[INTRADAY] #BANKNIFTY PE & CE Levels(04/11/2025)Bank Nifty is expected to open flat near the 58,100–58,150 zone, following a phase of mild recovery from lower levels in the previous sessions. The index is currently consolidating in a narrow range, suggesting that traders are waiting for a clear breakout to determine the next directional move.
If Bank Nifty manages to sustain above 58,150–58,200, it may extend its upside move toward 58,250, 58,350, and 58,450+. A breakout above 58,450 will strengthen bullish momentum, opening the path toward 58,600–58,700 in the short term.
On the downside, immediate support lies at 57,950–57,900. A decisive move below this zone could trigger a decline toward 57,750, 57,650, and 57,550, where buyers may look to re-enter.
Overall, with a flat opening, Bank Nifty is likely to trade within a range of 57,900–58,400. Traders should wait for a breakout on either side before taking fresh positions and maintain strict stop losses to navigate potential intraday volatility.
