Banknifty for 26 nov 2025

 Bank Nifty Intraday Analysis & Trade Plan

Date: 26 November 2025 (Wednesday) | Expiry: 30 Dec 2025 Monthly

Closing on 25-Nov-2025:

Bank Nifty: 58,820.30 ▼ 15 points (-0.03%)

Day’s Range: 58,747 – 59,166

Session Mood: Low volatility, late selling pressure, closing doji → Range-bound to mildly bearish bias

Option Chain Key Takeaways (30 Dec Expiry)

Strike

Call OI

Call OI Chg %

Put OI

Put OI Chg %

Inference

58,400

11,900


2,15,595


Strongest Put wall

58,500



87,885


Major support

58,800

48,125

-5.93%

60,760

-4.54%

ATM heavy, defended today

58,900

72,940

-6.60%


Highest Call OI → 

59,000

39,130

-9.46%


Next resistance

Put-Call Ratio (PCR by OI): ~1.05 → Slightly bullish structure but heavy call writing above 58,900 caps upside.

OI Change Summary:

Widespread unwinding in both calls & puts → reduced fresh positions → expect range contraction tomorrow.

Major Support & Resistance Levels for 26 Nov

Level

Price

Reason

Strength

Resistance 2

59,000

Heavy call writing + yesterday’s high

Strong

Resistance 1

58,900

Max Call OI wall + multiple rejections

Very Strong

Pivot / Range Center

58,850

VWAP + 20 EMA area


Support 1

58,800

Strong Put OI + defended 3 times yesterday

Very Strong

Support 2

58,500

2nd highest Put OI

Strong

Support 3

58,400

Max Pain zone + highest Put OI

Extremely Strong

Intraday Trade Setups (Minor Stoploss < 70–80 points)

1. Bullish Trade – Buy the Dip (Higher Probability)

Entry Zone: 58,810 – 58,840 (on 5-min bullish candle above 58,800)

Stoploss: 58,750 (50–70 pts risk)

Target 1: 58,900

Target 2: 58,950–59,000 (trail)

Risk-Reward: 1:2 to 1:3

Trigger: 15-min candle closes above 58,820 + RSI > 50

2. Bearish Trade – Sell the Rally (Aggressive)

Entry Zone: 58,880 – 58,900 (rejection candle at R1)

Stoploss: 58,960 (60 pts risk)

Target 1: 58,800

Target 2: 58,750

Risk-Reward: 1:2

Trigger: Shooting star / bearish engulfing near 58,900 on 5-min chart

Best Strategy for Tomorrow: Range-Bound Scalping (58,800 – 58,900)

Fade extremes, avoid breakout chasing.

Market Sentiment Summary (25 Nov Evening)

Sentiment

%

Basis

Bullish

30%

Put support at 58,500–58,800, few bullish posts on X

Bearish

45%

Call writing at 58,900–59,000, bearish close, heavy FII selling in cash

Flat/Range

25%

Doji close, OI unwinding, low volume

Final View for 26 Nov 2025:

Sideways to mildly bearish.

Trade the range 58,800–58,900 with strict 60–70 point stoploss.

Break and sustained move above 59,000 or below 58,750 will decide the real trend.

Happy trading! 🚀

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