Banknifty analysis for 7 oct 2025

 Let's break down Bank Nifty analysis step by step using all three data — Option Chain, Chart, and OI Analytics.


🔍 1. Quick Overview


Spot Price: 56,104


Change: +515.60 (+0.93%) → Strong bullish momentum


Expiry: 28 Oct 2025


PCR (Put/Call Ratio): 1.13 → Slightly bullish bias

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📊 2. Option Chain Analysis


🔸 Call Side (Resistance Data)


Strike Call OI OI Change Indication


56000 11.11 L +19,740 Major Resistance

56100 2.16 L +1.41 L Resistance developing

56200 2.02 L +89,775 Short buildup

56500 6.20 L +24,815 Strong Resistance

56600 1.16 L +34,055 Resistance forming

56700 1.28 L +19,180 Light Resistance



✅ Conclusion (Call Side)

➡️ Major Resistance Zone: 56000–56500

➡️ Fresh call writing at 56200 and 56100 — indicating short-term cap near 56100–56200 if momentum pauses.

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🔹 Put Side (Support Data)


Strike Put OI OI Change Indication


55700 1.75 L +28,770 Strong Support

55800 2.13 L +87,010 Strong Support

55900 1.63 L +76,090 Support

56000 9.03 L +3.88 L Heavy Support (Base)

56100 1.72 L +1.44 L Minor Support

56200 1.45 L +1.24 L Weak Support


✅ Conclusion (Put Side)

➡️ Major Support Zone: 55800–56000

➡️ Heavy put addition at 56000 → Strong base formation.-


🧭 3. Chart Analysis


On the 1-Hour Chart:


Price is consolidating near 56100 after a strong rally from 54300.


Previous breakout zone: 55660–55730 → Now acting as support.


Next resistance visible near 56400–56500 based on prior swing tops.


Volume during the last leg of rally was high, but recent candles show tapering volume → possible pause/consolidation.


✅ Chart Summary


Immediate Support: 55700


Next Support: 55650–55600


Immediate Resistance: 56160–56200


Next Resistance: 56400–56500

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⚙️ 4. OI Analytics Summary


Total Call OI: 1.31 Cr


Total Put OI: 1.47 Cr


PCR = 1.13 → Bullish tone (more puts than calls).


Put writers are active between 55800–56000, indicating confidence in holding above that zone.

✅ Interpretation:


As long as Bank Nifty holds above 55800, trend remains bullish.


If it breaks 55700, profit booking/short correction may start.

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🎯 5. Intraday Trade Setup (Low Risk)


🔹 Bullish Trade (Buy Side)


Entry: Above 56160 (Breakout confirmation)


Target 1: 56350


Target 2: 56500


Stop-Loss: 56050

➡️ Risk: ~100 pts | Reward: 200–350 pts


🔸 Bearish Trade (Sell Side)


Entry: Below 55700 (Breakdown below support)


Target 1: 55500


Target 2: 55300


Stop-Loss: 55820

➡️ Risk: ~120 pts | Reward: 200–400 pts

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📈 6. Sentiment Summary (Based on OI & Chart)


Sentiment Strength Remarks


Bullish 60% Price above 56000, PCR > 1, Put writing strong

Bearish 25% Resistance buildup near 56200–56500

Flat/Neutral 15% Consolidation likely before next move

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✅ Final View


Bias: Moderately Bullish


Key Support Zone: 55800–56000


Key Resistance Zone: 56200–56500


Intraday Focus Level:


Buy above 56160 for momentum continuation.


Sell below 55700 for quick short trade.


Thanks 

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