📊 BankNifty-NSE INDEX 27th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 48,865 🎯

Key Levels Relative to DCMP

Support (Below DCMP):

▶️ Immediate Support: 48,623 🟢 (Intraday Buy)

▶️ Strong Support: 48,363 🛑

▶️ Critical Support: 47,942

Resistance (Above DCMP):

▶️ Immediate Resistance: 49,045 🔴 (Intraday Sell)

▶️ Strong Resistance: 49,466 🚩

▶️ Critical Resistance: 50,147

Technical Analysis Snapshot 🔍

• Fibonacci Levels: Price consolidates near the 50% Fib retracement (48,623–49,045), indicating a decisive breakout zone.

• RSI Divergence: Neutral RSI (14) at 52 reflects balanced buying/selling pressure.

• MACD Crossover: Bearish histogram expansion on 4H charts signals short-term downside momentum.

Intraday Trade Setups 💡

Trade Idea 1: Intraday Buy

• Entry Price: 48,623 🟢

• Stop Loss: 48,363 🔴

• Take Profit 1: 48,868 🟡

• Take Profit 2: 49,045 🟡

Rationale: Alignment with Fib 50% retracement and bullish hammer patterns on lower timeframes. Rising volume near support reinforces buying interest.

Trade Idea 2: Intraday Sell

• Entry Price: 49,045 🔴

• Stop Loss: 49,466 🟢

• Take Profit 1: 48,623 🟡

• Take Profit 2: 48,363 🟡

Rationale: Resistance confluence at Fib 23.6% extension. Bearish divergence on 1H charts and MACD line crossover confirm selling pressure.

Critical Notes ⚠️

• Swing High/Low: Daily Swing High at 50,641, Swing Low at 48,528.

• Risk Management: Use trailing stops to manage volatility-driven reversals.

• Confirmation: Validate trades with closing breaks beyond 48,623/49,045.

• Pro Tip: Combine Bollinger Band squeezes with volume analysis for high-conviction entries! 📉🏦