[INTRADAY] #BANKNIFTY PE & CE Levels(03/11/2025)

Bank Nifty is likely to open flat or with a slight gap up near the 57,750–57,800 zone, reflecting a cautious start to the week as traders await directional clarity. The index is currently oscillating within a narrow range, indicating consolidation before a potential breakout or breakdown.

If Bank Nifty sustains above 57,800–57,850, we may see a short-covering move toward 57,950, 58,050, and 58,350+ levels. A strong breakout above 58,100 could further extend the rally toward 58,450–58,600, signaling bullish momentum.

On the downside, immediate support lies around 57,600–57,550. A fall below 57,550 may invite selling pressure, dragging the index toward 57,450 and 57,250 levels. Sustained trade below 57,250 can extend the decline toward 57,050.

Overall, with a flat to slightly gap up opening, traders should stay alert for a breakout from the 57,550–58,100 range. A disciplined approach with strict stop losses and trailing profits is advised, given the possibility of intraday volatility within this consolidation phase.