Nifty Market Structure Analysis & Trade Plan: 19th August

🔎 Market Structure Analysis – Nifty

4H Chart

Trend Context: Nifty has broken out of the falling channel and is now testing supply around 24,950 – 25,000.

Resistance Zone: 24,950 – 25,050 (today’s rejection confirms sellers active).

Support Zone: 24,650 – 24,700 (former breakout zone, now retest possible).

Bias: Neutral-to-Bullish as long as 24,650 holds. Below that, momentum weakens.

1H Chart

Price Action: Rejected from 25,000, now consolidating just above 24,850.

Support 1: 24,850 immediate (short-term demand).

Support 2: 24,700 (critical breakout level).

Resistance: 25,000 first barrier, next at 25,300.

Bias: Short-term retracement unless demand at 24,850 holds strong.

15m Chart

Intraday Flow: Breakdown from 25,000 supply, retracing towards 24,850 – 24,800.

Momentum: Sellers in control intraday, but broader trend still constructive if higher lows sustain above 24,650.

📌 Trade Plan for Tomorrow – Nifty

Long Setup (Buy side bias)

Entry Zone: 24,650 – 24,700 support retest.

Trigger: Bullish reversal candle / rejection wick near support.

Targets:

T1: 24,950 (retest of today’s high)

T2: 25,200 (next supply)

Stop Loss: Below 24,600.

Short Setup (Sell side bias)

Entry Zone: 24,950 – 25,000 supply rejection.

Trigger: Bearish engulfing / rejection candle.

Targets:

T1: 24,800

T2: 24,650

Stop Loss: Above 25,050.

🎯 Key Levels to Watch

Resistance: 25,000 → 25,300

Support: 24,850 → 24,700 → 24,400

👉 In simple terms:

If 24,650 holds, expect a bounce back towards 25,000 – 25,200.

If 24,650 breaks, sellers may drag it back to 24,400.