Banknifty analysis 30 dec 2025

Bank Nifty Intraday Analysis (1-Hour Chart + OI Data)

Expiry: Tomorrow | Based on Price Action & Options Open Interest

Market Overview

Bank Nifty is currently trading near 58,930 and showing signs of range-bound movement ahead of expiry. Price action and options data clearly suggest that option writers are in control, and the market is waiting for a decisive breakout or breakdown.


1️⃣ Market Structure (Pure Price Action Analysis)

Based on the 1-hour candlestick chart:

Price is forming lower highs, indicating selling pressure at higher levels

Multiple candles show overlapping bodies and long wicks, which is a classic sign of consolidation

Lows near 58700 are being defended repeatedly

No strong impulsive bullish or bearish candle is visible

📌 Conclusion:

➡️ Sideways / Range-Bound Market

➡️ Neither a confirmed uptrend nor a downtrend


2️⃣ Major Support & Resistance Levels

🔴 Resistance Zones

Level

Reason

59500 – 59550

Previous swing high rejection

59200 – 59300

Supply zone + price rejection

59000 (Major)

Highest Call OI buildup

➡️ 59000 acts as a strong upside cap

🟢 Support Zones

Level

Reason

58800 – 58700

Multiple swing lows

58500 – 58600

Highest Put OI concentration

58700 (Major)

Strong demand zone

➡️ 58700 is the most important intraday support


3️⃣ Options Chain OI Analysis

Call Side Analysis (Resistance Creation)

59000 CE has the highest Call OI

Call options are losing value while price is not rising

Indicates aggressive Call writing

No significant Call short covering seen

📌 Inference:

➡️ Upside is capped near 59000–59200

Put Side Analysis (Support Creation)

58500 PE & 58700 PE have strong OI buildup

Put writers are actively defending lower levels

No panic unwinding yet

📌 Inference:

➡️ Downside protected near 58700–58500


4️⃣ Strong Zones from OI Data

Strong Resistance: 59000 – 59200

Strong Support: 58700 – 58500

5️⃣ Intraday Market Bias (Probability Based)

🐂 Bullish: 30%

🐻 Bearish: 35%

🔄 Sideways: 35%

➡️ Neutral to sideways bias until a range breaks


6️⃣ Best Intraday Trade Setup (Low Risk)

🔻 BUY PUT (Only on Breakdown)

Condition:

1-hour candle closes below 58700

Trade Plan:

Buy 58800 PE / 58700 PE

Entry: Below 58680

Stop-Loss: 60 points

Targets:

T1: 58580

T2: 58450

Logic:

Support breakdown + Put writers exit → fast move

🔺 BUY CALL (Only on Breakout)

Condition:

Strong rejection from 58700

1-hour close above 59200

Trade Plan:

Buy 59200 CE

Entry: Above 59230

Stop-Loss: 60 points

Targets:

T1: 59400

T2: 59520

Logic:

Call short covering above resistance

🚫 No Trade Zone

Between 58850 – 59150

High chance of premium decay


7️⃣ Retail Traders: Trapped or in Control?

📌 Retail traders are trapped

Reasons:

Buying Calls near 59000 → heavy Call writing

Buying Puts near 58700 → strong support causing bounce

Sideways price action leads to premium decay

➡️ Option writers are fully in control


8️⃣ Option Writing & Short Covering Zones

Option Writing Areas

59000 CE → Heavy Call writing

58500–58700 PE → Strong Put writing

Short Covering Zones

Above 59200 → Call short covering → fast upside

Below 58650 → Put unwinding → sharp downside

Final Conclusion

Bank Nifty is range-bound

58700 support and 59000 resistance are key

Avoid prediction, trade only after confirmation

Best approach: Wait → Break → Trade

Disclaimer

This analysis is for educational purposes only. Stock market trading involves risk. Please consult your financial advisor before taking any trade.


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