📈 BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels - [14 April 2025]

Daily Current Market Price (DCMP): 51,002

Swing Context: Trading above recent swing low (47,702) with swing high at 50,641

🔑 Immediate Price Zones

Support Below DCMP:

🛡️ 50,802 | 50,439 | 49,992

Resistance Above DCMP:

⛔ 50,802 (Weekly R3) | 51,531 | 52,091

📊 Technical Configuration

• Fibonacci Framework: Price tests 61.8% retracement (50,802) of 47,702-50,641 range

• RSI Dynamics: Bullish momentum at 58.4 with higher lows

• MACD Signal: Positive crossover confirmed (+142 → +158 histogram)

💼 Trade Setups

🟢 Intraday Buy Configuration

🎯 Entry: 50,802 (38.2% Fib + weekly R3 confluence)

🛑 Stop Loss: 50,600 (-202 pts)

🎯 TP1: 51,100 (+298 pts)

🎯 TP2: 51,450 (+648 pts)

Rationale: Strong OI buildup at 50,800-50,900 zone with 12,500+ call contracts at 51,000 strike.

⚠️ Risk Management

Maintain 1:3 risk-reward ratio. Monitor RBI policy meeting minutes (2:30 PM IST) for banking sector volatility.