📊 BankNifty-NSE INDEX 4th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 50,137

Index consolidates near 50,137, testing critical technical boundaries

Critical Price Zones 🔍

Below DCMP Support:

✅ 49,947 (Immediate Demand Zone)

✅ 47,844 (Swing Low Anchor)

Above DCMP Resistance:

⛔ 50,458 (Near-Term Supply Zone)

⛔ 49,650 (Swing High Ceiling)

Swing Levels Alert 📌

Swing High: 49,650 (Daily Resistance)

Swing Low: 47,844 (4H Support Base)

Technical Snapshot 📉

Fibonacci Retracement active between 47,844–49,650 range

RSI at 56.2 signals neutral-to-bullish momentum

MACD histogram flattens near zero, indicating consolidation

Trade Setups 💼

Intraday Buy Opportunity 🟢

Entry: 🎯 49,947 (Key Support Cluster)

Stop Loss: 🚫 48,293 (Below Critical Support)

Take Profit 1: 🏁 50,458 (Immediate Resistance)

Take Profit 2: 🏁 51,285 (Mid-Term Target)

Intraday Sell Opportunity 🔴

Entry: 🎯 50,458 (Resistance Zone)

Stop Loss: 🚫 51,285 (Above Swing High)

Take Profit 1: 🏁 49,947 (Core Support)

Take Profit 2: 🏁 48,874 (Mid-Term Objective)

Risk Management ⚠️

Maintain 1:2 risk-reward ratio for asymmetric returns

Monitor RBI policy decisions and banking sector results

Track Nifty 50 correlation for broader market cues

Price action hinges on 50,137. Sustained break above 50,458 may trigger bullish momentum, while failure at 49,947 risks declines toward 48,874.

Liquidity Note: Focus on pre-market (09:00–09:15 IST) and expiry-day volatility. Global bond yield fluctuations may override technical patterns.