🚀 BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels - 2025-04-10

Daily Current Market Price (DCMP): [50,240]

🗺️ Price Architecture Matrix

Resistance Zone (Above DCMP):

🔴 50,667 (Immediate Barrier) | 51,819 | 52,091 | 52,531

Support Cluster (Below DCMP):

🟢 50,227 (Strategic Floor) | 49,973 | 49,682

Swing Extremes (D/4H):

📈 High: 50,641 | 📉 Low: 47,702 (Watch 49,645-50,667 consolidation band)

⚙️ Technical Engine

Fibonacci Framework:

38.2% retracement at 49,973 aligns with institutional liquidity pool

61.8% extension at 50,667 matches options chain resistance

Momentum Configuration:

RSI: Bullish divergence emerging on 4H timeframe (56.4 → 61.2)

MACD: Histogram shifting above baseline with +183 delta

Volatility Analysis: IVR at 28.7% suggests compressed price action

💡 Tactical Trade Blueprint

🟢 Intraday Buy Setup

Entry: 🎯 50,227 (Fibonacci Support + Put Wall Confluence)

Stop Loss: 🛑 49,682 (-545 points)

Take Profit 1: 🏁 50,667 (+440 points)

Take Profit 2: 🚀 51,379 (+1,152 points)

Catalyst: RBI Monetary Policy Decision at 10:00 IST

🔴 Intraday Sell Scenario

Entry: 🎯 50,667 (Fibonacci Extension + Call OI Cluster)

Stop Loss: 🛑 51,379 (+712 points)

Take Profit 1: 🏁 50,227 (-440 points)

Take Profit 2: 🚀 49,682 (-985 points)

Trigger Watch: US CPI Data at 18:30 GMT

🛡️ Risk Protocol

Maintain 1:1.5 risk-reward ratio minimum

Optimal execution during pre-market hours (09:00-09:45 IST)

Monitor Nifty Bank PE Ratio correlation (Current: 23.8 vs 10Y Avg 19.4)