#BANKNIFTY Intraday PE & CE Levels(12/03/2026)

Bank Nifty is expected to open with a gap down opening near the 55650–55700 zone, indicating a weak start after the recent selling pressure in the market. The index is currently trading near an important support level around 55550, which will act as a crucial level for today's session.

If Bank Nifty manages to recover and sustain above 56050, traders can consider buying CE options above this breakout level. A move above 56050 may push the index toward 56250, 56350, and 56450+ levels.

On the downside, if the index faces rejection near the 55950–55900 zone, traders may consider reversal PE positions in this resistance band. A rejection from this level may push the index toward 55750, 55650, and 55550 levels.

Further weakness below 55450 may trigger stronger selling pressure in the market. If Bank Nifty breaks below 55450, traders can consider buying PE options for targets of 55250, 55150, and 55050 levels.

Since the market is opening with a gap down, traders should avoid aggressive selling at the open and wait for confirmation either below support or after rejection near resistance. Maintain strict stop loss and use trailing stop loss with partial profit booking at each target as volatility may remain high during the session.