📊 BankNifty-NSE INDEX 3rd March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

48,163

Immediate support below | Critical resistance above

🔑 Critical Price Zones

Support (Below 48,163):

✅ 48,123 (Key Demand Cluster)

✅ 47,912 (Fibonacci 61.8% Retracement)

✅ 47,571 (Structural Swing Low)

Resistance (Above 48,163):

⛔️ 48,465 (Immediate Supply Zone)

⛔️ 48,806 (4H Chart Resistance)

⛔️ 49,359 (Major Swing High)

Swing Levels:

↗️ Swing High: 50,641

↘️ Swing Low: 48,281

📉📈 Technical Snapshot

Fibonacci Framework:

Price consolidates between 48,281 (61.8% retracement) and 50,641 (38.2% extension)

RSI: 52 (Neutral Bias) – Bullish divergence emerging on lower timeframes

MACD: Histogram crossing above signal line → Initial bullish momentum

💡 Intraday Trade Setups

🟢 Intraday Buy Trade Idea

📍 Entry: 🎯48,123 (Confluence of Support & Fib Cluster)

🛑 Stop Loss: 🔻47,912 (-211 points)

🎯 Take Profit 1: 💰48,465 (+342 points)

🎯 Take Profit 2: 💰48,806 (+683 points)

Trigger: Bullish reversal candle + MACD histogram expansion

🔴 Intraday Sell Trade Idea

📍 Entry: 🎯48,465 (Supply Zone Resistance)

🛑 Stop Loss: 🔻48,806 (+341 points)

🎯 Take Profit 1: 💰48,123 (-342 points)

🎯 Take Profit 2: 💰47,912 (-553 points)

Trigger: Bearish rejection at 200EMA + RSI reversal from 58

🧠 Key Market Drivers

Technical Catalyst: 100EMA at 48,163 acting as dynamic equilibrium

Fundamental Watch: RBI policy stance & banking sector results

Volatility Signal: 4H ATR at 428 points (Moderate volatility regime)

📌 Analyst Notes

Breakout Scenario: Sustained close above 48,806 may trigger rally toward 49,359

Critical Support Zone: 47,571-47,912 demand area for trend reversals

Position Sizing: Reduce exposure during FII activity spikes

Disclaimer: Confirm patterns with volume surges for high-probability execution. 🔍📉