Banknifty Structure Analysis & Trade Plan: 10th September

🔎 Market Structure Analysis

4H Chart (Swing Bias)

Price is consolidating within a rising channel but facing strong supply zone near 54,400–54,600.

Multiple rejections seen in this area → clear sign of overhead resistance.

Demand zones visible around 54,000 and 53,600, where buyers have previously defended.

Structure: Still range-bound between 53,600 – 54,600, leaning towards distribution near resistance.

1H Chart (Intraday Bias)

Market attempted a breakout above 54,400 but failed, creating a liquidity grab at the top.

Price retested mid-range support (~54,000–54,100) and is currently holding trendline support.

Multiple FVGs left below 54,000 → risk of price revisiting those zones if momentum fails.

Bias: Cautious long only above 54,400; otherwise, sideways with bearish pressure if breakdown happens.

15M Chart (Execution Zone)

Clear rejection candle from supply zone 54,400–54,500.

Small order block support formed at ~54,100.

Upside liquidity resting above 54,600, downside liquidity resting below 53,900.

Ideal trade setup will depend on whether price breaks below 54,100 or sustains above 54,400.

📌 Trade Plan for 10th September

Bullish Scenario (if strength holds)

Entry: Long only above 54,400 (confirmation candle).

Targets: 54,600 → 54,800.

Stoploss: Below 54,150.

Reasoning: Breakout + liquidity sweep above supply zone.

Bearish Scenario (preferred if rejection continues)

Entry: Short near 54,300–54,400 rejection zone.

Targets: 54,050 → 53,800 → 53,600.

Stoploss: Above 54,500.

Reasoning: Rejection from strong supply + FVGs below to be filled.

Neutral / Sideways Plan

If price stays stuck between 54,100–54,400, avoid aggressive trades.

Range scalping possible:

Buy near 54,100 demand with tight SL.

Sell near 54,400 supply with tight SL.

✅ Bias Summary: BankNifty is range-bound with bearish tilt unless it gives a strong breakout above 54,400. Safer to look for shorts from supply until clear evidence of breakout comes.