Bank Nifty Levels Today: Support, Resistance & Trade Setup

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Today’s Bank Nifty Outlook

Bullish Above: 55,500
Bearish Below: 54,900
Expected Range: 54,900 – 56,000
Best Trade Today: Buy 55500 CE above 55,500

Bank Nifty Levels Today: Support, Resistance, Option Chain & Trade Setup

Bank Nifty closed at 55,194.50 and has staged a strong recovery over the last few sessions. The index gained 2.09% in a single day and 2.76% during the week, indicating renewed buying interest in banking stocks.

The index is trading above its 20 DMA, 34 DMA and 50 DMA, while approaching a major resistance zone near 55,500–56,000. Although the medium-term and long-term trends remain bearish, short-term momentum has clearly shifted in favour of bulls.

As long as Bank Nifty remains above 54,900, buyers are likely to retain control. A breakout above 55,500 could trigger a rally toward 56,000–57,070, while a failure below 54,900 may invite profit booking toward 54,518–53,842.

Today’s bias remains cautiously bullish.

Key Bank Nifty Levels Today

Level	Price
Support 1	54,518
Support 2	53,842
Pivot	54,918
Resistance 1	55,594
Resistance 2	55,994

Chanakya View

👉 Above 55,500: Buy 55500 CE for targets of 56,000–57,070.

👉 Above 56,000: Fresh momentum may trigger a move toward 58,146.

👉 Below 54,900: Buy 55500 PE for targets of 54,518–53,842.

👉 Between 54,900–55,500: Expect consolidation and premium erosion.

Bank Nifty Option Chain Strategy Today – 30 June Expiry

Today’s Options Trade Setup

Instrument	Trade	Buy Zone	Target	Stop Loss
Bank Nifty 55500 CE	Buy	Rs. 920 – 980	Rs. 1,250 / 1,500	Rs. 720
Bank Nifty 55600 CE	Buy on Breakout	Rs. 880 – 940	Rs. 1,200 / 1,450	Rs. 700
Bank Nifty 55500 PE	Buy Below Support	Rs. 950 – 1,020	Rs. 1,300 / 1,650	Rs. 760

Type	Levels
Immediate Support	54,918 – 54,518
Strong Support	53,842 – 52,766
Immediate Resistance	55,594 – 55,994
Strong Resistance	57,070 – 58,146

Type

Levels

Immediate Support

54,918 – 54,518

Strong Support

53,842 – 52,766

Immediate Resistance

55,594 – 55,994

Strong Resistance

57,070 – 58,146

Level Type	Price
Pivot Point	54,918
Downside Trigger	54,900
Upside Trigger	55,500
Major Resistance	55,994
Strong Support	54,518

Level Type

Price

Pivot Point

54,918

Downside Trigger

54,900

Upside Trigger

55,500

Major Resistance

55,994

Strong Support

54,518

Strike	PCR Interpretation
55200	Healthy Put support (PCR 0.90)
55300	Support building (PCR 0.90)
55400	Neutral zone (PCR 0.71)
55500	Major OI battleground (PCR 0.73)
55600	Call writers active (PCR 0.31)
55700	Strong resistance zone (PCR 0.49)
55800	Resistance cluster (PCR 0.49)

Strike

PCR Interpretation

55200

Healthy Put support (PCR 0.90)

55300

Support building (PCR 0.90)

55400

Neutral zone (PCR 0.71)

55500

Major OI battleground (PCR 0.73)

55600

Call writers active (PCR 0.31)

55700

Strong resistance zone (PCR 0.49)

55800

Resistance cluster (PCR 0.49)

Metric	Level
Max Pain Zone	55,300 – 55,500

Metric

Level

Max Pain Zone

55,300 – 55,500

Condition	Action
Above 55,500	Buy 55500 CE
Above 56,000	Buy 55600 CE
Below 54,900	Buy 55500 PE
54,900 – 55,500	No Trade Zone

Condition

Action

Above 55,500

Buy 55500 CE

Above 56,000

Buy 55600 CE

Below 54,900

Buy 55500 PE

54,900 – 55,500

No Trade Zone

Indicator	Signal
Momentum	Improving
RSI	55.48
ADX	16.66 (Trend Building)
MACD	Positive Recovery
DMI	Bulls Marginally Ahead
ATR	916.65
Bollinger Bands	Trading near upper band
StochRSI	Strong Momentum
CCI	85.11

Indicator

Signal

Momentum

Improving

RSI

55.48

ADX

16.66 (Trend Building)

MACD

Positive Recovery

DMI

Bulls Marginally Ahead

ATR

916.65

Bollinger Bands

Trading near upper band

StochRSI

Strong Momentum

CCI

85.11

Bank Nifty Levels Today

Updated on 10 June 2026 @ 7.00 AM