Banknifty Market Structure Analysis & Trade Plan :14th August

📊 Bank Nifty Market Structure Analysis

4H Timeframe

Trend: Still respecting the broader downtrend channel.

Support Zone: 55,000–54,950 has been tested multiple times and is holding for now.

Demand Zone Below: Strong demand visible at 54,450–54,600.

Resistance Levels:

Immediate: 55,400–55,450 (local supply & channel top)

Above: 55,800–55,850 and 56,350–56,400 (major supply zones)

A breakout and close above 55,450 on 4H could lead to a test of higher supply.

1H Timeframe

Price is consolidating between 55,000 support and 55,400 resistance.

Slight bullish momentum since lows of 54,950, but rejection wicks visible at supply.

If price sustains above 55,200–55,250, short-term bias turns bullish targeting 55,450–55,500.

Below 55,000, selling pressure could increase towards 54,600.

15M Timeframe

Structure is sideways with minor bullish bias after recent bounce.

Minor intraday FVG near 55,150–55,180 could be retested.

Watch for rejection around 55,380–55,400 for short scalp setups.

🎯 Trade Plan for 14th Aug (Bank Nifty)

🔼 Long Setup (Preferred if 55,000 holds)

Entry: Retest of 55,150–55,180 with bullish reversal candle.

Stop Loss: Below 55,000.

Targets:

T1: 55,380–55,400 (intraday supply)

T2: 55,800–55,850 (liquidity sweep zone).

🔻 Short Setup (If rejection at 55,380–55,400)

Entry: Bearish rejection from OB / supply zone.

Stop Loss: Above 55,450.

Targets:

T1: 55,150

T2: 54,600 (major demand zone).

⛔ No-Trade Zones

Between 55,150–55,250 if price consolidates.

Inside 54,950–55,050 until a clean breakout — choppy action likely.