[INTRADAY] #BANKNIFTY PE & CE Levels(24/12/2025)A flat opening is expected in Bank Nifty, with price continuing to trade within the same range seen in the previous session. The index is hovering near 59,250–59,300, indicating a balance between buyers and sellers. There are no major changes in yesterday’s key levels, and the market remains in a consolidation phase, suggesting a wait-and-watch approach at the opening.
On the upside, a sustained move above 59,550 will be the key trigger for bullish momentum. If Bank Nifty manages to hold above this level, long positions can be considered with upside targets at 59,750, 59,850, and 59,950+. Strength above this resistance may attract fresh buying and push the index toward the psychological 60,000 zone.
On the intraday upside, a move above 59,050–59,100 can also act as a positional buying opportunity. Holding above this support may lead to an upside move toward 59,250, 59,350, and 59,450+, keeping the short-term bias mildly positive.
On the downside, if the index fails to sustain above 59,450–59,400 or breaks below 59,050, selling pressure may increase. In such a scenario, Selling positions can be considered with downside targets at 58,950, 58,750, and 58,650–58,550, where strong demand zones are placed. Until a clear breakout occurs on either side, traders are advised to focus on range-bound trades, maintain strict risk management, and avoid aggressive directional positions.
Premarket
Nifty Premarket Analysis- 23 Oct'23 NeMcxTalksStrategy : Trend Lines and Support /Resistance
Support : 19330-19480
Resistance 19610
Entry levels:
In the last week, Nifty could not hold the 19860 levels and fell sharply to the 19650 levels on wednesday and the previous week expiry touched 500 levels, but, closed around 19630 levels.
We still see the selling pressure in nifty window and could not cross or close above 19600 and closed the day without any any clear direction.
The coming week being Oct Monthly expiry and a truncated week, we can expect some choppy trade on monday and some action by wednesday and expiry day.
Based on the geo political news, Us rate hike , inflation data, rising crude oil prices, all the global markets are witnessing weakness and October expiry could see levels of 19330 and 19240 ranges. Expected close for the expiry could be 19240.
Gift nifty on friday, touched below 19500 and hovering below 19500. We can decide the market direction based on early morning trade in Gift nity.
Overall view: Bearish.
Disclaimer:
We are not a SEBI registered analysts. The views expressed are my own and for educational purposes only.
Please do the due diligence in executing any trades.
Currently i have a neutral strategy carried forward from Friday with a bearish bias.
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