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Neom Financial Academy

📈 BankNifty-NSE INDEX Daily Analysis based on Main Key Levels - [2025-04-22]

  • Kiran Kumar Alla
  • Apr 22
  • 1 min read

Daily Current Market Price (DCMP): 55,727


🔑 Critical Price Structure


Below DCMP (Support Zone)


  • Immediate Support: 55,092 🛡️

  • Strong Support: 54,492 → 53,520 (Multi-level zone)

  • Swing Low: 47,702 (Daily Timeframe)


Above DCMP (Resistance Zone)


  • Immediate Resistance: 56,064 🚀

  • Upper Resistance: 56,064 (Key swing high)

  • Swing High: 50,641 (Daily Timeframe)


📊 Technical Landscape


  • RSI: Neutral at 51 (No divergence detected)

  • MACD: Flat near signal line (Neutral momentum)

  • Price Action: Testing 55,727 after rejection at 56,064


Here’s the mind map summarizing the key points from your BankNifty market analysis

💡 Trade Setups


1️⃣ Intraday Buy Trade Idea


  • Entry: 55,092 🎯 (Confluence support)

  • Stop Loss: 54,492 🚫 (Below recent swing low)

  • Take Profit 1: 56,064 ✅ (Nearest resistance)

  • Take Profit 2: 56,500 ✅ (Psychological level)


2️⃣ Intraday Sell Trade Idea


  • Entry: 56,064 🎯 (Resistance retest)

  • Stop Loss: 56,500 🚫 (Above swing high)

  • Take Profit 1: 55,092 ✅ (Immediate support)

  • Take Profit 2: 54,492 ✅ (Stronger support)


🌐 Market Perspective


BankNifty consolidates near 55,727 with 55,092-56,064 forming immediate range. Break above 56,064 eyes 56,500, while loss of 55,092 may trigger move toward 54,492.


  • Bullish Catalyst: Sustained close above 56,064

  • Bearish Risk: Breakdown below 55,092

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