📈 BankNifty-NSE INDEX 13th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 48,197

Critical Price Zones

Above DCMP (Resistance):

Immediate Resistance: 48,393 🚩

Major Resistance: 49,390 🚩

Swing High: 50,641

Below DCMP (Support):

Immediate Support: 48,011 🚩

Major Support: 47,841 🚩

Swing Low: 47,841

Technical Analysis Snapshot 🔍

Fibonacci Levels:

61.8% retracement aligns with resistance at 49,390; 38.2% supports at 47,841.

RSI Divergence:

RSI (52) neutral but shows bearish divergence near resistance cluster.

MACD Crossover:

Bearish histogram below the signal line confirms short-term downside momentum.

Intraday Trade Setups ⚡

Trade Idea 1: Intraday Buy

Entry: 48,011 📍

Stop Loss: 47,776 🔴

Take Profit 1: 48,297 🟢

Take Profit 2: 48,641 🟢

Rationale: Confluence at Fib support (47,841) and key weekly pivot level (48,011).

Trade Idea 2: Intraday Sell

Entry: 48,393 📍

Stop Loss: 49,009 🔴

Take Profit 1: 48,041 🟢

Take Profit 2: 47,841 🟢

Rationale: Resistance cluster at 48,393-49,390 aligns with MACD bearish momentum.

Strategic Outlook 🔭

BankNifty consolidates near DCMP (48,197) with a neutral-to-bearish bias due to:

Resistance pressure at 48,393-49,390 zone

MACD trending below zero line

RSI divergence near recent swing high

Key Action Zones:

Bullish Scenario: Break above 49,390 targets 50,641.

Bearish Scenario: Close below 47,841 opens path to 47,394.

⚠️ Risk Note: Monitor RBI policy decisions and global equity market trends.