#BANKNIFTY PE & CE Levels(02/03/2026)

Bank Nifty is expected to open with a gap down around the 60450–60500 zone, indicating early weakness near immediate support.

The index has broken below the 60550 level and is now trading near the 60450 support area. Immediate resistance is placed at 60550, followed by 60950 on the higher side. The broader structure suggests short-term bearish pressure unless price reclaims 60550 quickly.

If Bank Nifty sustains below 60450 with strong selling momentum and a solid 15-minute candle close, short positions (PE) can be considered for targets of 60250, 60150, and 60050. A breakdown below 59950 may further extend the move toward 59750, 59650, and 59550.

On the upside, if price reclaims and sustains above 60550, a pullback bounce can be expected toward 60750, 60850, and 60950. Sustained trading above 60950 would negate immediate bearish pressure.

Since it is a gap down opening near support, avoid aggressive selling at the open. Wait for a confirmed breakdown below 60450 or a strong recovery above 60550. Maintain strict stop loss and trail profits carefully once the move confirms.