Bank Nifty Intraday View | Monday, 1st December 2026 | Key Levels & Trading Plan
The market enters the first trading session of December with high expectations and increased volatility.
Bank Nifty has been consolidating in a tight range, and traders are closely watching critical breakout levels for directional movement.
📌 Key Level to Watch
The most important level for tomorrow is:
🔻 Breakdown Level: 59,600
If Bank Nifty breaks below 59,600, selling pressure may increase sharply, triggering a quick downside move.
🎯 Expected Move
A clean breakdown below 59,600 may lead to a 200-point downside fall, creating a strong intraday selling opportunity.
🔥 Trading Plan (Option Strategy)
Buy Bank Nifty 59,500 PE
| Entry Zone | Target | Stop Loss |
|---|---|---|
| ₹ 566 | ₹ 622 | ₹ 510 |
Why this Setup?
-
Breakdown below 59,600 will confirm weakness
-
Fresh short positions may build below support levels
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Downside momentum can push PE price towards target quickly
Important Support & Resistance Zones
| Support Levels | Resistance Levels |
|---|---|
| 59,600 / 59,450 | 59,850 / 60,100 |
A sustained break below 59,600 can accelerate selling up to 59,400 – 59,350.
Risk Management
-
Maintain strict stop loss at ₹ 510
-
Avoid chasing entry if market gives fast spike
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Book partial profits near ₹ 600 zone
Conclusion
On Monday, 1st December 2026, watch 59,600 crucial support.
If Bank Nifty breaks this level with volume, 200-point downward movement is possible.
For intraday traders, 59,500 PE looks attractive at ₹ 566 entry, with ₹ 622 target & ₹ 510 SL.
⚠ Disclaimer
This is purely for educational and analysis purposes, not financial advice.
Trade based on personal research and risk capacity.
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