⚡BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels - April 9, 2025
- Neom
- Apr 9
- 1 min read
Daily Current Market Price (DCMP): 50,240 🔍
Critical Price Framework 🔥
Resistance Above DCMP
50,667 🟥 (Immediate Resistance)
51,208 ⚠️ (Upper Resistance Zone)
Support Below DCMP
50,227 🟩 (Key Support)
49,682 🛑 (Critical Floor)
Swing Levels
Swing High: 50,641
Swing Low: 47,702
Technical Confluence 🔍
Fibonacci & Price Alignment
50,227 Support: 61.8% Fib retracement of March rally + Institutional accumulation zone
50,667 Resistance: 38.2% Fib extension + Short-term liquidity cluster
Momentum Indicators
RSI: 52.1 (Neutral with hidden bullish divergence on 4H chart)
MACD: Bullish crossover imminent on hourly timeframe
Intraday Trade Setups ⚡
🟢 Intraday Buy Trade Idea
Entry: 50,227 🎯 (Strong Support Zone)
Stop Loss: 49,682 🛑 (-545 points)
Take Profit 1: 50,667 📈 (+440 points)
Take Profit 2: 51,208 🚀 (+981 points)
Rationale: Confluence of Fib support and bullish order block alignment.
🔴 Intraday Sell Trade Idea
Entry: 50,667 ⚠️ (Key Resistance Cluster)
Stop Loss: 51,208 🛑 (+541 points)
Take Profit 1: 50,227 📉 (-440 points)
Take Profit 2: 49,682 🔥 (-985 points)
Rationale: Price rejection at Fib extension + bearish liquidity grab pattern.
Key Technical Drivers 🛠️
Resistance Band: 50,667–51,208 (Fib extension + options expiry gamma zone)
Support Zone: 50,227–49,682 (Institutional buying threshold)
Catalyst: RBI monetary policy decision (10:00 AM IST)
Risk Management Protocol ⚠️
Position sizing ≤0.5% per trade (volatility-adjusted)
Trailing stops activated at 1:2 risk-reward ratio
Avoid trading during index rebalancing window (2:45-3:00 PM IST)
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