BankNifty-NSE INDEX 12th March 2025 Daily Analysis Based on Main Key Levels 📊

Daily Current Market Price (DCMP): 47,895

BankNifty consolidates below resistance at 48,011 and above support at 47,776. Key swing levels at 50,641 (high) and 47,841 (low) define near-term price boundaries.

Key Levels & Technical Snapshot 🎯

🟢 Support Zones

Immediate Support: 47,776 🎯 (Intraday Buy Trigger)

Stronger Support: 47,394

Swing Low (Daily/4H): 47,841

🔴 Resistance Zones

Critical Resistance: 48,011 🎯 (Intraday Sell Trigger)

Upper Resistance: 48,773

Swing High (Daily/4H): 50,641

📈 Technical Indicators

RSI: Neutral at 52, no divergence observed.

MACD: Bearish momentum near 47,737 pivot zone; crossover potential at 47,776.

Fibonacci: 47,776 aligns with 38.2% retracement; 48,011 matches 61.8% extension.

Trade Setups 💼

1️⃣ Intraday Buy Trade

Entry: 🎯 47,776

Stop Loss: 🚫 47,394

Take Profit 1: ✅ 47,737

Take Profit 2: ✅ 48,392

Rationale:

47,776 converges with Fibonacci retracement and swing low at 47,841.

MACD reversal potential near 47,737 strengthens upside bias.

2️⃣ Intraday Sell Trade

Entry: 🎯 48,011

Stop Loss: 🚫 48,773

Take Profit 1: ✅ 47,737

Take Profit 2: ✅ 47,394

Rationale:

48,011 resistance aligns with Fibonacci extension and swing high at 50,641.

RSI neutrality suggests limited bullish follow-through.

Final Outlook 🔍

BankNifty’s equilibrium near 47,895 reflects consolidation. Intraday trades at 47,776 (buy) and 48,011 (sell) offer strategic entries. Monitor MACD for trend confirmation.

🔔 Critical Watch: A sustained break above 48,773 may signal bullish reversal, while failure below 47,394 could accelerate downside pressure.