plan B (Bearish Trade):


If BankNifty rejects 54,280 – 54,300 zone and starts falling, enter short (Buy PE).


Target: 54,050 → 53,900


Stop-loss: above 54,350


Probability: 60–65% win chance

---


✅ Conclusion:


54000 is a strong support (high probability bounce zone).


54500 is strong resistance.


Best intraday trade: Go long above 54,100 for 54,300–54,500 with minimal SL below 53,950.



Thanks 

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