Bank Nifty is currently trading around 56,250, in a tight range between a strong 4H demand zone and multiple overhead supply zones. After a sharp fall from ~57,400, price has stabilized near the 56,140–56,200 demand base. A bounce or breakdown from this zone will decide the next intraday trend.
🔴 Key Supply Zones (Resistance):
56,420 – 56,500 → Fresh 15-min bearish zone (recent rejection)
56,700 – 56,820 → Previous base before breakdown (1H/4H supply)
57,180 – 57,400 → Major resistance from 4H chart (sharp sell-off zone)
🟢 Key Demand Zone (Support):
56,140 – 56,200 → Strong buying base seen across 15min to 4H. Market is holding here with multiple rejections.
📈 Trading Scenarios:
1. Long Trade Plan (Buy on Rejection from Demand Zone):
Entry: Above 56,230 (after bullish reversal confirmation)
Stop Loss: Below 56,120
Target 1: 56,420
Target 2: 56,700
2. Short Trade Plan (Sell on Rejection from Supply Zone):
Entry: Below 56,390 if price rejects 56,420–56,500 zone
Stop Loss: Above 56,520
Target: 56,200
3. Breakdown Trade (Aggressive Bearish Bias):
Break below 56,140 with retest failure
Entry: On retest rejection of 56,140–56,160
Target: 55,900 – 55,600
Stop Loss: Above breakdown retest high
🧭 Bias:
Neutral to Bullish as long as price respects 56,140.
Breakdown below 56,140 would shift bias to Bearish.
⚠️ Notes:
Wait for confirmation candles, especially on 15-min chart
Avoid trades in the middle of the range (56,200–56,400) unless structure is clear
Monitor broader market cues (Nifty + global indices) before confirmation
🔴 Key Supply Zones (Resistance):
56,420 – 56,500 → Fresh 15-min bearish zone (recent rejection)
56,700 – 56,820 → Previous base before breakdown (1H/4H supply)
57,180 – 57,400 → Major resistance from 4H chart (sharp sell-off zone)
🟢 Key Demand Zone (Support):
56,140 – 56,200 → Strong buying base seen across 15min to 4H. Market is holding here with multiple rejections.
📈 Trading Scenarios:
1. Long Trade Plan (Buy on Rejection from Demand Zone):
Entry: Above 56,230 (after bullish reversal confirmation)
Stop Loss: Below 56,120
Target 1: 56,420
Target 2: 56,700
2. Short Trade Plan (Sell on Rejection from Supply Zone):
Entry: Below 56,390 if price rejects 56,420–56,500 zone
Stop Loss: Above 56,520
Target: 56,200
3. Breakdown Trade (Aggressive Bearish Bias):
Break below 56,140 with retest failure
Entry: On retest rejection of 56,140–56,160
Target: 55,900 – 55,600
Stop Loss: Above breakdown retest high
🧭 Bias:
Neutral to Bullish as long as price respects 56,140.
Breakdown below 56,140 would shift bias to Bearish.
⚠️ Notes:
Wait for confirmation candles, especially on 15-min chart
Avoid trades in the middle of the range (56,200–56,400) unless structure is clear
Monitor broader market cues (Nifty + global indices) before confirmation
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.