Nifty Bank Index
Panjang

Banknifty Structure Analysis & Trade Plan: 9th September

17
🔎 Market Structure Analysis

4H Chart

Price is moving inside a rising channel after recovering from the 53,600–53,700 demand zone.

Current rejection from 54,500 supply zone (aligned with FVG + resistance block).

Price is now testing the mid-channel support and minor bullish order block near 54,100–54,200.

Liquidity sweep was seen above 54,400 (quick rejection), indicating sellers defending this zone.

1H Chart

Clear up-channel structure intact, but price is consolidating between 54,100–54,400.

A market structure shift (MSS) is visible around 54,300 → short-term weakness developing.

If 54,100 breaks, imbalance + OB around 53,800–53,900 could act as next support.

15M Chart

Short-term liquidity sweep above 54,400 followed by a rejection → confirms supply zone strength.

Price is currently hovering around the ascending channel support line (54,200 zone).

OB + liquidity resting just below at 53,950–54,000 could trigger a bounce.

📌 Key Levels

Immediate Resistance Zones

54,400–54,500 → strong supply, repeated rejection

54,800–55,000 → next upside target if breakout happens

Immediate Support Zones

54,100–54,200 → channel + OB support (watch for breakdown)

53,800–53,900 → FVG + OB (high probability demand zone)

53,400–53,600 → major demand zone (swing support)

📊 Trade Plan for 9th September

Scenario 1 – Bullish Continuation

If price sustains above 54,200, look for long entries.

Targets: 54,400 → 54,500 → 54,800.

SL: Below 54,050.

Scenario 2 – Bearish Breakdown

If price breaks below 54,100 with momentum, expect decline towards:

53,900 (first demand fill)

Extended target: 53,600 (major demand zone).

Short entries possible on retest of 54,100 after breakdown.

SL: Above 54,300.

Scenario 3 – Range Play

If price remains stuck between 54,100–54,400, better to trade intraday scalps only.

Buy near 54,100 → Sell near 54,400 until breakout happens.

âś… Bias for Monday (9th Sept): Neutral-to-Bearish

Rejection from 54,400 suggests weakness.

Key decision point: 54,100 support → breakdown will accelerate bearish move.

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.