📈 BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels – April 11, 2025

Daily Current Market Price (DCMP): 51,024

Market Context: BankNifty trades above support at 50,939 🟢 and below resistance at 51,379 🔴.

🔑 Critical Technical Levels

Immediate Zones

Intraday Buy Support: 50,939 🟢 (Fib 61.8% retracement + swing low alignment)

Intraday Sell Resistance: 51,379 🔴 (78.6% Fib extension + bearish trendline)

Swing High (4H/Daily): 50,641 | Swing Low (4H/Daily): 47,702

Fib Confluence Areas

Bullish Zone: 50,939–49,992 (50% Fib + liquidity cluster)

Bearish Zone: 51,379–52,531 (88.6% Fib + multi-touch resistance)

⚡ Momentum & Price Action

RSI Dynamics:

Bullish divergence forming near 50,939 support

MACD Signal:

Histogram flattens near zero line, indicating momentum shift

Volume Profile:

Low volatility at DCMP (51,024) suggests consolidation

🎯 Trade Setups

1️⃣ Intraday Buy Trade Idea

Entry: 50,939 🎯 (Retest of Fib support cluster)

Stop Loss: 49,992 ⛔ (Below swing low structure)

Take Profit 1: 50,215 ✅ (Nearest pivot level)

Take Profit 2: 50,439 ✅ (Resistance flip zone)

2️⃣ Intraday Sell Trade Idea

Entry: 51,379 🎯 (Confluence of Fib & swing high)

Stop Loss: 52,531 ⛔ (Above weekly resistance)

Take Profit 1: 50,802 ✅ (Immediate support cluster)

Take Profit 2: 50,578 ✅ (Historical liquidity zone)

⚠️ Risk Management Protocol

Maintain 1:3 risk-reward ratio for both trades

Monitor RBI policy announcements at 14:30 IST for volatility triggers

Final Insight: BankNifty consolidates between 50,939–51,379. Prioritize entries at Fib confluence zones with strict stop-loss discipline. A sustained break above 51,379 may trigger bullish momentum toward 52,531.