BankNifty Market Structure
Higher Timeframe (4H)
Trend: Bearish bias continues — lower highs and lower lows are visible.
Price is hovering around 55,600–55,800 demand zone, showing some buying attempts but no strong reversal yet.
Key FVG above at 56,200–56,600, which may act as a strong resistance on pullbacks.
Supply zone overhead near 57,200–57,400, aligning with OB.
Mid Timeframe (1H)
Market recently had a Break of Structure (BOS) to downside confirming bearish momentum.
Price is consolidating just above 55,600–55,800 support zone.
Any recovery is likely to face immediate supply at 56,200–56,400.
Visible imbalance left in the 56,200–56,400 region.
Lower Timeframe (15m)
Clear rejection seen on retests of intraday FVGs.
Intraday OB formed around 55,800–56,000, likely to act as resistance if retested.
Liquidity resting below 55,400 — could be a potential draw for price.
📝 Trade Plan for 4th August (Monday)
Primary Bias:
Bearish, unless price reclaims and sustains above 56,400.
Key Levels
Support Zones (Buy-side liquidity / Demand)
55,600–55,800 (current critical support)
55,200–55,400 (next liquidity pool)
Resistance Zones (Sell-side liquidity / Supply)
56,200–56,400 (immediate resistance / FVG)
56,800–57,200 (major OB / higher timeframe supply)
Trade Plan
🔻 Bearish Scenario (Higher Probability)
Wait for price to retest 56,000–56,200 zone.
If rejection confirms → Short towards 55,600, extend to 55,200 if momentum continues.
Stop-loss: above 56,400.
🔺 Bullish Reversal Scenario (Lower Probability)
If price strongly reclaims 56,400 with volume,
Long entries possible towards 56,800–57,200.
Stop-loss: below 56,000.
⚠️ No-Trade Zone
Between 55,800–56,200 → High chop risk, overlapping FVG and BOS.
Avoid entering unless a clean breakout or rejection is seen.
✅ Actionable Note:
Focus on short trades from 56,000–56,200 supply rejection.
Keep tight risk management since BankNifty is sitting at a strong demand area where sudden reversals are possible.
Higher Timeframe (4H)
Trend: Bearish bias continues — lower highs and lower lows are visible.
Price is hovering around 55,600–55,800 demand zone, showing some buying attempts but no strong reversal yet.
Key FVG above at 56,200–56,600, which may act as a strong resistance on pullbacks.
Supply zone overhead near 57,200–57,400, aligning with OB.
Mid Timeframe (1H)
Market recently had a Break of Structure (BOS) to downside confirming bearish momentum.
Price is consolidating just above 55,600–55,800 support zone.
Any recovery is likely to face immediate supply at 56,200–56,400.
Visible imbalance left in the 56,200–56,400 region.
Lower Timeframe (15m)
Clear rejection seen on retests of intraday FVGs.
Intraday OB formed around 55,800–56,000, likely to act as resistance if retested.
Liquidity resting below 55,400 — could be a potential draw for price.
📝 Trade Plan for 4th August (Monday)
Primary Bias:
Bearish, unless price reclaims and sustains above 56,400.
Key Levels
Support Zones (Buy-side liquidity / Demand)
55,600–55,800 (current critical support)
55,200–55,400 (next liquidity pool)
Resistance Zones (Sell-side liquidity / Supply)
56,200–56,400 (immediate resistance / FVG)
56,800–57,200 (major OB / higher timeframe supply)
Trade Plan
🔻 Bearish Scenario (Higher Probability)
Wait for price to retest 56,000–56,200 zone.
If rejection confirms → Short towards 55,600, extend to 55,200 if momentum continues.
Stop-loss: above 56,400.
🔺 Bullish Reversal Scenario (Lower Probability)
If price strongly reclaims 56,400 with volume,
Long entries possible towards 56,800–57,200.
Stop-loss: below 56,000.
⚠️ No-Trade Zone
Between 55,800–56,200 → High chop risk, overlapping FVG and BOS.
Avoid entering unless a clean breakout or rejection is seen.
✅ Actionable Note:
Focus on short trades from 56,000–56,200 supply rejection.
Keep tight risk management since BankNifty is sitting at a strong demand area where sudden reversals are possible.
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.