📊 BankNifty-NSE Index 14th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 48,855

BankNifty hovers near 48,855, balancing between immediate resistance and critical support zones.

Key Technical Summary 🔍

• Above DCMP (Resistance): 49,239, 49,650, 49,836, 50,050

• Below DCMP (Support): 48,829, 48,411, 47,844, 47,500

• Swing High: 49,650 🚨 | Swing Low: 47,844 🛑

• RSI: Neutral (54), no divergence detected.

• MACD: Bearish crossover fading near the baseline.

Intraday Trade Setups 💡

1️⃣ Intraday Buy Trade Setup

• Entry Price: 48,829 🟢

• Stop Loss: 47,844 🔴

• Take Profit 1: 49,239 🟡

• Take Profit 2: 49,650 🟢

Rationale: Strong support confluence at 48,829 (Fib 61.8% retracement + bullish order block).

2️⃣ Intraday Sell Trade Setup

• Entry Price: 49,239 🔴

• Stop Loss: 49,836 🟡

• Take Profit 1: 48,829 🟢

• Take Profit 2: 48,411 🟢

Rationale: Resistance cluster near 49,239–49,836 signals bearish reversal potential.

Technical Breakdown 📉

Critical Levels:

• Resistance: 49,239 (immediate hurdle), 49,650 (swing high barrier).

• Support: 48,829 (key floor), 47,844 (swing low anchor).

• Fibonacci Levels: 48,411 (38.2% retracement), 47,500 (61.8% extension).

• Price Action: DCMP consolidates between 48,829–49,239; breakout likely to target swing extremes.

Conclusion 🎯

• BankNifty’s intraday bias hinges on 48,829–49,239. Bulls target 49,239–49,650, while bears eye 48,829–48,411. Monitor MACD for momentum shifts.

Disclaimer: Analysis is educational. Validate with live data before trading.

🔔 Pro Tip: Combine volume trends with price action to confirm breakout validity in volatile index markets!