📈 BankNifty-NSE INDEX 10th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 48,495

Resistance above | Support below

🔥 Critical Price Architecture

Immediate Resistance: 48,655 → 48,773 🚨 (Options-Driven Barrier)

Strategic Resistance: 50,641 (Swing High Anchor)

Immediate Support: 48,392 → 48,105 🛡️

Swing Low: 47,841 (Multi-Week Demand Zone)

📊 Technical Framework

Fibonacci Dynamics:

61.8% retracement at 48,105 aligns with institutional accumulation zone 📊

127% extension at 48,871 coincides with futures contract rollover liquidity 🎯

Momentum Signals:

RSI: Neutral at 54 with bullish divergence on 4H chart ⚡

MACD: Bearish crossover persists but histogram shows weakening momentum 📉

Structural Context:

Price consolidates between 48,392 (WS2) and 48,773 (WR1) 🔄

Sustained close above 48,871 invalidates bearish structure, targeting 49,390 🚀

💼 Intraday Trade Setups

🟢 Intraday Buy Trade

Entry: 48,392 🎯 (Pivot + Trendline Confluence)

Stop Loss: 47,841 ⛔ (Below Swing Low)

Take Profit 1: 48,773 ✅ (Immediate Resistance Flip)

Take Profit 2: 49,009 ✅ (Liquidation Trigger Zone)

Rationale:

Bullish order block identified at 48,392 via volume profile analysis 📈

Hidden bullish divergence on stochastic oscillator (4H timeframe) 🔍

🔴 Intraday Sell Trade

Entry: 48,773 🎯 (Multi-Session Resistance Cluster)

Stop Loss: 49,009 ⛔ (Above WR2)

Take Profit 1: 48,105 ✅ (Fib Support Zone)

Take Profit 2: 47,776 ✅ (Swing Low Retest)

Rationale:

Bearish fair value gap between 48,773-48,871 on market profile 📉

Bearish engulfing pattern forms at resistance with rising put/call ratio 📛

⚠️ Risk Protocol

Position sizing: ≤1.5% capital risk per trade 📉

Trail stop to breakeven at TP1 achievement 🔐

Avoid trading during RBI policy announcements (March 12-14) 🕒

🌍 Fundamental Catalyst

BankNifty balances RBI rate decision risks against strong corporate earnings. Break above 48,871 eyes 49,390, while breakdown below 48,105 targets 47,841. Monitor March 12 inflation data.

Note: 48,655 resistance aligns with max pain level in weekly options.

Technical Toolkit:

Fibonacci retracement/extension cluster analysis

Volume-weighted price zones (VWAP)

Institutional order flow mapping (FII activity)

Ichimoku cloud alignment (4H/Daily)

Trade Discipline: Confirm with real-time options chain data before execution. 🎯