📊 BankNifty-NSE 2nd January 2025 Daily Analysis Based on Main Key Levels

Current Market Price (DCMP)

As of now, the Daily Current Market Price (DCMP) for BankNifty is 51,180.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 51,635

Resistance 2: 51,821

Resistance 3: 52,122

✅ Support (Below DCMP)

Support 1: 51,033

Support 2: 50,847

Support 3: 50,546

📉 Swing Levels

Swing High: 53,888

Swing Low: 50,609

📋 Summary of Analysis

The current market price of 51,180 indicates that key resistance levels above this price include 51,635, 51,821, and 52,122. The support levels below this price are 51,033, 50,847, and 50,546. The swing high stands at 53,888, while the swing low is at 50,609.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 51,033

Stop Loss: ❌ 50,847

Take Profit 1: 🎯 51,200

Take Profit 2: 🎯 51,334

📌 Reason for Entry

The price is approaching a key support level at 51,033, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 51,334

Stop Loss: ❌ 51,635

Take Profit 1: 🎯 51,200

Take Profit 2: 🎯 51,000

📌 Reason for Entry

Resistance at 51,334 indicates a potential selling opportunity, with targets set below this level.

📝 Conclusion

This analysis provides a concise overview of key levels and trade opportunities for BankNifty. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀