📈 BankNifty-NSE INDEX 18th March 2025 Daily Analysis Based on Main Key Levels

Current Market Price (CMP): 49,016

🔑 Immediate Price Context

Above CMP (Resistance):

🚨 Immediate Resistance: 49,017

Breakout Threshold: 48,520

Below CMP (Support):

🛡️ Critical Support: 48,674

Downside Target: 47,778

Swing High/Low (4H/Daily):

Swing High: 50,641

Swing Low: 47,841

🔍 Technical Snapshot

Key Levels: Resistance cluster at 49,017–48,520; Support shelf at 48,674–47,778.

Fibonacci Zones: 47,841–48,674 aligns with 61.8% retracement; 49,017 marks 38.2% extension.

RSI: Neutral at 53 (no divergence observed).

MACD: Flat near zero-line, signaling consolidation.

💡 Trade Idea 1: Intraday Buy Setup

Entry Price: 🟢 48,674

Stop Loss: 🔴 48,463 (below immediate support)

Take Profit 1: 🟡 48,843 (mid-range resistance)

Take Profit 2: 🟢 49,017 (Fib extension zone)

Rationale: Confluence of Fib 61.8% retracement and historical demand zone. Upside targets align with liquidity pools near swing high.

💡 Trade Idea 2: Intraday Sell Setup

Entry Price: 🔴 49,017

Stop Loss: 🟢 49,300 (above resistance shelf)

Take Profit 1: 🟡 48,520 (key support retest)

Take Profit 2: 🔴 47,841 (Swing Low proximity)

Rationale: Resistance retest with bearish order-block alignment. Targets align with Fib-based support tiers.

⚠️ Critical Observations

Breakout Catalyst: Close above 49,017 may trigger momentum toward 50,641.

Risk Threshold: Sustained drop below 48,674 invalidates bullish bias, exposing 47,841.