Nifty Market Structure Analysis & Trade Plan: 19th August🔎 Market Structure Analysis – Nifty
4H Chart
Trend Context: Nifty has broken out of the falling channel and is now testing supply around 24,950 – 25,000.
Resistance Zone: 24,950 – 25,050 (today’s rejection confirms sellers active).
Support Zone: 24,650 – 24,700 (former breakout zone, now retest possible).
Bias: Neutral-to-Bullish as long as 24,650 holds. Below that, momentum weakens.
1H Chart
Price Action: Rejected from 25,000, now consolidating just above 24,850.
Support 1: 24,850 immediate (short-term demand).
Support 2: 24,700 (critical breakout level).
Resistance: 25,000 first barrier, next at 25,300.
Bias: Short-term retracement unless demand at 24,850 holds strong.
15m Chart
Intraday Flow: Breakdown from 25,000 supply, retracing towards 24,850 – 24,800.
Momentum: Sellers in control intraday, but broader trend still constructive if higher lows sustain above 24,650.
📌 Trade Plan for Tomorrow – Nifty
Long Setup (Buy side bias)
Entry Zone: 24,650 – 24,700 support retest.
Trigger: Bullish reversal candle / rejection wick near support.
Targets:
T1: 24,950 (retest of today’s high)
T2: 25,200 (next supply)
Stop Loss: Below 24,600.
Short Setup (Sell side bias)
Entry Zone: 24,950 – 25,000 supply rejection.
Trigger: Bearish engulfing / rejection candle.
Targets:
T1: 24,800
T2: 24,650
Stop Loss: Above 25,050.
🎯 Key Levels to Watch
Resistance: 25,000 → 25,300
Support: 24,850 → 24,700 → 24,400
👉 In simple terms:
If 24,650 holds, expect a bounce back towards 25,000 – 25,200.
If 24,650 breaks, sellers may drag it back to 24,400.
