📊 BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels – April 1, 2025

Daily Current Market Price (DCMP): 50,829

Market Context: Trading above immediate support at 50,691 / below resistance cluster at 51,474-51,959

🔑 Critical Price Architecture

Demand Zones:

✅ Structural Support: 50,076-50,691 (Fib 61.8% Retracement Zone)

⚠️ Breakdown Threshold: 47,702 (4H Swing Low Anchor)

Supply Barriers:

⛔️ Upper Resistance: 51,474-52,742 (Multi-Timeframe Supply Confluence)

🚀 Bullish Catalyst: 50,641 (Daily Swing High)

Swing Reference:

🔺 Swing High: 50,641 (Daily Chart Peak)

🔻 Swing Low: 47,702 (4H Chart Trough)

📊 Technical Configuration

Fibonacci Framework:

38.2% Retracement at 51,474 aligns with liquidity pool

61.8% Extension at 50,691 matches historical support

Momentum Dynamics:

⚡ RSI: Neutral at 52 with bearish divergence on 4H chart

📉 MACD: Bearish crossover confirmed below signal line

💡 Tactical Trade Blueprint

🎯 Intraday Buy Setup

Entry: 50,691 (Demand Zone & Fib 61.8% Convergence)

🛑 Stop Loss: 50,076 (Below Structural Support)

🎯 Take Profit 1: 51,474 (Immediate Resistance)

🎯 Take Profit 2: 51,959 (Mid-Term Resistance)

Rationale: Reversion play at deep Fib support with RSI hinting at oversold conditions.

🎯 Intraday Sell Setup

Entry: 50,990 (Resistance Zone & Fib 38.2% Retracement)

🛑 Stop Loss: 51,474 (Above Supply Cluster)

🎯 Take Profit 1: 50,691 (Immediate Support)

🎯 Take Profit 2: 50,076 (Structural Demand Zone)

Rationale: Bearish rejection likely at resistance with MACD confirming downside momentum.

📍 Strategic Outlook

Price consolidates between 50,691 (Fib 61.8%) and 51,474 (lower resistance). Sustained break above 51,959 opens path to 52,742. Downside risk escalates below 50,076 with 47,702 as next bearish target.

Risk Alert: Monitor RBI policy decisions for volatility triggers. 💥