Sensex structure analysis and trade plan: 3rd September

🔹 4H Chart (Swing Bias)

Trend: Still bearish; lower highs and lower lows intact inside a descending channel.

FVG Supply: Around 81,600–81,800 remains untested and acts as a strong supply cap.

Recent Reaction: Price rejected sharply from ~80,600 (near 20 EMA & supply).

Demand Zone: 79,800–79,600 (highlighted green box) is the last demand block; defended intraday but being retested.

✅ Bias: Bearish to sideways

Resistance: 80,600–80,800

Demand: 79,800–79,600

🔹 1H Chart (Intraday Bias)

Breakdown: Price lost 20 EMA and structure after retesting 80,600.

FVG: Fresh bearish FVG between 80,400–80,600 → short re-entry zone.

Support: Demand block at 79,800–79,600 is holding for now, but repeated testing weakens it.

Channel: Price is respecting downward sloping channel resistance.

✅ Bias: Bearish with possible pullback

Short re-entry: 80,400–80,600 (FVG & channel resistance)

Targets: 80,000 / 79,800 → 79,600

SL: Above 80,800

🔹 15m Chart (Execution View)

Order Flow: Break of market structure (BOS) at 80,300; sellers stepped in aggressively.

OB + FVG: Overlapping bearish order block & FVG at 80,400–80,600 = ideal short zone.

Liquidity: Sell-side liquidity resting below 79,800 → likely sweep area.

✅ Trade Plan for Tomorrow (3rd Sept):

Primary Setup (Short Bias):

Look for rejection / bearish PA at 80,400–80,600.

Short entry in that zone.

Targets: 80,000 → 79,800 → 79,600.

Stop loss: Above 80,800.

Alternate Bullish Scenario (if 79,800 demand holds with strong reversal):

Buy only after clean BOS above 80,600.

Target: 81,000–81,200.

But probability lower while within channel.

📌 Summary:

Sensex structure is still bearish, with rallies into 80,400–80,600 likely to get sold into. Tomorrow’s trade should be sell on rise unless price gives a strong breakout above 80,800 (invalidating the bearish structure). Watch 79,800–79,600 carefully; a clean breakdown can accelerate fall toward 79,200–79,000.