📈 BankNifty-NSE INDEX 28th February 2025 Daily Analysis: Core Price Grid

Current Market Price: 🏷️ 48,865

🎯 Immediate Price Thresholds

Above Price (Resistance):

➤ 49,045 🚨 Breakout Catalyst

➤ 49,466 | 50,147

Below Price (Support):

➤ 48,623 🛡️ Strategic Floor

➤ 48,281 | 47,942

Market Structure:

▶ Recent Swing High: 50,641 (Daily timeframe)

▶ Recent Swing Low: 48,281 (Daily timeframe)

⚙️ Technical Framework

Fib Confluence: 48,623 aligns with 61.8% retracement of 48,281-50,641 rally

RSI Position: 52.4 (Neutral momentum)

MACD Status: Bullish crossover imminent at histogram's zero-line approach

Volume Profile: Increased selling pressure above 49,000

🎯 Intraday Trade Strategies

1️⃣ Buy Opportunity (Demand Cluster)

🎯 Entry: 48,623 🔼 Liquidity Pool

🛑 Stop Loss: 48,281 🔻 (-342 pts)

✅ Take Profit 1: 49,045 🔼 (+422 pts)

✅ Take Profit 2: 49,466 🔼 (+843 pts)

Confirmation: Requires bullish hammer pattern on 30-min chart.

2️⃣ Sell Opportunity (Supply Zone)

🎯 Entry: 49,045 🔽 Order Block

🛑 Stop Loss: 49,726 🔼 (+681 pts)

✅ Take Profit 1: 48,563 🔽 (-482 pts)

✅ Take Profit 2: 47,942 🔽 (-1,103 pts)

Trigger: Bearish engulfing pattern at resistance.

📌 Strategic Insights

BankNifty battles at 48,623-49,045 pivot zone. Sustained closes below 48,623 may test 47,942 support cluster, while decisive break above 49,045 could fuel short-covering toward 50,147. Monitor RBI policy signals for volatility triggers.