Banknifty Structure Analysis & Trade Plan: 5th September

🔎 Bank Nifty Market Structure

4H Chart

Price is trading around 54,100, after rejecting the 54,400–54,500 supply zone (FVG).

A rising channel structure is visible, but today’s rejection candle shows weakness.

Strong demand still lies at 53,600–53,400 zone (green block).

👉 Overall bias: Neutral to mildly bearish unless 54,400 is reclaimed convincingly.

1H Chart

Market structure shows:

A recent Market Structure Shift (MSS) at ~54,200.

Current price is hovering inside a demand block / FVG around 54,000–53,950.

Upside supply remains intact at 54,400–54,500.

Break of 53,950 could accelerate selling pressure.

👉 Short-term structure: Range between 53,950–54,400.

15M Chart

Intraday price action shows repeated rejections from 54,300–54,400.

Price is consolidating above a micro demand zone at 54,000.

Clean liquidity gap remains below at 53,800–53,600.

👉 Intraday tone: Bearish bias if 54,000 breaks, otherwise chop.

📌 Trade Plan for 5th September

Scenario 1: Bearish Continuation

Trigger: Breakdown below 54,000 with momentum.

Entry: Short on 53,980–54,000 break.

Targets:

T1 = 53,800

T2 = 53,600 (major demand zone)

Stop Loss: 54,200 (above supply/FVG).

Scenario 2: Bullish Relief Rally

Trigger: Strong rejection candle from 54,000–53,950 zone.

Entry: Long above 54,100.

Targets:

T1 = 54,300

T2 = 54,400–54,500 (supply zone, book profits here)

Stop Loss: 53,900.

Key Notes

Market is in a tight range (53,950–54,400).

Best trades will come from range extremes: short at supply, long at demand.

Avoid chasing in the middle zone; let price confirm with structure.

✅ Bias for Tomorrow (5th Sept):

Slightly bearish unless Bank Nifty reclaims 54,400+. High-probability short trades if 54,000 breaks.