Today’s trading landscape for Bank Nifty Intraday is setting up with sharp volatility and crucial price inflection zones. The index continues to trade in a tightly balanced range, indicating a potential breakout ahead. Traders must focus on precision entries near support and resistance, as option data and PCR ratios show neutral market sentiment.
Bank Nifty Intraday Overview
The Bank Nifty Intraday index opened with moderate strength but faced resistance around the 58,000 mark. Global cues remain mixed, with domestic liquidity flows determining short-term momentum. Option writers are actively defending both 57,500 PE and 58,200 CE, confirming the intraday range for today.
- Support Levels: 57,425 – 57,650
- Strong Buy Zone: 57,050 – 57,250
- Resistance Levels: 58,000 – 58,125
- Strong Sell Zone: 58,250 – 58,375
Bank Nifty Intraday Strategy
- Sell Near: 58,250 | Stop Loss: 58,400
Targets: 57,825, 57,725, 57,650, 57,525, 57,425, 57,250 - Buy Near: 57,425 | Stop Loss: 57,350 (Strict)
Targets: 57,725, 57,775, 57,825, 57,950, 58,000, 58,125, 58,250
Analysis:
The Bank Nifty Intraday chart structure indicates a sideways to mildly bullish bias until 57,425 holds. A clean breakout above 58,125 could extend the rally toward 58,400–58,550 levels. Conversely, if the index sustains below 57,400, expect fresh selling pressure toward 57,050 and lower.
Nifty Intraday Market Structure
Nifty has shown resilience near the 25,400 zone, bouncing off multiple times in the past few sessions. However, sellers remain active near 25,800, restricting any sustained upward movement. With a neutral PCR and balanced open interest, Nifty is expected to oscillate within a defined range.
- Support: 25,425 – 25,500
- Strong Buy Zone: 25,275 – 25,375
- Resistance: 25,670 – 25,765
- Strong Sell Zone: 25,800 – 25,875
Nifty Intraday Strategy
- Sell Zone: 25,700 – 25,825 | Stop Loss: 25,950
Targets: 25,600, 25,575, 25,500, 25,450, 25,425, 25,375 - Buy Zone: 25,375 – 25,500 | Stop Loss: 25,275
Targets: 25,575, 25,600, 25,665, 25,700, 25,765, 25,800
Analysis:
The Nifty intraday outlook remains range-bound with a neutral undertone. A move above 25,825 could attract fresh buying, whereas a breach below 25,375 could push the index toward 25,250–25,100 zones.
PCR Data and Market Sentiment
- Nifty PCR: 0.75
- Bank Nifty PCR: 0.89
A Put-Call Ratio (PCR) below 1 indicates a neutral stance — markets are neither overbought nor oversold. This hints at a consolidation phase where traders should avoid aggressive positions and rely on momentum-based scalps near critical zones.
Technical & Derivative Outlook
- FII-DII Activity: FIIs have turned mildly positive after consistent selling, while DIIs continue supporting dips.
- Volatility Index (India VIX): Hovering near comfort levels, suggesting controlled volatility.
- Moving Averages: Bank Nifty trades close to its 20-EMA on the hourly chart, acting as a short-term pivot.
- Option Chain Analysis: Heavy open interest build-up at 58,000 CE and 57,500 PE indicates the day’s battleground.
Trading Psychology & Execution Tips
- Respect Stop Losses: Intraday volatility can hit both sides quickly; a disciplined SL keeps your capital safe.
- Follow Trend, Not Emotion: React to price, not prediction.
- Wait for Confirmations: Let candles close beyond levels before entering.
- Volume Confirmation: Watch for rising volumes near 57,400 or 58,200 to confirm institutional moves.
- No Hero Trades: Avoid counter-trend trades unless clear reversal signs appear.
Summary – Bank Nifty Intraday at a Glance
| Parameter | Nifty | Bank Nifty |
|---|---|---|
| Support | 25,425 – 25,500 | 57,425 – 57,650 |
| Strong Buy | 25,275 – 25,375 | 57,050 – 57,250 |
| Resistance | 25,670 – 25,765 | 58,000 – 58,125 |
| Strong Sell | 25,800 – 25,875 | 58,250 – 58,375 |
| PCR | 0.75 | 0.89 |
| Sentiment | Neutral | Sideways to Bullish |
Final Takeaway
The Bank Nifty Intraday trend remains poised between consolidation and breakout. With PCR ratios stable and option writers defending key levels, traders should adopt a patient, range-based approach. Both Nifty and Bank Nifty are likely to trade within their defined boundaries, offering clean opportunities near reversal zones.
Keep an eye on 58,125 for Bank Nifty and 25,825 for Nifty — these levels hold the key to the next directional move.
Disclaimer: This article is for educational purposes only. Trading involves risk. Consult your financial advisor before taking any investment decisions.
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