Nifty Market Structure Analysis & Trade Plan: 20th August

🔎 Nifty Technical View

Higher Timeframe (4H)

Resistance Zone: 25,050 – 25,100. Beyond that, a bigger supply zone lies near 25,250 – 25,300.

Support Zone: 24,900 (immediate) and 24,700 (major demand base).

Price is currently holding above EMA and pushing into supply. If rejected, correction may come back to 24,900.

Medium Timeframe (1H)

Price has been consolidating around 24,950 – 25,000.

Structure is mildly bullish with higher lows.

Break and sustain above 25,050 could give expansion toward 25,200 – 25,300.

But rejection wicks show sellers active at current level.

Lower Timeframe (15M)

OB near 24,950 – 24,970 is acting as short-term demand.

BOS already happened on upside, but momentum is not yet strong.

A quick rejection below 24,950 will attract sellers down to 24,900 → 24,850 → 24,700.

📌 Trading Plan for Tomorrow

Long Setup

Trigger: Break and close above 25,050 with volume.

Targets: 25,100 → 25,200 → 25,300.

Stop-loss: Below 24,950.

Bias: Long only if breakout is clean, avoid chop in range.

Short Setup

Trigger 1: Rejection around 25,000 – 25,050 (look for wicks on 15M/1H).

Trigger 2: Breakdown below 24,950.

Targets: 24,900 → 24,850 → 24,700.

Stop-loss: Above 25,050 (for rejection short) OR above 25,000 (for breakdown short).

✅ Summary

Bias: Neutral near 25,000 until breakout or breakdown confirmed.

Key Levels:

Resistance: 25,050 – 25,300.

Support: 24,950 → 24,900 → 24,700.

Tomorrow’s action will be a range play between 24,950 – 25,050 unless price expands either side.