[INTRADAY] #BANKNIFTY PE & CE Levels(29/08/2025)

Bank Nifty is likely to witness a slightly gap-up opening today after a weak closing in the previous session. The index is currently hovering near the 53,900 zone, which is a key support area for intraday sentiment. If Bank Nifty sustains above 54,050, it may trigger a short-term correction rally, paving the way for an upside move toward 54,250, 54,350, and 54,450+. This zone will act as a crucial resistance, and only a strong breakout above it can confirm further recovery.

On the downside, failure to hold 54,000–53,950 levels may keep the pressure intact. A breakdown below 53,950 could extend the fall toward 53,750, 53,650, and 53,550. Traders should remain cautious as volatility is expected, and intraday price action near these levels will decide the direction for the day.

Overall, Bank Nifty remains in a weak-to-neutral zone, but a sustained close above 54,050 may provide relief for bulls. Traders are advised to maintain strict stop losses and look for opportunities in line with intraday momentum.