📉 BankNifty-NSE INDEX 19th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 49,702

Key Levels:

Resistance (Above DCMP): 50,641 🚨

Support (Below DCMP): 47,841 🛡️

Swing High: 50,641

Swing Low: 47,841

Fib Retracement: Price consolidates near the 38.2% retracement level (48,463–49,017), indicating a potential breakout zone.

RSI: Neutral at 54 on 4H charts, with bullish momentum building on lower timeframes.

MACD: Bullish crossover confirmed on daily charts, though histogram bars show weakening momentum.

Entry: 49,017 📍 (Weekly Pivot Support)

Stop Loss: 48,120 🛑 (Below Key Support Zone)

Take Profit 1: 49,702 🎯 (DCMP Retest)

Take Profit 2: 50,000 🎯 (Psychological Resistance)

Strong alignment of weekly pivot support (49,017) and Fib retracement.

Bullish divergence on RSI (15M timeframe) supports upside potential.

Bullish Trigger: Sustained close above 49,702 could target 50,641 (Swing High).

Bearish Risk: Breakdown below 48,463 may accelerate selling toward 47,841 (Swing Low).

Bollinger Bands: Price trades near the upper band (49,885), signaling overbought conditions.

Volume Profile: Thin liquidity near 49,000–49,500 increases volatility risks.

ADR (Average Daily Range): 2.1% suggests high intraday momentum.

BankNifty faces immediate resistance at 50,641 (Swing High) and critical support at 47,841 (Swing Low). Traders should:

Buy Dips toward 49,017 with stops below 48,120.

Avoid aggressive sells until price decisively breaks below 48,463.

⚠️ Key Insight: DCMP (49,702) acts as a pivot – holding above this level favors bullish bias, while failure may trigger profit-booking.