📈 Bank Nifty-NSE INDEX 7th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 48,413

Key Price Structure & Technical Snapshot 📊

Critical Levels

Above DCMP (Resistance):

▶️ 48,806 (Immediate Resistance) 🔴

▶️ 49,017 (Mid-Term Barrier)

▶️ 50,641 (2025 Swing High Confluence)

Below DCMP (Support):

▶️ 47,841 (Key Swing Low Anchor) 🟢

▶️ 48,328 (Fib 61.8% Retracement)

▶️ 48,555 (100-WMA Support)

Swing Levels

Daily Swing High: 50,641

Daily Swing Low: 47,841

Technical Indicators

Fibonacci: 47,841 aligns with 38.2% retracement from 2024’s peak rally (50,641 → 47,841)

RSI: Neutral at 52, indicating consolidation near DCMP.

MACD: Bearish crossover below signal line at 48,413 DCMP

Intraday Trade Setups 💡

Trade Idea 1: Intraday Sell

Entry: 🎯 48,806 (Weekly Pivot Resistance)

Stop Loss: 🚫 49,017 (Resistance 2)

Take Profit 1: 🏁 48,328 (Fib 61.8%)

Take Profit 2: 🏁 47,841 (Swing Low)

Rationale: Strong resistance confluence at 48,806 (weekly pivot + descending trendline) amid bearish MACD momentum

Trade Idea 2: Intraday Buy

Entry: 🎯 48,465 (Weekly Pivot Support)

Stop Loss: 🚫 47,841 (Swing Low)

Take Profit 1: 🏁 48,806 (Resistance 1)

Take Profit 2: 🏁 49,017 (Mid-Term Barrier)

Rationale: Support at 48,465 aligns with 100-WMA and oversold RSI conditions, suggesting potential rebound

Strategic Insights & Risk Management 🔥

Bearish Catalyst: Sustained trading below 48,413 DCMP risks retesting 47,841 (2025 low)

Bullish Reversal Signal: Break above 49,017 needed to invalidate downtrend

Fundamental Driver: Monitor HDFC/ICICI Bank performance for directional cues

Technical Tools in Focus 🔧

Price Channels: Descending channel from 50,641 signals bearish bias

Volume Profile: High liquidity near 48,806 increases volatility risks.

Elliott Wave: Potential Wave C extension if 47,841 breaks

Final Note: Focus on 47,841-49,017 range for breakout confirmation. Neutral bias prevails until decisive break above/below DCMP