#BANKNIFTY Intraday PE & CE Levels(10/03/2026)Bank Nifty is expected to open with a gap up opening near the 56050–56100 zone, indicating a positive start after the previous recovery move. The index is currently approaching the 56050 resistance level, which will act as the first key breakout zone for today's session.
If Bank Nifty manages to sustain above 56050 with strong buying momentum, traders can consider buying CE options above this level. A breakout above 56050 may push the index toward 56250, 56350, and 56450+ levels. Sustaining above this resistance zone could trigger short covering and extend the upside move.
Another stronger bullish setup may appear if the index breaks above 56550. In that case, CE positions can be considered above 56550 for targets of 56750, 56850, and 56950+, which are the next major resistance levels on the chart.
On the downside, if the index faces rejection near the 55950–55900 zone, traders may consider buying PE options in this resistance band. A breakdown below this level could push the index toward 55750, 55650, and 55550 levels.
Further weakness below 55450 may trigger another round of selling pressure. If Bank Nifty breaks below 55450, traders can consider PE positions for targets of 55250, 55150, and 55050 levels.
Since the market is expected to open with a gap up, avoid aggressive buying immediately at the open. Wait for confirmation above the breakout levels or rejection near resistance before entering trades. Maintain strict stop loss and trail profits carefully as volatility may remain high during the session.
