Nifty Structure Analysis & Trade Plan: 3rd September

🔹 4H Chart (Swing Bias)

Trend: Market still in broader downtrend, but we saw a corrective bounce.

Supply Zones:

24,700–24,800 (fresh supply zone, rejected strongly)

25,000–25,100 (major FVG + OB confluence)

Demand Zones:

24,300–24,350 (previous OB + demand block)

Observation: Price got rejected exactly from 24,700 supply and closed near 24,575. Weakness showing continuation bias.

✅ Bias: Bearish below 24,700 | Expect re-test of 24,300

🔹 1H Chart (Intraday Bias)

Price attempted a breakout but failed, leaving a large bearish rejection candle from 24,700.

Current structure: MSS (Market Structure Shift) → downtrend continuation confirmed.

Fair Value Gap (FVG) formed near 24,650–24,700 → this becomes intraday supply zone.

EMA is overhead, acting as resistance.

✅ Bias: Sell on rallies toward 24,650–24,700

🔹 15M Chart (Execution Levels)

OB (Order Block) formed at 24,650 → aligns with higher timeframe supply.

Minor demand visible around 24,500–24,520 (liquidity sweep possible).

If 24,500 breaks, expect quick slide to 24,300 demand.

📌 Trade Plan for 3rd September

Primary Setup (Sell on Rally)

Entry: 24,650–24,700 (supply + FVG zone)

Stop Loss: Above 24,780

Targets:

T1 = 24,500

T2 = 24,350

Extended = 24,300

Alternative Setup (Breakdown Play)

If price opens weak and breaks 24,500 cleanly:

Entry: Below 24,480 after retest

SL: Above 24,600

Target: 24,300

Invalidations

If price sustains above 24,800 on 1H close → bearish plan invalid, upside open toward 25,000–25,100 supply.

👉 Overall, structure favors short positioning with Sell-on-Rally bias, unless bulls reclaim 24,800.