Banknifty analysis for 9 sept 2025

let’s break this down step by step using OI data + OI change + option chain + 15-min chart.-


1. Option Chain & OI Analysis


Total Call OI > Total Put OI → Call writers are still stronger (1.56 Cr vs 1.44 Cr).


PCR = 0.92 (near 1) → Neutral to slightly bearish bias.


Highest Put OI:


54000 PE → 14.03L (Strong support).


Next support: 54200 PE → 2.56L, but still weaker vs 54000.


Highest Call OI:


54500 CE → 7.02L (Strong resistance).


Next resistance: 54200 CE → 1.97L.


👉 So, 54000 is support, 54500 is resistance.

---


2. OI Change (Fresh Positions)


At 54000 PE, +1.09L addition → support building.


At 54100 CE, -1.18L unwinding → call writers exited, bullish sign.


At 54200 CE, fresh addition (+95K) → near resistance.


👉 Market is building base at 54000, but upside capped near 54500.-


3. Chart (15 min Candle with Volumes)


CMP: 54222.


Recent swing high: 54518.


Immediate support: 54067 (matching with OI support).


Stronger support: 53559 (previous swing low).


Volume spike candles confirm demand at 54050–54100 zone.

👉 Price is stuck in 54050–54500 range.

--


4. Volatility (India VIX 10.84, +0.55%)


Low VIX = stable trend, limited intraday moves.


Slightly rising VIX → intraday momentum can pick up, but stoploss needs to be tight.

---


5. Intraday Plan (High Probability, Minimum SL)


✅ Perfect Trade Setup:


Buy near 54100–54050 zone (support + PE writing).


SL: 53980 (below strong PE base).


Target 1: 54250, Target 2: 54450.



OR


Sell near 54500 zone (strong CE wall + chart resistance).


SL: 54620.


Target 1: 54350, Target 2: 54150.


👉 Best Risk/Reward: Buy on dip near 54050–54100 with SL below 54000.---


📌 Summary:


Major Support: 54000 (very strong).


Minor Support: 54050–54100.


Resistance: 54500 (major), 54250–54350 (minor).


Perfect Intraday Trade: Long near 54100 with SL 54000, targets 54250–54450.


Thanks 

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