📊 BankNifty-NSE INDEX 13th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 49,340

Below DCMP = Support | Above DCMP = Resistance

Key Levels Summary 🔑

Support & Resistance

Resistance (Sell Zones):

• Immediate Resistance: 49,902 🚨 | Strong Resistance: 50,273

• Critical Swing High: 49,650

Support (Buy Zones):

• Immediate Support: 49,239 | Strong Support: 48,935

• Critical Swing Low: 47,844

Technical Analysis Breakdown 🔍

Fibonacci Retracement:

• Price consolidating near DCMP (49,340). Break above 49,902 targets 50,273, while a drop below 49,239 risks 48,935.

RSI & MACD:

• RSI at 58 (neutral momentum).

• MACD histogram flattens near zero, indicating indecision.

Intraday Trade Setups 💡

1️⃣ Intraday Buy Trade

• Entry: 49,239 🟢 (Key Support Zone)

• Stop Loss: 48,935 🔴

• Take Profit 1: 49,650 🟡 | Take Profit 2: 49,902 🎯

Rationale: Strong support at 49,239 aligns with Fib levels. Upside targets swing high and resistance.

2️⃣ Intraday Sell Trade

• Entry: 49,902 🔴 (Critical Resistance)

• Stop Loss: 50,273 🛑

• Take Profit 1: 49,340 🟡 | Take Profit 2: 48,935 🎯

Rationale: Resistance at 49,902 likely to trigger reversals. Downside targets align with Fib support.

Risk Management ⚠️

• Maintain a 1:3 risk-reward ratio.

• Monitor 4H closing prices for trend confirmation.

Note: BankNifty shows consolidation near DCMP; trade reversals at key levels with strict stops.

📉 Final Takeaway: Focus on 49,239 (buy) and 49,902 (sell). Align stops with swing levels (50,273 / 48,935) for optimal risk control.