Market structure analysis & rade plan for Nifty : 28th July

🔵 Nifty 50 Analysis

Timeframes Used: 4H, 1H, 15min
Current Price: ~24,832

🧠 Market Structure Overview:

4H Timeframe:

Market structure has shifted bearish with a series of lower highs and lower lows.

Price broke down below the minor demand zone (24,880–24,920), confirming short-term weakness.

A deeper demand zone around 24,680–24,720 is now in focus.

1H Timeframe:

Retest and rejection seen at previous demand (now flipped as resistance).

Consistent selling pressure from 25,100 and 25,230 zones.

Small base forming around 24,820, but momentum is weak.

🗺️ Key Zones:

Immediate Resistance (Supply):

24,880–24,920 (flipped supply)

25,100–25,130

25,220–25,270

Immediate Support (Demand):

24,680–24,720

24,410 (HTF support level from June base)

📈 Trade Plan:

🔻 Scenario 1 – Sell on Pullback

If price retests and rejects from 24,880–24,920 zone:

Entry: ~24,900 (on 15min confirmation like bearish engulfing or M-structure)

Stop Loss: Above 24,950

Targets: 24,720 → 24,680

🔺 Scenario 2 – Buy from Lower Demand

If price reacts strongly at 24,680–24,720 demand zone:

Entry: ~24,700 (confirmation on 15min bullish setup or strong wick rejection)

Stop Loss: Below 24,650

Targets: 24,880 → 25,000

🚫 No Trade Zone:

24,800–24,840

Price currently consolidating in this indecisive region

Wait for clear breakout or rejection confirmation from zones mentioned above

✅ Bias:

Preferred Bias: Sell on pullback until price reclaims 24,950 convincingly

Reversal Watch: Bullish only if strong reaction emerges from 24,680–24,720