Sensex Market Structure Analysis & Trade Plan: 21st August

🔎 Market Structure (Sensex)

4H Chart

Price has retraced upwards from the 80,000 zone support and is currently trading around 81,800.

It is entering the supply/FVG zone between 81,900 – 82,200.

EMA (≈ 81,100) is sloping up, suggesting short-term bullish bias.

Higher resistance supply lies around 82,700 – 83,000.

1H Chart

Structure is bullish with BOS confirmed near 81,200.

Price is consolidating just under the 82,000 resistance after filling FVG.

Any breakdown below 81,600 may open room for deeper retracement into demand at 81,200 – 81,000.

15m Chart

Price has created a minor FVG near 81,950, showing rejection from resistance.

Short-term demand is at 81,600 – 81,500, and deeper OB demand at 81,200.

The intraday trendline still holds, but buyers are showing exhaustion at resistance.

📍 Key Levels

Immediate Resistance Zones

81,900 – 82,200 (FVG supply)

82,700 – 83,000 (major supply)

Immediate Support Zones

81,600 – 81,500 (intraday demand)

81,200 – 81,000 (4H OB demand)

80,000 (major swing support)

🎯 Trade Plan for Tomorrow

Bullish Scenario

If price sustains above 82,000, long entries can target 82,200 → 82,700.

Breakout above 82,700 may open path toward 83,000 supply zone.

Stop loss should be below 81,600 demand zone.

Bearish Scenario

Rejection at 81,900 – 82,200 may give short setups back to 81,600 → 81,200.

If 81,200 breaks, extended downside may test 80,000.

Intraday Bias

First half: Likely choppy around 82,000 resistance.

Second half: Directional move expected depending on whether 82,000 breaks or rejects.

✅ Summary:

Sensex is at a critical supply zone (82,000). Tomorrow’s plan hinges on whether bulls can sustain above 82k. If yes → rally toward 82.7k+. If no → rejection back to 81.6k / 81.2k demand.