📈 BankNifty-NSE INDEX Daily Analysis Based on Main Key Levels – April 15, 2025

Current Market Price:

52,317

🗝️ Critical Price Zones

Below Price (Demand Cluster):

Immediate Support: 52,091 🔻

Strategic Floor: 50,960 ⚠️

Swing Low: 47,702 📉

Above Price (Supply Cluster):

First Resistance: 52,531 🔺

Key Barrier: 53,379 ⛔

Swing High: 50,641 📈

📊 Technical Drivers

1. Fibonacci Confluence

Bull Scenario: 52,091 aligns with 61.8% retracement of the rally from 47,702→50,641.

Bear Scenario: 52,531 matches 127% extension of the recent consolidation phase.

2. Momentum Indicators

RSI: Bullish divergence detected on 4H chart (price lows vs. rising momentum).

MACD: Signal line crossover above zero hints at short-term bullish momentum.

💡 Intraday Trade Setups

Long Opportunity 🟢 (Intraday Buy)

Entry: 52,091 📍

Stop Loss: 50,960 🛑

Take Profit 1: 52,531 🎯

Take Profit 2: 53,379 🚀

Rationale:

Strong institutional bid cluster at 52,091 (38.2% Fib zone).

Bullish hammer candlestick formation on 1H timeframe.

Short Opportunity 🔴 (Intraday Sell)

Entry: 52,531 📍

Stop Loss: 53,379 🛑

Take Profit 1: 52,091 🎯

Take Profit 2: 51,193 🚀

Rationale:

Resistance confluence at 52,531–53,379 aligns with derivatives-led selling pressure.

Bearish volume spike during morning session retests.

📉 Risk Management Protocol

Trail stops to entry price after TP1 achievement.

Monitor RBI policy announcements (10:00 IST) for volatility triggers.

🔍 Market Perspective

BankNifty consolidates between 52,091–52,531. Prioritize fade strategies at range boundaries with 1:2.5 risk-reward ratios. A decisive break above 53,379 or below 50,960 would confirm directional bias.

🔑 Key Takeaways:

Pivotal battle at 52,091–52,531 dictates near-term trajectory

RSI divergence signals potential momentum shift

Macro catalysts (earnings season/FII flows) may amplify volatility