4-Hour Chart (Macro Trend)
Structure: The Bank Nifty is back in a Strong Bullish Momentum phase. The price successfully found strong buying interest at the lower trendline of the corrective channel on Monday (Oct 27) and has surged higher, reclaiming the previous supply zone. The structure is now trading within a newly established ascending channel.
Key Levels:
Major Supply (Resistance): 58,500 - 58,600. This area (the ATH of 58,577) is the immediate overhead hurdle. A decisive breakout above this level is critical.
Major Demand (Support): 57,600 - 57,800. This area, which aligns with the lower channel trendline and the strong momentum start point, is the must-hold level for the short-term uptrend.
Outlook: The bias is Strongly Bullish. The market is poised to challenge the All-Time High.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows a clear V-shaped recovery and a Break of Structure (MSS) back to the upside, following the successful defense of the 57,400 low. The price has reclaimed the 9-period EMA and is now trading strongly within the new ascending channel.
Key Levels:
Immediate Resistance: 58,300 (Upper channel boundary).
Immediate Support: 57,800 (Recent consolidation support/lower channel boundary).
15-Minute Chart (Intraday View)
Structure: The 15M chart confirms the strong reversal. The price is trading at the upper end of the daily range, forming a small bullish consolidation right below the upper channel trendline, suggesting immediate follow-through strength is likely.
Key Levels:
Intraday Supply: 58,300.
Intraday Demand: 57,900 (Recent consolidation zone).
Outlook: Aggressively Bullish.
📈 Structure Analysis & Trade Plan: 28th October
Market Outlook: Bank Nifty has shown massive resilience, completely negating Friday's correction. The focus is on a breakout above the ATH.
Bullish Scenario (Primary Plan: Continuation)
Justification: The successful retest of support and resumption of momentum strongly favors a continuation towards the ATH.
Entry: Long entry on a decisive break and 15-minute candle close above 58,300 (breaking the upper channel). Alternatively, look for a dip entry near 57,800 - 57,900 (the immediate support zone).
Stop Loss (SL): Place a stop loss below 57,600 (below the previous day's swing low).
Targets:
T1: 58,577 (All-Time High retest).
T2: 59,000 (Psychological extension target).
Bearish Scenario (Counter-Trend/Reversal)
Justification: High-risk. Only valid if the rally fails aggressively at the 58,300 mark.
Trigger: A sustained break and 1-hour close back below 57,600.
Entry: Short entry below 57,600.
Stop Loss (SL): Above 58,000.
Targets:
T1: 57,300 (Major FVG support).
T2: 57,000 (Psychological support).
Key Levels for Observation:
Immediate Decision Point: 57,800 - 58,300 zone.
Bullish Confirmation: Sustained trade above 58,300.
Bearish Warning: A move below 57,600.
Line in the Sand: 57,500.
Note: New, reduced lot sizes for Bank Nifty futures and options come into effect today (Oct 28) for the Jan 2026 expiry onwards.
Structure: The Bank Nifty is back in a Strong Bullish Momentum phase. The price successfully found strong buying interest at the lower trendline of the corrective channel on Monday (Oct 27) and has surged higher, reclaiming the previous supply zone. The structure is now trading within a newly established ascending channel.
Key Levels:
Major Supply (Resistance): 58,500 - 58,600. This area (the ATH of 58,577) is the immediate overhead hurdle. A decisive breakout above this level is critical.
Major Demand (Support): 57,600 - 57,800. This area, which aligns with the lower channel trendline and the strong momentum start point, is the must-hold level for the short-term uptrend.
Outlook: The bias is Strongly Bullish. The market is poised to challenge the All-Time High.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows a clear V-shaped recovery and a Break of Structure (MSS) back to the upside, following the successful defense of the 57,400 low. The price has reclaimed the 9-period EMA and is now trading strongly within the new ascending channel.
Key Levels:
Immediate Resistance: 58,300 (Upper channel boundary).
Immediate Support: 57,800 (Recent consolidation support/lower channel boundary).
15-Minute Chart (Intraday View)
Structure: The 15M chart confirms the strong reversal. The price is trading at the upper end of the daily range, forming a small bullish consolidation right below the upper channel trendline, suggesting immediate follow-through strength is likely.
Key Levels:
Intraday Supply: 58,300.
Intraday Demand: 57,900 (Recent consolidation zone).
Outlook: Aggressively Bullish.
📈 Structure Analysis & Trade Plan: 28th October
Market Outlook: Bank Nifty has shown massive resilience, completely negating Friday's correction. The focus is on a breakout above the ATH.
Bullish Scenario (Primary Plan: Continuation)
Justification: The successful retest of support and resumption of momentum strongly favors a continuation towards the ATH.
Entry: Long entry on a decisive break and 15-minute candle close above 58,300 (breaking the upper channel). Alternatively, look for a dip entry near 57,800 - 57,900 (the immediate support zone).
Stop Loss (SL): Place a stop loss below 57,600 (below the previous day's swing low).
Targets:
T1: 58,577 (All-Time High retest).
T2: 59,000 (Psychological extension target).
Bearish Scenario (Counter-Trend/Reversal)
Justification: High-risk. Only valid if the rally fails aggressively at the 58,300 mark.
Trigger: A sustained break and 1-hour close back below 57,600.
Entry: Short entry below 57,600.
Stop Loss (SL): Above 58,000.
Targets:
T1: 57,300 (Major FVG support).
T2: 57,000 (Psychological support).
Key Levels for Observation:
Immediate Decision Point: 57,800 - 58,300 zone.
Bullish Confirmation: Sustained trade above 58,300.
Bearish Warning: A move below 57,600.
Line in the Sand: 57,500.
Note: New, reduced lot sizes for Bank Nifty futures and options come into effect today (Oct 28) for the Jan 2026 expiry onwards.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.