📈 BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels – March 28, 2025

Current Market Price (CMP): 51,598

🔥 Immediate Price Zones

Above CMP (Resistance)

⚡ 52,296 – Critical Fib-aligned resistance

⚡ 51,350 – Swing high convergence

Below CMP (Support)

⚡ 51,350 – High-volume reaction zone

⚡ 49,820 – Major swing low anchor

📊 Technical Drivers

Fib Confluences:

61.8% retracement at 52,296 (aligns with 4H swing high)

38.2% support at 51,350 (daily chart liquidity pool)

Momentum Signals:

RSI hovering at 56 (neutral bias)

MACD histogram flatlining near zero line

Swing Context:

Daily swing high: 50,641 | 4H swing high: 52,110

Daily swing low: 47,702 | 4H swing low: 51,700

⚡ Trade Setups

Intraday Buy Idea

🎯 Entry: 51,350 (Fib 38.2% + order block)

🛑 Stop Loss: 49,820 (swing low buffer)

✅ Take Profit 1: 51,598 (CMP retest)

🎯 Take Profit 2: 52,296 (resistance test)

Rationale: Bullish reversal likely at 51,350 with RSI defending 50 level. Confirmation requires 4H close above 51,500.

Intraday Sell Idea

🎯 Entry: 52,296 (Fib 61.8% resistance)

🛑 Stop Loss: 52,296 (swing high buffer)

✅ Take Profit 1: 51,598 (CMP revisit)

🎯 Take Profit 2: 51,350 (support retest)

Rationale: Bearish rejection expected at 52,296 if MACD turns negative. Watch for 4H bearish engulfing candles.

🌐 Strategic Outlook

Bullish Break: Close above 52,296 opens path to 52,296 (swing high)

Bearish Risk: Breakdown below 51,350 may trigger slide to 49,820

🔍 Critical Observations

🔥 52,296: Fib-resistance cluster with 4H order block alignment

🔥 51,350: Institutional buying zone per volume profile

🔥 1:3 risk-reward ratio in both trades enhances viability