[INTRADAY] #BANKNIFTY PE & CE Levels(23/10/2025)Bank Nifty is expected to open with a gap up near the 58,500 level, continuing its positive sentiment from the previous session. The index has shown resilience after recent consolidations, and a strong gap-up opening could attract fresh buying interest if key resistance levels are sustained.
If Bank Nifty holds above 58,550–58,600, we may see an upward move toward 58,750, 58,850, and 58,950+ zones. Sustained strength above 58,950 could trigger a sharp breakout rally toward 59,200+ levels in the coming sessions.
On the downside, the immediate support zone is around 58,050–58,000. A fall below 57,950 could invite short-term profit booking, pulling the index toward 57,750, 57,650, and 57,550 levels.
Overall, the sentiment remains bullish with a gap-up opening near 58,500, but traders should monitor intraday price action around the 58,600 zone for breakout confirmation. It’s advisable to use a trailing stop loss and book partial profits at every target level to manage volatility effectively.
