[INTRADAY] #BANKNIFTY PE & CE Levels(19/02/2025)

The Banknifty indicates a flat opening today, with the index currently hovering around 49050. Key levels suggest a potential breakout or breakdown scenario depending on market movement. On the upside, if Bank Nifty moves above the 49050-49100 zone, can look to long with targets at 49250, 49350 and 49450+.

Conversely, a breakdown below the 48950-48900 level could trigger a bearish move, making downside with targets at 48750, 48650, and 48550-. The major support level lies at 48545, which could act as a strong demand zone if the index falls further.

The current price action, the market is expected to open within this defined range, indicating a flat start. The direction for the day will be determined by whether Bank Nifty sustain above 49050 for a bullish rally or falls below 48950 for a bearish trend. Until then, sideways movement is likely, and should wait for confirmation before entering any trades.