Nifty Bank Index forum
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BANKNIFTY BankNifty Intraday Trade Setups
๐ข Intraday Buy Trade Setup
๐ Entry: ๐ฏ48,026 (Strong confluence of 61.8% Fib retracement + Daily Support Zone)
๐ Stop Loss: ๐ป47,850 (-176 pts | Below Swing Low)
๐ฏ Take Profit 1: ๐ฐ48,300 (+274 pts | 38.2% Fib Extension)
๐ฏ Take Profit 2: ๐ฐ48,540 (+514 pts | Daily Resistance Breakout)
Reason: Price rebounding from critical demand cluster with bullish RSI divergence.
๐ด Intraday Sell Trade Setup
๐ Entry: ๐ฏ48,143 (Rejection at 78.6% Fib Resistance + Supply Zone)
๐ Stop Loss: ๐ป48,320 (+177 pts | Above Swing High)
๐ฏ Take Profit 1: ๐ฐ47,920 (-223 pts | 50% Fib Retracement)
๐ฏ Take Profit 2: ๐ฐ47,750 (-393 pts | Daily Swing Low Target)
Reason: Bearish reversal pattern at key supply zone with MACD histogram contraction.
BANKNIFTY ๐ BankNifty-NSE INDEX 3rd March 2025 Daily Analysis Based on Main Key Levels
Daily Current Market Price (DCMP):
48,163
Immediate support below | Critical resistance above
๐ Critical Price Zones
Support (Below 48,163):
โ 48,123 (Key Demand Cluster)
โ 47,912 (Fibonacci 61.8% Retracement)
โ 47,571 (Structural Swing Low)
Resistance (Above 48,163):
โ๏ธ 48,465 (Immediate Supply Zone)
โ๏ธ 48,806 (4H Chart Resistance)
โ๏ธ 49,359 (Major Swing High)
Swing Levels:
โ๏ธ Swing High: 50,641
โ๏ธ Swing Low: 48,281
๐๐ Technical Snapshot
Fibonacci Framework:
Price consolidates between 48,281 (61.8% retracement) and 50,641 (38.2% extension)
RSI: 52 (Neutral Bias) โ Bullish divergence emerging on lower timeframes
MACD: Histogram crossing above signal line โ Initial bullish momentum
๐ก Intraday Trade Setups
๐ข Intraday Buy Trade Idea
๐ Entry: ๐ฏ48,123 (Confluence of Support & Fib Cluster)
๐ Stop Loss: ๐ป47,912 (-211 points)
๐ฏ Take Profit 1: ๐ฐ48,465 (+342 points)
๐ฏ Take Profit 2: ๐ฐ48,806 (+683 points)
Trigger: Bullish reversal candle + MACD histogram expansion
๐ด Intraday Sell Trade Idea
๐ Entry: ๐ฏ48,465 (Supply Zone Resistance)
๐ Stop Loss: ๐ป48,806 (+341 points)
๐ฏ Take Profit 1: ๐ฐ48,123 (-342 points)
๐ฏ Take Profit 2: ๐ฐ47,912 (-553 points)
Trigger: Bearish rejection at 200EMA + RSI reversal from 58
๐ง Key Market Drivers
Technical Catalyst: 100EMA at 48,163 acting as dynamic equilibrium
Fundamental Watch: RBI policy stance & banking sector results
Volatility Signal: 4H ATR at 428 points (Moderate volatility regime)
๐ Analyst Notes
Breakout Scenario: Sustained close above 48,806 may trigger rally toward 49,359
Critical Support Zone: 47,571-47,912 demand area for trend reversals
Position Sizing: Reduce exposure during FII activity spikes
Disclaimer: Confirm patterns with volume surges for high-probability execution. ๐๐
BANKNIFTY ๐ฆ Bank Nifty Intraday Trade Setups
๐ฝ Intraday Sell Setup
Entry: 48,435 ๐ฏ Key Fibonacci Resistance
Stop Loss: 48,625 ๐ (190 pts risk)
Take Profit 1: 48,210 โ (-225 pts)
Take Profit 2: 48,000 โ (-435 pts)
Reason:
61.8% Fib retracement of 47,800-49,050 swing aligns with 48,435
Bearish divergence on 15-min RSI (14-period)
Volume-weighted resistance at 48,400-48,500 zone
BANKNIFTY ๐ BankNifty-NSE INDEX 28th February 2025 Daily Analysis: Core Price Grid
Current Market Price: ๐ท๏ธ 48,865
๐ฏ Immediate Price Thresholds
Above Price (Resistance):
โค 49,045 ๐จ Breakout Catalyst
โค 49,466 | 50,147
Below Price (Support):
โค 48,623 ๐ก๏ธ Strategic Floor
โค 48,281 | 47,942
Market Structure:
โถ Recent Swing High: 50,641 (Daily timeframe)
โถ Recent Swing Low: 48,281 (Daily timeframe)
โ๏ธ Technical Framework
Fib Confluence: 48,623 aligns with 61.8% retracement of 48,281-50,641 rally
RSI Position: 52.4 (Neutral momentum)
MACD Status: Bullish crossover imminent at histogram's zero-line approach
Volume Profile: Increased selling pressure above 49,000
๐ฏ Intraday Trade Strategies
1๏ธโฃ Buy Opportunity (Demand Cluster)
๐ฏ Entry: 48,623 ๐ผ Liquidity Pool
๐ Stop Loss: 48,281 ๐ป (-342 pts)
โ Take Profit 1: 49,045 ๐ผ (+422 pts)
โ Take Profit 2: 49,466 ๐ผ (+843 pts)
Confirmation: Requires bullish hammer pattern on 30-min chart.
2๏ธโฃ Sell Opportunity (Supply Zone)
๐ฏ Entry: 49,045 ๐ฝ Order Block
๐ Stop Loss: 49,726 ๐ผ (+681 pts)
โ Take Profit 1: 48,563 ๐ฝ (-482 pts)
โ Take Profit 2: 47,942 ๐ฝ (-1,103 pts)
Trigger: Bearish engulfing pattern at resistance.
๐ Strategic Insights
BankNifty battles at 48,623-49,045 pivot zone. Sustained closes below 48,623 may test 47,942 support cluster, while decisive break above 49,045 could fuel short-covering toward 50,147. Monitor RBI policy signals for volatility triggers.
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BANKNIFTY 47500 On cards for todayBANKNIFTY BankNifty Intraday Trade Setups
Trade Idea 1 (Buy Setup)
Entry: 48,668
Stop Loss: 48,550
Take Profit 1: 48,750
Take Profit 2: 48,830
Reason: Entry aligns with daily Fibonacci 38.2% retracement (48,650โ48,680) and strong support from the 20-period EMA confluence.
Trade Idea 2 (Sell Setup)
Entry: 48,793
Stop Loss: 48,900
Take Profit 1: 48,710
Take Profit 2: 48,630
Reason: Price rejection observed near daily Fibonacci 61.8% level (48,780โ48,810) overlapping with a multi-day resistance zone.
BANKNIFTY ๐ BankNifty-NSE INDEX 27th February 2025 Daily Analysis Based on Main Key Levels
Daily Current Market Price (DCMP): 48,865 ๐ฏ
Key Levels Relative to DCMP
Support (Below DCMP):
โถ๏ธ Immediate Support: 48,623 ๐ข (Intraday Buy)
โถ๏ธ Strong Support: 48,363 ๐
โถ๏ธ Critical Support: 47,942
Resistance (Above DCMP):
โถ๏ธ Immediate Resistance: 49,045 ๐ด (Intraday Sell)
โถ๏ธ Strong Resistance: 49,466 ๐ฉ
โถ๏ธ Critical Resistance: 50,147
Technical Analysis Snapshot ๐
Fibonacci Levels: Price consolidates near the 50% Fib retracement (48,623โ49,045), indicating a decisive breakout zone.
RSI Divergence: Neutral RSI (14) at 52 reflects balanced buying/selling pressure.
MACD Crossover: Bearish histogram expansion on 4H charts signals short-term downside momentum.
Intraday Trade Setups ๐ก
Trade Idea 1: Intraday Buy
Entry Price: 48,623 ๐ข
Stop Loss: 48,363 ๐ด
Take Profit 1: 48,868 ๐ก
Take Profit 2: 49,045 ๐ก
Rationale: Alignment with Fib 50% retracement and bullish hammer patterns on lower timeframes. Rising volume near support reinforces buying interest.
Trade Idea 2: Intraday Sell
Entry Price: 49,045 ๐ด
Stop Loss: 49,466 ๐ข
Take Profit 1: 48,623 ๐ก
Take Profit 2: 48,363 ๐ก
Rationale: Resistance confluence at Fib 23.6% extension. Bearish divergence on 1H charts and MACD line crossover confirm selling pressure.
Critical Notes โ ๏ธ
Swing High/Low: Daily Swing High at 50,641, Swing Low at 48,528.
Risk Management: Use trailing stops to manage volatility-driven reversals.
Confirmation: Validate trades with closing breaks beyond 48,623/49,045.
Pro Tip: Combine Bollinger Band squeezes with volume analysis for high-conviction entries! ๐๐ฆ
BANKNIFTY ready for explosive up move