Banknifty Structure Analysis & Trade Plan: 4th September

🔎 4H Chart Outlook

Strong bounce today with a wide green candle reclaiming 54,000.

Price is inside a short-term rising channel.

Overhead supply zone (54,200–54,400) + FVG remains untested.

Key demand sits at 53,400–53,600, aligned with previous rejection and liquidity sweep.

👉 Bias: Mild bullish, but supply at 54,200–54,400 is the first hurdle.

🔎 1H Chart Outlook

Price has broken above a short-term downtrend and filled the FVG at 53,800–54,000.

Immediate resistance at 54,100–54,200.

If rejected, we can expect a pullback retest into 53,800–53,900 (also aligns with demand zone & FVG).

👉 Bias: Range-bound between 53,800 demand and 54,200 supply.

🔎 15M Chart Outlook

Microstructure shows OB around 53,750–53,800 that pushed the breakout.

Current rejection candle printed at 54,100–54,200 supply zone.

Liquidity resting below 53,900–54,000 (intraday retrace level).

👉 Bias: Short-term sell-on-rise till 54,200 holds.

🎯 Trade Plan for 4th Sept (BankNifty Futures / Options)

🔵 Bullish Scenario

If price sustains above 54,200 with strong candles →

🎯 Targets: 54,400 → 54,600
📍 Stop-loss: below 54,050

🔴 Bearish Scenario

At open, if price fails at 54,100–54,200 and prints rejection →
🎯 Targets: 53,900 → 53,750 → 53,600
📍 Stop-loss: above 54,250

⚡ Intraday Key Levels

Demand: 53,750–53,850

Supply: 54,200–54,400

Range: 53,600 – 54,400

✅ Suggested Strategy:

Sell-on-rise near 54,150–54,200 with puts (strike 53,800 / 53,500).

Switch to long calls only if breakout candle closes above 54,200 with volume.