[INTRADAY] #BANKNIFTY PE & CE Levels(02/09/2025)

Bank Nifty is likely to witness a slightly gap-up opening today, with price action consolidating near the 54,000 zone. This level remains a key pivot for intraday direction, and traders should watch closely for confirmation on either side.

On the upside, if Bank Nifty sustains above the 54,050–54,100 range, a positive move could unfold with targets placed at 54,250, 54,350, and 54,450+. Sustained buying momentum above 54,450 could further strengthen bullish sentiment and extend the rally.

On the downside, if the index fails to hold and slips below 53,950–53,900, fresh selling pressure may drag Bank Nifty lower toward 53,750, 53,650, and 53,550. A breakdown below 53,550 would open the door for deeper declines, turning market sentiment more negative.