BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels – 31 March 2025

Daily Current Market Price (DCMP): 51,564

🗝️ Critical Price Framework

Below DCMP (Support):

🟢 51,350 (Confluence of Fib 61.8% & Swing Low Anchor)

🟢 48,874 (High-Liquidity Zone)

Above DCMP (Resistance):

🔴 52,296 (Immediate Swing High)

🔴 53,344 (Multi-Session Barrier)

🌐 Market Context

Swing Levels:

◼ Structural Swing High: 50,641

◼ Structural Swing Low: 47,702

Fibonacci Framework:

▫ 61.8% Retracement Cluster: 48,290–51,193 (Reversal Zone)

▫ 127.2% Extension Threshold: 52,110 (Breakout Catalyst)

📊 Technical Momentum Snapshot

✅ RSI Divergence: Neutral at 54.8 (4H bearish momentum fading)

✅ MACD Signal: Bullish crossover above signal line (momentum shift)

✅ Volume Profile: Heavy liquidity at 51,447–52,110 range

💡 Trade Idea 1: Intraday Buy Setup

Entry: 🎯 51,350 (Confluence of Fib Support & Swing Low)

Stop Loss: ⚠️ 50,766 (Below Key Liquidity Pool)

Take Profit 1: 🏁 52,296 (Immediate Resistance)

Take Profit 2: 🚩 53,344 (Structural High Retest)

Rationale:

Bullish engulfing pattern on 4H timeframe at 51,350

RBI policy stability supporting banking sector upside

💡 Trade Idea 2: Intraday Sell Setup

Entry: 🎯 52,296 (Confluence of Swing High & Fib Extension)

Stop Loss: ⚠️ 53,344 (Above Multi-Session Resistance)

Take Profit 1: 🏁 51,350 (Retracement Base)

Take Profit 2: 🚩 48,874 (Liquidity Grab Zone)

Rationale:

Bearish rejection at 52,110 resistance cluster

Rising bond yields pressuring financial stocks

📉 Strategic Observations

Price Magnetism:

Institutional orders clustered at 51,447 (200-period EMA)

Sentiment Shift:

Corporate earnings optimism in large-cap banks

Event Risk:

Friday’s RBI credit policy review may amplify volatility

🔭 Forward Guidance

Monitor:

◼ Sustained close above 52,296 → Targets 53,344

◼ Breakdown below 51,350 → Opens 48,874 retest

Note: Implement 1:3 risk-reward ratios with trailing stops. Confirm trades with closing price breaks beyond key levels.

📌 Key Insight:

BankNifty consolidates between 51,350–52,296. Prioritize range-bound strategies at tested technical boundaries with 1.2% risk tolerance, aligning with RBI policy-driven liquidity shifts.