[INTRADAY] #BANKNIFTY PE & CE Levels(17/12/2025)

A flat opening is expected in BankNifty, with price continuing to trade within the same well-defined range seen in the previous sessions. The index is hovering around the 59,000–59,050 zone, which is acting as an important short-term support area. As long as this level is protected, the market may attempt a pullback toward higher resistance levels, but overall momentum remains neutral unless a breakout occurs.

On the upside, a move above 59,050–59,100 can be used as a buy-on-dips opportunity for buying, with upside targets at 59,250, 59,350, and 59,450+. A stronger bullish confirmation will come only if BankNifty sustains above 59,550, post which buying above 59,550 can aim for 59,750, 59,850, and 59,950+.

On the downside, 59,450–59,400 remains a crucial resistance zone where selling can be considered for downside targets at 59,250, 59,150, and 59,050-. If the index decisively breaks below 58,950, further weakness may unfold, opening targets toward 58,750, 58,650, and 58,550-. Until a clear breakout or breakdown is seen, traders should continue to focus on range-bound strategies with disciplined risk management.