Bank Nifty Options Chain

Bank Nifty – Option Chains for 13 March 2026

Bank Nifty continues to remain under strong selling pressure after witnessing a sharp correction in recent sessions. The index closed at 55,100.95, declining 1.14% in the last session and losing nearly 6.70% over the past week. The short-term trend has clearly turned bearish, although the medium and long-term structures still remain positive.

Technically, Bank Nifty is trading significantly below its key short-term moving averages. The index is far below the 20DMA at 59,541 and the 50DMA at 59,634, indicating strong near-term weakness. The price is also hovering very close to the lower Bollinger Band at 55,463, suggesting that the index is approaching an important support zone but the prevailing momentum still favors sellers.

Momentum indicators strongly support the bearish outlook. RSI has slipped to 26.71, indicating extremely weak momentum and strong selling pressure. MACD remains deeply negative with a widening histogram, confirming strong downside momentum. Stochastics and Williams %R are also in oversold territory, reflecting sustained bearish dominance.

Directional indicators further strengthen the negative bias. The DMI shows –DI at 47.13 sharply above +DI at 14.50, indicating that sellers are firmly controlling the trend. ADX at 27.77 suggests that the ongoing directional move is gaining strength and could continue if key support levels break.

From a price-structure perspective, Bank Nifty is hovering near the pivot level of 55,166 and the immediate support zone around 55,000. If the index slips below this psychological support, it may trigger a fresh breakdown toward the next support levels of 54,695 and 54,290.

Options Strategy (Preferred Trade – Bearish Momentum)

Strategy | Level
Instrument | Bank Nifty 55000 PE
Buy Zone | Rs. 420 – Rs. 470
Stop Loss | Rs. 300
Target 1 | Rs. 650
Target 2 | Rs. 850

Why 55000 PE?

The 55,000 strike is positioned exactly near the key breakdown zone and the psychological support level. If Bank Nifty breaks below 55,000, the index could quickly move toward 54,700–54,300 levels, which would trigger sharp premium expansion in the 55,000 Put option.

Technical Levels

Level | Price
Immediate Resistance | 55,571
Major Resistance | 56,042
Immediate Support | 54,695
Strong Support | 54,290

Strategy Outlook

With the index trading far below key moving averages, extremely weak momentum indicators and sellers dominating directional indicators, Bank Nifty appears vulnerable to further downside pressure. A sustained move below the 55,000 support zone could trigger fresh selling momentum toward 54,700–54,300 levels. In such a scenario, the 55,000 PE offers the best risk-reward setup for intraday traders.