📊 BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels – 7 April 2025

Daily Current Market Price (DCMP): 50,021

Immediate framework:

Below DCMP: Support cluster (47,702–46,633)

Above DCMP: Resistance band (50,227–52,531)

🎯 Critical Zones

Support (Bullish Confluence)

✅ S1: 47,702 (4H swing low + Fib 78.6% retracement)

✅ S2: 46,633 (Multi-week liquidity pool)

Resistance (Bearish Triggers)

❌ R1: 50,227 (38.2% Fib extension + weekly pivot)

❌ R2: 50,641 (Daily swing high)

Swing Levels:

🔺 Daily/4H Swing High: 50,641

🔻 Daily/4H Swing Low: 47,702

🔍 Technical Snapshot

Fib Framework: Price tests 50,227 (R1) as 38.2% extension; 47,702 (S1) aligns with 78.6% retracement

RSI: Bearish divergence on 4H chart at 55

MACD: Histogram turns negative below signal line

💡 Trade Setups

1️⃣ Intraday Sell Trade

🎯 Entry: 🔴 50,227 (Confluence of Fib extension + weekly pivot resistance)

🛑 Stop Loss: 🟢 50,800 (+1.14%)

🎯 Take Profit 1: 🟡 49,500 (-1.45%)

🎯 Take Profit 2: 🔴 48,900 (-2.65%)

Catalyst: Bearish pin bar at swing high + rising VIX

⚠️ Risk Protocol

Position sizing: ≤1% capital allocation

Monitor RBI policy meeting minutes (8 April)

Structural Highlights

✅ Critical Alignment:

50,227 resistance coincides with weekly pivot and Fib 38.2% extension

47,702 support matches 4H swing low and institutional accumulation zone

✅ Momentum Context:

Volume profile shows absorption near 50,000

A/D line confirms distribution above 50,200