⚡ BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels - April 4, 2025

Daily Current Market Price (DCMP): 51,651 🔍

Critical Price Framework 🔥

🔴 Resistance Zone (Above 51,651)

Immediate Resistance: 51,959 🚩

Critical Resistance: 52,742 ⚠️

🟢 Support Zone (Below 51,651)

Primary Support: 51,100 🛡️

Critical Floor: 50,633 🛑

Swing Levels 📉

Swing High: 50,641

Swing Low: 47,702

Technical Confluence 🔍

Fibonacci Alignment

51,474 aligns with 61.8% retracement of March decline

51,959 coincides with 127% extension of recent rally

Momentum Indicators

RSI at 58.4 (neutral with bullish bias)

MACD histogram shows bearish crossover confirmation

Intraday Trade Setup ⚡

🟢 Buy Trade Idea

Entry: 51,474 🎯

Stop Loss: 50,921 🔴

Take Profit 1: 52,258 📈 (1:3.1 R/R)

Take Profit 2: 52,742 📈 (1:5.4 R/R)

Rationale: Bullish reversal expected at 61.8% Fib support cluster (51,474-51,100) with positive divergence on hourly charts.

🔴 Sell Trade Idea

Entry: 51,959 🎯

Stop Loss: 52,258 🔴

Take Profit 1: 51,100 📉 (1:2.8 R/R)

Take Profit 2: 50,633 📉 (1:4.6 R/R)

Rationale: Bearish rejection anticipated at 127% Fib extension (51,959-52,742 zone) with weakening upside momentum.

Risk Management Protocol ⚠️

Position sizing ≤1% of capital per trade

Trailing stop activation at 1:1 risk-reward ratio

Monitor RBI monetary policy announcements

Analysis valid until NSE closing bell. Chart patterns verified via TradingView.