[INTRADAY] #BANKNIFTY PE & CE Levels(20/10/2025)Bank Nifty is likely to open with a gap up above the 58,000 zone, indicating continued bullish sentiment and follow-through momentum from last week’s rally. The index is consolidating near a breakout area, suggesting that buyers are still in control, but a decisive move above resistance is needed for further strength.
If Bank Nifty sustains above 58,050–58,100, it may trigger an upside rally toward 58,250, 58,350, and 58,450+ levels. A breakout above 58,550–58,600 will add fresh momentum, opening the path toward 58,750, 58,850, and 58,950+ zones.
On the downside, immediate support is placed near 57,750–57,700. A fall below this level could invite short-term profit booking, dragging the index toward 57,650, 57,550, and 57,450 levels.
Overall, the sentiment remains positive with a gap up opening expected above 58,000, but traders should watch for sustained buying above 58,100 to confirm bullish continuation. Maintaining a trailing stop loss and booking partial profits at key resistance levels is advised to protect gains in case of intraday reversals.
