📊 Nifty 50 – Market Structure Analysis
⏱️ 4H Timeframe
Market Structure: Price printed a strong bullish engulfing candle from the higher demand zone (around 24,370).
Current Status: Still in a lower high - lower low structure, but this strong reversal suggests a potential short-term pullback.
Supply Zones:
24,780–24,900
24,950–25,250
⏱️ 1H Timeframe
Market Structure: Clean BOS (Break of Structure) on the upside. Price has taken out recent highs.
Current Trend: Short-term bullish within a broader downtrend. Approaching supply zone.
Liquidity: Just tapped into old liquidity pockets, creating a reaction-worthy setup.
⏱️ 15-Min Timeframe
Market Structure: Sharp vertical rally from demand without much consolidation. Now entering minor supply around 24,650–24,700.
FVG/OB: Small fair value gaps left below; likely to be filled if price weakens.
📌 Trade Plan for 8th August (Nifty 50)
🎯 Bias: Neutral to Mildly Bullish (as long as 24,430 is protected)
Reversal observed, but continuation depends on how price reacts to the 24,700–24,800 supply zone.
🔻 Short Setup (High Probability if rejection seen at supply)
Entry Zone: 24,720–24,780
Stop Loss: Above 24,820
Targets:
T1: 24,580
T2: 24,480
T3: 24,370 (if full rejection)
🔼 Long Setup (Only on Retest + Bullish Candle)
Entry Zone: 24,500–24,530 (retest of breakout zone)
Stop Loss: Below 24,440
Targets:
T1: 24,700
T2: 24,780
⚠️ Avoid fresh longs if price opens near or inside supply zones without a proper dip.
🚫 No Trade Zones – Nifty 50 (8th August)
These are the zones where:
There is low RR (Risk-Reward)
Price is likely to consolidate or chop
Better to wait for confirmation or breakout
⛔ Zone 1: 24,600 – 24,680
Price has rallied straight into this zone from demand.
Minor supply sits just above, while momentum from the rally may exhaust.
Wait for either:rejection to short,a clean breakout and retest to go long.
⛔ Zone 2: 24,480 – 24,530
This is the midpoint of today’s rally — price could consolidate here.
No clear long or short signal unless strong reaction occurs.
Action: Stay flat in these zones unless there’s a clear BOS, rejection wick, or liquidity sweep with reversal.
⏱️ 4H Timeframe
Market Structure: Price printed a strong bullish engulfing candle from the higher demand zone (around 24,370).
Current Status: Still in a lower high - lower low structure, but this strong reversal suggests a potential short-term pullback.
Supply Zones:
24,780–24,900
24,950–25,250
⏱️ 1H Timeframe
Market Structure: Clean BOS (Break of Structure) on the upside. Price has taken out recent highs.
Current Trend: Short-term bullish within a broader downtrend. Approaching supply zone.
Liquidity: Just tapped into old liquidity pockets, creating a reaction-worthy setup.
⏱️ 15-Min Timeframe
Market Structure: Sharp vertical rally from demand without much consolidation. Now entering minor supply around 24,650–24,700.
FVG/OB: Small fair value gaps left below; likely to be filled if price weakens.
📌 Trade Plan for 8th August (Nifty 50)
🎯 Bias: Neutral to Mildly Bullish (as long as 24,430 is protected)
Reversal observed, but continuation depends on how price reacts to the 24,700–24,800 supply zone.
🔻 Short Setup (High Probability if rejection seen at supply)
Entry Zone: 24,720–24,780
Stop Loss: Above 24,820
Targets:
T1: 24,580
T2: 24,480
T3: 24,370 (if full rejection)
🔼 Long Setup (Only on Retest + Bullish Candle)
Entry Zone: 24,500–24,530 (retest of breakout zone)
Stop Loss: Below 24,440
Targets:
T1: 24,700
T2: 24,780
⚠️ Avoid fresh longs if price opens near or inside supply zones without a proper dip.
🚫 No Trade Zones – Nifty 50 (8th August)
These are the zones where:
There is low RR (Risk-Reward)
Price is likely to consolidate or chop
Better to wait for confirmation or breakout
⛔ Zone 1: 24,600 – 24,680
Price has rallied straight into this zone from demand.
Minor supply sits just above, while momentum from the rally may exhaust.
Wait for either:rejection to short,a clean breakout and retest to go long.
⛔ Zone 2: 24,480 – 24,530
This is the midpoint of today’s rally — price could consolidate here.
No clear long or short signal unless strong reaction occurs.
Action: Stay flat in these zones unless there’s a clear BOS, rejection wick, or liquidity sweep with reversal.
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.