Supply & Retested Demand Zone in Play!

May 21

🟣 Bank Nifty Index – Supply & Retested Demand Zone in Play! | 15-Min Chart Breakdown
📅 Date: May 21, 2025 | 🕒 Timeframe: 15-Minute

Hello Traders 👋

Today's Bank Nifty chart presents a textbook scenario of supply rejection and demand zone defense. These key zones could drive the next directional move, especially as price hovers in a narrow intraday range after sharp volatility earlier in the session.

🔲 Possible Supply Zone: 55,599 – 55,676.50
This zone formed after a strong rally got rejected with aggressive selling. The wick rejections and follow-up red candles confirm the presence of institutional sellers. If price revisits this level, look for shorting opportunities only with confirmation like bearish engulfing or volume spike.

🔲 Re-Tested Demand Zone: 54,599.55 – 54,442.30
A powerful base that sparked a strong reversal rally. The demand zone was successfully retested on May 21 with clear buying interest. Buyers defended this zone again, forming a bullish rejection wick on rising volume – indicating accumulation.

📊 Volume Context:
✅ Spike in volume seen during the bounce from the demand zone – bullish strength confirmed.
✅ Low volume chop as price consolidates near 55,000 – suggests a bigger move is brewing.
📌 Watch for a volume breakout above 3.5M to validate any directional move.

🧠 What Should Traders Watch For?

Short Trade Setup near 55,600–55,675: Look for rejection candles + selling volume.

Long Trade Setup near 54,600–54,450: Wait for bullish confirmation + rising volume.

Avoid entering mid-range without confirmation – it’s a trap zone.

Respect the supply and demand boundaries – this is a range-to-breakout transition phase.

📌 Note: Supply and demand zones are not magic levels—they are high-probability areas where past buyer/seller action can repeat. Combine with price action and volume for precision entries.

💬 Drop your thoughts, questions, or your zone levels below. Follow for more real-time chart education and actionable breakdowns!

May 22

Trade active

Entry from Demand zone - approx 400 point move in spot - now holding the trade with trailing stop loss below 54800