📊 Bank Nifty Market Structure Analysis
🔎 Higher Timeframe (4H)
Trend: Clear bearish structure with lower highs and lower lows.
Key Supply Zones:
56,300–56,400: Strong supply zone from previous OB rejection.
55,900–56,000: Minor supply created after last BOS.
Support Zone:
55,150–55,250: Major demand block aligned with liquidity sweep.
Price tapped into 55,300 zone today, showing minor bounce.
🔎 Mid Timeframe (1H)
Price rejected from the green demand zone around 55,300–55,400.
No strong BOS to the upside yet → indicates bounce may be corrective.
Liquidity remains uncollected below 55,150, increasing risk of further downside.
🔎 Lower Timeframe (15M)
Attempted bounce with small bullish candles.
Price consolidating inside the 55,300–55,500 band.
No strong follow-up volume from buyers → looks like a pause before next leg.
📌 Trade Plan for 6th August (Bank Nifty)
🎯 Bias: Bearish to Neutral
Until a confirmed BOS above 55,900, the trend remains bearish.
🔻 Short Setup
Entry Zone: 55,550–55,650 (retest of intraday supply).
Stop Loss: Above 55,700.
Targets:
T1: 55,200
T2: 55,000 (extension into liquidity zone).
🔼 Long Setup (Counter-Trend, Risky)
Only if price retests 55,150–55,200 and shows bullish reversal candle.
Entry: Near 55,200 demand zone.
Stop Loss: Below 55,100.
Targets:
T1: 55,550
T2: 55,850.
⚠️ No-Trade Zone
Between 55,350–55,500 (current consolidation band).
Avoid entering here → wait for breakout confirmation.
✅ Summary:
For tomorrow, best trade is short from supply zone near 55,600 for continuation to 55,200–55,000. Longs only if we see a strong reversal wick from 55,150.
🔎 Higher Timeframe (4H)
Trend: Clear bearish structure with lower highs and lower lows.
Key Supply Zones:
56,300–56,400: Strong supply zone from previous OB rejection.
55,900–56,000: Minor supply created after last BOS.
Support Zone:
55,150–55,250: Major demand block aligned with liquidity sweep.
Price tapped into 55,300 zone today, showing minor bounce.
🔎 Mid Timeframe (1H)
Price rejected from the green demand zone around 55,300–55,400.
No strong BOS to the upside yet → indicates bounce may be corrective.
Liquidity remains uncollected below 55,150, increasing risk of further downside.
🔎 Lower Timeframe (15M)
Attempted bounce with small bullish candles.
Price consolidating inside the 55,300–55,500 band.
No strong follow-up volume from buyers → looks like a pause before next leg.
📌 Trade Plan for 6th August (Bank Nifty)
🎯 Bias: Bearish to Neutral
Until a confirmed BOS above 55,900, the trend remains bearish.
🔻 Short Setup
Entry Zone: 55,550–55,650 (retest of intraday supply).
Stop Loss: Above 55,700.
Targets:
T1: 55,200
T2: 55,000 (extension into liquidity zone).
🔼 Long Setup (Counter-Trend, Risky)
Only if price retests 55,150–55,200 and shows bullish reversal candle.
Entry: Near 55,200 demand zone.
Stop Loss: Below 55,100.
Targets:
T1: 55,550
T2: 55,850.
⚠️ No-Trade Zone
Between 55,350–55,500 (current consolidation band).
Avoid entering here → wait for breakout confirmation.
✅ Summary:
For tomorrow, best trade is short from supply zone near 55,600 for continuation to 55,200–55,000. Longs only if we see a strong reversal wick from 55,150.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.