Banknifty Intraday Analysis for 11th August 2026

NSE:BANKNIFTY The highest Call and Put OI is built up at 58000 strike which will act as resistance as long as it is not broken and on the downside index has support at 57500 support and if broken then downward moment is inevitable. The upward moment may lead the Index to 58400 – 58500 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 59100 – 59200 range. On the contrary, The downward moment may drag the Index to 57000 – 56900 support range in downward momentum and if this support is broken then the index may tank near the 56300 – 56200 range.