📈 BankNifty-NSE INDEX 24th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

• 49,569

• 49,569

Key Levels Relative to DCMP:

• Support (Below 49,569): 49,466, 48,623, 48,363

• Resistance (Above 49,569): 49,726, 50,147, 50,641

📊 Technical Snapshot

Critical Swing Levels:

• Swing High: 50,641 | Swing Low: 48,525

• Fibonacci Retracement: Aligns with 48,525–50,641 range.

• RSI: Neutral at 54 on 4H chart.

• MACD: Bearish momentum weakening near support zones.

🚨 Trade Setups

1️⃣ Intraday Buy Opportunity

• Entry Price: 🎯 49,466

• Stop Loss: 🛑 48,623

• Take Profit 1: ✅ 49,569

• Take Profit 2: ✅ 49,726

Rationale: Strong support at 49,466 with bullish RSI divergence on lower timeframes.

2️⃣ Intraday Sell Opportunity

• Entry Price: 🎯 49,726

• Stop Loss: 🛑 50,147

• Take Profit 1: ✅ 49,569

• Take Profit 2: ✅ 49,046

Rationale: Resistance cluster at 49,726 aligns with bearish MACD crossover.

⚠️ Critical Risk Zones

• Break Below 48,623: Accelerates decline toward 48,363.

• Break Above 50,147: Opens path to retest 50,641 resistance.

Pro Tip: Watch price action at 49,569 DCMP for intraday bias confirmation. Tight risk management is key in volatile index trading! 💡