4-Hour Chart (Macro Trend)
Structure: The Nifty is back in its Bullish Momentum phase. The price successfully found strong buying interest at the lower trendline of the steep ascending channel (the point of the rejection on Friday's chart). The current price action indicates a successful retest and bounce, reversing the corrective sentiment.
Key Levels:
Major Supply (Resistance): 26,100 - 26,200. This area encompasses the recent high and is the critical hurdle. A decisive breakout above 26,100 would target the ATH of 26,277.
Major Demand (Support): 25,600 - 25,750. This area, which includes the lower channel trendline and a strong FVG (Fair Value Gap), is the must-hold level for the overall bullish trend.
Outlook: The bias is Strongly Bullish. The market is poised to re-challenge the 26,000 - 26,100 resistance band.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows a clear Break of Structure (MSS) back to the upside, following the successful defense of the lower channel boundary. The price has reclaimed the 9-period EMA and is now trading in a fresh, steep ascending channel.
Key Levels:
Immediate Resistance: 26,000 (Psychological mark and immediate high).
Immediate Support: 25,850 (Recent consolidation support/lower channel boundary).
15-Minute Chart (Intraday View)
Structure: The 15M chart confirms the reversal, showing a V-shaped recovery from the Friday low. The price is currently trading at the upper end of the daily range, setting up for a strong open.
Key Levels:
Intraday Supply: 26,000 - 26,050.
Intraday Demand: 25,850 - 25,900.
Outlook: Aggressively Bullish.
📈 Structure Analysis & Trade Plan: 28th October
Market Outlook: Nifty has shown strong resilience, negating Friday's bearishness. The primary strategy will be to buy on continuation/dips to capitalize on the resumed bullish momentum.
Bullish Scenario (Primary Plan: Continuation)
Justification: The strong V-shaped recovery and the successful defense of the macro support favor continuation toward the ATH.
Entry: Long entry on a decisive break and 15-minute candle close above 26,000. Alternatively, look for a dip entry near 25,850 - 25,900 (the immediate support zone).
Stop Loss (SL): Place a stop loss below 25,750 (below the key intraday swing low).
Targets:
T1: 26,100 (Recent swing high).
T2: 26,277 (All-Time High).
Bearish Scenario (Counter-Trend/Reversal)
Justification: High-risk. Only valid if the market fails aggressively at the 26,000 mark.
Trigger: A sustained break and 1-hour close back below 25,800.
Entry: Short entry below 25,800.
Stop Loss (SL): Above 25,950.
Targets:
T1: 25,650 (Lower channel support/FVG).
T2: 25,500 (Major weekly support).
Key Levels for Observation:
Immediate Decision Point: 25,900 - 26,000 zone.
Bullish Confirmation: Sustained trade above 26,000.
Bearish Warning: A move below 25,800.
Line in the Sand: 25,750. Below this level, the short-term bullish bias is nullified.
Structure: The Nifty is back in its Bullish Momentum phase. The price successfully found strong buying interest at the lower trendline of the steep ascending channel (the point of the rejection on Friday's chart). The current price action indicates a successful retest and bounce, reversing the corrective sentiment.
Key Levels:
Major Supply (Resistance): 26,100 - 26,200. This area encompasses the recent high and is the critical hurdle. A decisive breakout above 26,100 would target the ATH of 26,277.
Major Demand (Support): 25,600 - 25,750. This area, which includes the lower channel trendline and a strong FVG (Fair Value Gap), is the must-hold level for the overall bullish trend.
Outlook: The bias is Strongly Bullish. The market is poised to re-challenge the 26,000 - 26,100 resistance band.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows a clear Break of Structure (MSS) back to the upside, following the successful defense of the lower channel boundary. The price has reclaimed the 9-period EMA and is now trading in a fresh, steep ascending channel.
Key Levels:
Immediate Resistance: 26,000 (Psychological mark and immediate high).
Immediate Support: 25,850 (Recent consolidation support/lower channel boundary).
15-Minute Chart (Intraday View)
Structure: The 15M chart confirms the reversal, showing a V-shaped recovery from the Friday low. The price is currently trading at the upper end of the daily range, setting up for a strong open.
Key Levels:
Intraday Supply: 26,000 - 26,050.
Intraday Demand: 25,850 - 25,900.
Outlook: Aggressively Bullish.
📈 Structure Analysis & Trade Plan: 28th October
Market Outlook: Nifty has shown strong resilience, negating Friday's bearishness. The primary strategy will be to buy on continuation/dips to capitalize on the resumed bullish momentum.
Bullish Scenario (Primary Plan: Continuation)
Justification: The strong V-shaped recovery and the successful defense of the macro support favor continuation toward the ATH.
Entry: Long entry on a decisive break and 15-minute candle close above 26,000. Alternatively, look for a dip entry near 25,850 - 25,900 (the immediate support zone).
Stop Loss (SL): Place a stop loss below 25,750 (below the key intraday swing low).
Targets:
T1: 26,100 (Recent swing high).
T2: 26,277 (All-Time High).
Bearish Scenario (Counter-Trend/Reversal)
Justification: High-risk. Only valid if the market fails aggressively at the 26,000 mark.
Trigger: A sustained break and 1-hour close back below 25,800.
Entry: Short entry below 25,800.
Stop Loss (SL): Above 25,950.
Targets:
T1: 25,650 (Lower channel support/FVG).
T2: 25,500 (Major weekly support).
Key Levels for Observation:
Immediate Decision Point: 25,900 - 26,000 zone.
Bullish Confirmation: Sustained trade above 26,000.
Bearish Warning: A move below 25,800.
Line in the Sand: 25,750. Below this level, the short-term bullish bias is nullified.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Declinazione di responsabilità
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.