Banknifty analysis 29 dec 2025

Bank Nifty Intraday Analysis (1-Hour Chart + Options OI) – Range With Bearish Bias

Index: Bank Nifty

Timeframe: 1 Hour

Expiry: Weekly

Method Used: Pure Price Action + Options Chain OI

Indicators: ❌ None

📌 Market Overview

Bank Nifty is currently trading near 59000, showing range-bound behavior with bearish pressure. Despite multiple attempts, price has failed to sustain above key resistance zones, indicating option writers’ dominance and lack of aggressive buying interest.

1️⃣ Market Structure (Pure Price Action)

Current Structure:

➡️ Range-bound with Bearish Bias

Observations:

Multiple rejections near 59500–59600, forming a clear supply zone

Formation of lower highs after each bounce

Price trading below the range midpoint

No strong bullish continuation candles visible

📉 This indicates distribution, not accumulation.


2️⃣ Key Support & Resistance Levels

🔴 Resistance Zones (Supply)

From Chart + Call OI

59500–59600 → Major swing high + highest Call OI

59180–59200 → Range midpoint + failed retest

59050–59000 → Psychological & intraday supply

🟢 Support Zones (Demand)

From Chart + Put OI

59000–58900 → Highest Put OI concentration

58700–58680 → Range low + strong historical bounce

58350–58400 → Extreme downside support (only if panic selling


3️⃣ Options Chain OI Analysis

📊 Call OI (Resistance)

59000 CE → Heavy OI buildup

59500 CE → Highest Call OI

➡️ Strong Call Writing, upside capped

📊 Put OI (Support)

59000 PE → Highest Put OI

58900 PE → Active Put writing

➡️ Support present but not aggressive long buildup

⚠️ Near ATM, Call writers are stronger than Put buyers



4️⃣ Strong Zones Based on OI Behavior

🔐 Strong Resistance

59100–59200

59500–59600

🧱 Strong Support

58900–59000

58700


5️⃣ Intraday Bias (Probability-Based)

Bearish: 45%

Sideways: 40%

Bullish: 15%

📌 Bias remains negative unless price sustains above 59220.


6️⃣ Best Intraday Trade Setup

✅ Preferred Trade: BUY PUT (Breakdown Trade)

Condition:

15-min / 1-hour close below 58950

Trade Plan:

Instrument: 58900 PE / 58800 PE

Entry: Below 58950

Stop-Loss: 59040

Target 1: 58820

Target 2: 58680


📉 Reason:

Demand breakdown

Put writers start unwinding

Call writers gain control

⚠️ Alternate Trade (Only on Breakout)

Buy Call only if:

Strong close above 59220

Setup:

Buy: 59200 CE

SL: 59130

Targets: 59350 / 59500

❌ Avoid blind CE buying near 59000.


7️⃣ Retail Trader Positioning – Trap or Control?

Retail traders are currently TRAPPED

Why?

CE buyers trapped near 59000 expecting bounce

Late PE buyers stuck as support holds

Smart money is selling both sides, keeping price inside a range

➡️ Classic option writer range trap


8️⃣ Option Writing & Short Covering Zones

✍️ Option Writing Zones

Call Writing: 59100–59500

Put Writing: 58700–58900

🔥 Short Covering Zones

Above 59220: Call short covering → sharp upside move

Below 58880: Put short covering → fast downside move


9️⃣ Scalping Setup (10–20 Points)

⚡ Bearish Scalping (Preferred)

Sell near: 59080–59120

SL: 59160

Target: 59020 → 58990

Instrument: ATM PE

⚡ Bullish Scalping (Counter-Trend)

Buy near: 58900 demand

SL: 58860

Target: 58960–58980

(Only on clear rejection candle)

🔑 Conclusion

Market structure favors range with bearish tilt

Option writers in control

Best opportunity lies in breakdown trades

Avoid emotional trades near ATM levels

Trade with levels, not opinions.

⚠️ Disclaimer

This analysis is for educational purposes only. Options trading involves risk. Always trade with proper risk management and consult your financial advisor before taking any position.

Comments

Post a Comment

Popular posts from this blog

Banknifty analysis 7 june 2025

 Based on images and data, here's a comprehensive intraday analysis for Bank Nifty as of June 6, 2025. --- 📊 Current Market Snapshot: Bank Nifty Spot: 56,578.40 ▲ +817.55 (+1.47%) Momentum (RSI 14): 70.08 — Overbought zone Volume: Spike indicates strength in the breakout. --- 🔍 Technical Chart Analysis: Strong bullish candle with high volume shows a decisive breakout. RSI is at 70+, indicating strong momentum, but also potential short-term exhaustion. Consolidation above 56,200–56,300 previously, now acting as support.-- 🔎 Option Chain Analysis (26 June 2025 expiry): 🔼 Resistance Zones (High Call OI): Strike Call OI Comment 57000 11.45L Strong resistance 56800 1.22L Moderate resistance 56700 1.29L Light resistance 🔽 Support Zones (High Put OI): Strike Put OI Comment 56500 7.12L Strong support 56400 1.77L Moderate support 56600 2.08L Immediate support --- 🧠 PCR (Put/Call Ratio): Overall PCR: 0.98 → Neutral to slightly bullish Rising Put OI at 56...
Read more

Banknifty analysis for 11 June 2025

Based on (Option Chain, OI Analytics, and Intraday Chart for BANKNIFTY as of 11 June 2025), here's a detailed analysis of support, resistance, and a suggested intraday trade plan: --- 🔍 1. SUPPORT & RESISTANCE (based on OI & Price Action) 📉 Resistance Zones 57000:         Highest Call OI at 13.7L. Significant drop in Call prices across strikes (e.g., 57200 CE down -29.82%). Indicates strong resistance as writers are active. 56800 - 57000: Cluster of high Call OI; option writers expect price to stay below this. 📈 Support Zones   56500: Highest Put OI at 7.81L with a massive change of +76020 contracts. Strongest support zone. 56400 - 56600: Strong base of Put writing—buyers showing confidence. --- 📊 2. PCR (Put-Call Ratio) Analysis Overall PCR: 0.95 – Slightly bearish sentiment but near neutral. PCR trend (June 3–9) shows rising PCR till June 9, indicating puts are being added (support is strengthening). --- 🕹️ 3. Intraday Chart Observations (11 ...
Read more

Banknifty analysis for 5 may 2025

 Based on data for Bank Nifty (as of May 2, 2025), here’s a breakdown of key support and resistance levels, followed by the ideal trade setup: --- Chart Analysis : Current Price: 55115.35 RSI: 67.16 (bullish but nearing overbought zone) EMA Support Levels: 50 EMA: 51865 200 EMA: 50581 Structure Observation: Price is in a strong uptrend and respecting moving averages. Immediate consolidation is happening between 55000 and 55600 zones. Strong rejection from highs (long wicks visible) — signs of possible short-term resistance. --- Option Chain Analysis – Monthly Expiry (May 29) Major Resistance Zone 55600 & 55700 strikes have high Call OI: 55600 CE: 1.71L 55700 CE: 1.65L LTPs are declining, showing call writers are defending those levels. Major Support Zone 55000 PE OI: 9.53L (highest Put OI) Followed by 54700-54900 zone with decent Put writing. PCR = 0.9 → Slightly bearish to neutral. --- Open Interest Analytics  Max Call OI: 55000–55600 Max Put OI: 55000 (Strong base) Total...
Read more