#BANKNIFTY Intraday PE & CE Levels(09/03/2026)

Bank Nifty is expected to open with a gap down opening near the 57800 zone, indicating continued bearish pressure after the previous session’s sharp sell-off. The index is currently trading below the important resistance zone around 58050, which will act as the key level to watch for any recovery.

If Bank Nifty manages to reclaim and sustain above 58050 with strong buying momentum, traders can consider buying CE options above 58050. A breakout above this level may push the index toward 58250, 58350, and 58450+ levels. Sustaining above this zone may trigger short covering and lead to a recovery bounce during the session.

On the downside, if the index fails to hold the 57950–57900 zone and continues to trade below it with strong selling pressure, traders can consider buying PE options around 57950–57900. In that case, the index may move toward 57750, 57650, and 57550 levels.

Further weakness below 57450 could trigger another leg of selling in the market. If Bank Nifty breaks below 57450, traders can consider PE positions for targets of 57250, 57150, and 57050 levels.

Since the market is opening with a gap down and near support levels, avoid aggressive selling immediately at the open. Wait for confirmation either above 58050 for a recovery bounce or below 57900 for continuation of the downside move. Maintain strict stop loss and trail profits carefully as volatility may remain high during the session.