Nifty Structure Analysis & Trade Plan: 29th August

🔹 4H Chart (Swing Bias)

Clear bearish market structure: Multiple consecutive red candles post 25,000 rejection.

Fair Value Gap (FVG) left around 24,700–24,800 → potential sell-on-rally zone.

Price broke structure and is respecting the descending channel.

Current price near 24,500 support, but next major demand is around 24,300–24,250.

EMA slope is pointing down → confirms bearish control.

✅ Bias: Bearish | Swing resistance at 24,750–24,800 | Demand near 24,300

🔹 1H Chart (Intraday Bias)

Market has printed multiple Break of Structures (BOS) confirming lower highs and lower lows.

Short-term FVG between 24,650–24,700 (ideal short re-entry area).

Current candles hovering around 24,500 handle with weak reaction → suggests liquidity is being built before another drop.

EMA acting as dynamic resistance, aligning with supply zones.

✅ Bias: Bearish | Resistance at 24,650–24,700 | Weak support at 24,480

🔹 15M Chart (Execution Window)

Price rejected from micro order block around 24,600.

BOS printed downside again towards 24,500, confirming intraday weakness.

Liquidity resting below 24,480 → 24,450; sweep likely.

Next liquidity pool lies at 24,300 zone.

Very short-term relief bounces may occur, but they’re inside a bearish intraday trend channel.

✅ Bias: Bearish | Short-term rallies capped at 24,600 | Liquidity target 24,450 → 24,300

📝 Trade Plan for 29th August

🔴 Primary Bias: Short the rallies (high probability)

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

Stop Loss: Above 24,800

Targets:

T1 → 24,500

T2 → 24,350

T3 → 24,300

🟢 Countertrend Play: Long from demand sweep (only if strong reversal candles form)

Entry Zone: 24,300–24,350 (demand rejection)

Stop Loss: Below 24,200

Targets:

T1 → 24,500

T2 → 24,650

✅ Summary:

Main plan: Sell on rallies towards 24,650–24,700.

Alternate plan: Only long if 24,300 demand holds with a bullish reaction.

Overall: Trend & liquidity favors downside.