Nifty Market Structure & Trade Plan 1st August

🔎 Market Structure Overview

4H Timeframe

Price rejected sharply from the 24,940–24,960 resistance zone (FVG + Supply).

Current close around 24,765, showing a rejection candle.

Key support demand zone at 24,650–24,680 remains untested after today’s fall.

Bias: Bearish-to-neutral, unless price sustains above 24,900.

1H Timeframe

Clean rejection from the supply zone 24,930–24,960.

A fresh FVG created near 24,820–24,860; watch if it acts as resistance on retest.

Liquidity sweep visible above 24,920, indicating potential reversal confirmation.

Structure suggests lower high formation underway.

15M Timeframe

Intraday price action shows:

BOS (Break of Structure) on the downside after liquidity grab.

Immediate support zone around 24,680–24,700.

Resistance has shifted lower into the 24,820–24,860 band.

📌 Key Levels to Watch

Resistance Zones

24,930–24,960 → Strong supply / shorting area

25,050–25,100 → Next FVG resistance if 24,960 breaks

Support Zones

24,680–24,700 → Immediate support

24,460–24,500 → Major demand zone (next swing support)

📝 Trade Plan (1st August)

🔻 Bearish Scenario (High Probability)

Sell on retest of 24,820–24,860 zone

Entry: 24,830–24,850

SL: Above 24,960

Targets: 24,700 → 24,500

🔼 Bullish Contingency (Only if breakout above 24,960 holds)

Buy above 24,960 with retest confirmation

Entry: 24,970–25,000

SL: 24,860

Targets: 25,100 → 25,220

📍 Bias

Short-term bias: Bearish (unless 24,960 is reclaimed)

Preferred setups: Sell on pullback into resistance