Nifty Bank Index
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Banknifty Structure Analysis & Trade Plan: 3rd September

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🔎 Higher Timeframe (4H) Outlook

Trend Bias: Clear bearish market structure — price rejected from supply around 54,000–54,100 and printed a strong bearish candle.

Key Supply Zones:

54,400–54,500 (FVG + strong supply)

54,000–54,100 (fresh supply that caused the last drop)

Demand Zone: 53,300–53,450 (green zone marked)

Observation: Price broke short-term bullish corrective channel, resuming bearish trend.

✅ Bias: Bearish on 4H until demand around 53,300–53,450 is tested.

⏱ 1H Chart Structure

Trendline Break: Price broke rising structure and retested supply.

FVG: Fresh bearish Fair Value Gap at 53,800–54,000.

EMA: Acting as dynamic resistance, price closed below.

Support: Immediate support around 53,600–53,650.

⚠️ If support breaks, expect a quick slide to 53,300 zone.

📉 15M Intraday Chart

Break of Structure (BOS): Confirmed at 53,800, marking bearish intent.

Order Blocks:

Bearish OB at 53,950–54,050 (likely short entry zone if retested).

Bullish OB around 53,350–53,400 (possible intraday bounce).

Liquidity: Sell-side liquidity resting below 53,500.

📝 Trade Plan for 3rd September

🔻 Bearish Scenarios

Short on Pullback to Supply

Entry: 53,900–54,000 (FVG zone)

Stop Loss: Above 54,150

Target 1: 53,600

Target 2: 53,350

Breakdown Play

If 53,600 support breaks with momentum, enter short.

SL: Above 53,800

Target: 53,300 demand zone

🔼 Bullish Scenarios (Low Probability)

Only valid if 53,300 demand zone holds with strong rejection.

Intraday bounce possible towards 53,700–53,800, but overall still a sell-on-rise market.

✅ Final Bias

Primary Bias: Bearish → Sell on rise.

Invalidation: If Bank Nifty sustains above 54,100, bearish view is invalidated.

Key Levels to Watch:

Resistance: 53,900–54,100

Support: 53,600 & 53,300–53,350

כתב ויתור

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