📊 Bank Nifty – Market Structure Analysis
🕓 4H Timeframe (Macro Bias):
The market continues to hold a bearish structure with clear lower highs and lower lows.
Price respected the higher timeframe demand zone at 54,950–55,200 with a sharp bullish reaction.
Currently approaching the previous demand turned resistance zone at 55,800–56,000.
A BOS (break of structure) above 56,000 on 4H close is required to shift the higher timeframe bias.
📌 Bias: Bearish until BOS above 56,000 is confirmed. Current move is a relief rally within a downtrend.
🕐 1H Timeframe (Mid-Term Structure):
A minor market structure shift (MSS) has been confirmed after breaking intraday LHs.
However, we are still within a lower high zone, and price is fast approaching a strong supply area at 56,000–56,200.
Strong impulsive move from 55,000 shows momentum, but price is now entering resistance.
📌 Bias: Neutral to bearish unless price breaks and sustains above 56,200. Avoid fresh longs here; wait for pullback.
🕒 15m Timeframe (Intraday Price Action):
A clean bullish move started from the 55,000 demand sweep.
FVG (fair value gap) and OB (order block) left behind at 55,200–55,300, making it an ideal pullback zone.
No weakness shown yet, but intraday price is overextended, so avoid chasing highs.
📌 Bias: Bullish retracement expected. Avoid longs at CMP. Wait for price to revisit OB/FVG zone for fresh entries.
🎯 Trade Plan for 8th August (Bank Nifty)
🔼 Long Setup:
Only if price pulls back to 55,200–55,300 and gives a bullish reversal (engulfing or bullish OB).
Entry: Near 55,200 zone
Stop Loss: Below 55,100
Targets:
T1: 55,800 (intraday supply)
T2: 56,000 (upper edge of resistance)
🔻 Short Setup:
Watch 56,000–56,200 zone carefully. If price rejects with a strong bearish candle:
Entry: Near 56,100
Stop Loss: Above 56,300
Targets:
T1: 55,500
T2: 55,300 (if momentum continues)
🚫 No-Trade Zone (Avoid Inside This Box):
55,400–55,600: Mid-range zone between supply and demand.
Choppy zone with no clear structure.
Avoid initiating trades inside this range — wait for a breakout or rejection.
🕓 4H Timeframe (Macro Bias):
The market continues to hold a bearish structure with clear lower highs and lower lows.
Price respected the higher timeframe demand zone at 54,950–55,200 with a sharp bullish reaction.
Currently approaching the previous demand turned resistance zone at 55,800–56,000.
A BOS (break of structure) above 56,000 on 4H close is required to shift the higher timeframe bias.
📌 Bias: Bearish until BOS above 56,000 is confirmed. Current move is a relief rally within a downtrend.
🕐 1H Timeframe (Mid-Term Structure):
A minor market structure shift (MSS) has been confirmed after breaking intraday LHs.
However, we are still within a lower high zone, and price is fast approaching a strong supply area at 56,000–56,200.
Strong impulsive move from 55,000 shows momentum, but price is now entering resistance.
📌 Bias: Neutral to bearish unless price breaks and sustains above 56,200. Avoid fresh longs here; wait for pullback.
🕒 15m Timeframe (Intraday Price Action):
A clean bullish move started from the 55,000 demand sweep.
FVG (fair value gap) and OB (order block) left behind at 55,200–55,300, making it an ideal pullback zone.
No weakness shown yet, but intraday price is overextended, so avoid chasing highs.
📌 Bias: Bullish retracement expected. Avoid longs at CMP. Wait for price to revisit OB/FVG zone for fresh entries.
🎯 Trade Plan for 8th August (Bank Nifty)
🔼 Long Setup:
Only if price pulls back to 55,200–55,300 and gives a bullish reversal (engulfing or bullish OB).
Entry: Near 55,200 zone
Stop Loss: Below 55,100
Targets:
T1: 55,800 (intraday supply)
T2: 56,000 (upper edge of resistance)
🔻 Short Setup:
Watch 56,000–56,200 zone carefully. If price rejects with a strong bearish candle:
Entry: Near 56,100
Stop Loss: Above 56,300
Targets:
T1: 55,500
T2: 55,300 (if momentum continues)
🚫 No-Trade Zone (Avoid Inside This Box):
55,400–55,600: Mid-range zone between supply and demand.
Choppy zone with no clear structure.
Avoid initiating trades inside this range — wait for a breakout or rejection.
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.