💹📈 BankNifty-NSE INDEX 4th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

48,245

Market Context:

Trading below immediate resistance at 48,465

Holding above critical support at 48,123

🎯 Key Technical Levels

Resistance (Sell Zones):

🔥 48,465 (Intraday Barrier) | 🔥 49,359 (Upper Boundary)

Support (Buy Zones):

🛡️ 48,123 (Demand Zone) | 🛡️ 47,912 (Secondary Base)

Swing Levels:

Recent Swing High: 50,641

Recent Swing Low: 48,281

🔍 Technical Analysis

Price-Fibonacci Confluence:

50% Retracement aligns with 48,123 support

38.2% Extension coincides with 48,465 resistance

Momentum Indicators:

RSI: 54 (neutral with upward bias)

MACD: Bullish crossover imminent on 4H timeframe

💡 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup: Support Rebound Strategy

🎯 Entry: 48,123 (Fib 50% + Order Block)

🚫 Stop Loss: 47,912 (Below Swing Low)

✅ TP1: 48,465 (Immediate Resistance)

✅ TP2: 48,806 (Liquidity Pool)

2️⃣ Intraday Sell Setup: Resistance Rejection Play

🎯 Entry: 48,465 (Confluence: Fib 38.2% + Supply Zone)

🚫 Stop Loss: 49,017 (Above Swing High)

✅ TP1: 48,123 (Key Support)

✅ TP2: 47,571 (Downside Target)

📊 Market Sentiment Outlook

Price consolidates between 48,123-48,465. Break above 48,465 could trigger rally toward 49,359, while failure to hold 48,123 risks test of 47,912.

⚠️ Risk Management Protocol

Event Watch: RBI policy statement (March 5)

Risk Allocation: ≤1.2% per trade

Confirmation Rule: Wait for 4H closing candle beyond entry levels

Execution Signal: MACD histogram reversal confirmation.

Strategic Rationale:

48,123 aligns with Fib 50% retracement and historical support

48,465 converges with multiple technical resistances

Neutral RSI allows room for directional momentum

🔍 Fundamental Driver: Q4 banking sector earnings reports (March 6-8).