📈 BankNifty-NSE INDEX 26th February 2025 Daily Analysis: Critical Zones & Trade Setups

Daily Current Market Price (DCMP): 48,608

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

🔑 Key Levels

Support Below DCMP:

• S1: 48,363 📍 | S2: 48,272

Resistance Above DCMP:

• R1: 48,623 📍 | R2: 48,849

📉 Technical Snapshot

• RSI: 51 (Neutral Zone) | MACD: Bullish crossover fading near zero line.

• Fib Level: S1 (48,363) aligns with 50% retracement of recent swing.

💼 Trade Setups

🟢 Intraday Buy Setup

• Entry: 48,363 📍 (Support Zone + Swing Low Cluster)

• Stop Loss: 48,272 🚫

• Take Profit 1: 48,623 ✅ | Take Profit 2: 48,849 🎯

Confirmation:

Bullish hammer candlestick at S1 with rising volume.

🔴 Intraday Sell Setup

• Entry: 48,623 📍 (Resistance Zone + Institutional Sell Zone)

• Stop Loss: 48,849 🚫

• Take Profit 1: 48,363 ✅ | Take Profit 2: 48,272 🎯

Confirmation:

Bearish divergence on RSI (4H) with overbought signals.

🎯 Conclusion

Trade range-bound strategies between 48,363 (S1) and 48,623 (R1). Monitor RBI policy cues and global risk sentiment.

✨ Pro Tip: Use Fib extension (161.8% at 49,466) for aggressive upside targets!

📌 Key Takeaways:

Strong support at 48,363 (Fib + swing low convergence).

Resistance at 48,623 aligns with descending trendline.

MACD histogram weakens, suggesting fading bullish momentum.