Detailed Market Structure Breakdown
4-Hour Chart (Macro Trend)
Structure: The Nifty is firmly in a bullish recovery phase. The selling pressure seen on Wednesday was a brief correction, which was quickly bought up. The price has reclaimed the 25,100 level and is moving strongly within a new, steep ascending channel. The rally is aggressive, suggesting large institutional buying (DIIs) is still active.
Key Levels:
Major Supply (Resistance): 25,250 - 25,350. This area is a critical supply zone and a short-term Order Block (OB). A clean breakout here would confirm the continuation towards the September high (25,450).
Major Demand (Support): 25,000 - 25,050. This area, which includes the psychological 25,000 mark and the lower boundary of the ascending channel, is the key support.
Outlook: The short-term bias is strongly bullish. The market is poised to challenge the 25,250 resistance.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows the market successfully defending the 25,000 support and resuming the upward trajectory. The strong closing candle (part of a bullish continuation pattern) confirms the end of Wednesday's short-term correction.
Key Levels:
Immediate Resistance: 25,250.
Immediate Support: 25,100 (Prior breakout level and a strong short-term support).
15-Minute Chart (Intraday View)
Structure: The 15M chart shows a clear Break of Structure (BOS) on the upside on Thursday. The index closed at the upper end of a consolidation range, setting up for a bullish opening. The strong close suggests momentum is favorable for continuation.
Key Levels:
Intraday Supply: 25,250.
Intraday Demand: 25,100 - 25,150.
Outlook: Strongly Bullish.
📈 Trade Plan (Friday, 10th October)
Market Outlook: The Nifty is showing strong underlying strength and is poised to challenge the next major resistance. TCS results were announced after market hours on Thursday and will be the main driver for IT stocks and the index at the open. The primary strategy will be to buy on continuation.
Bullish Scenario (Primary Plan)
Justification: The confirmed bullish reversal from 25,000 and the strong close near the highs suggest a continuation toward the next major supply zone.
Entry: Long entry on a decisive break and 15-minute candle close above 25,250.
Stop Loss (SL): Place a stop loss below 25,100 (below the immediate swing low/breakout level).
Targets:
T1: 25,350 (Major Order Block/Supply).
T2: 25,450 (Previous swing high).
Bearish Scenario (Counter-Trend Plan)
Justification: Only valid if TCS results are strongly negative or global cues cause a sharp rejection/gap down.
Trigger: A decisive break and 1-hour candle close below 25,000.
Entry: Short entry below 25,000.
Stop Loss (SL): Above 25,150.
Targets:
T1: 24,900 (Lower channel trendline).
T2: 24,800 (Major FVG support).
Key Levels for Observation:
Immediate Decision Point: 25,100 - 25,250 zone.
Bullish Confirmation: A break and sustained move above 25,250.
Bearish Warning: A move below 25,000 would suggest the bounce has failed.
Line in the Sand: 25,000. Below this level, the short-term bullish bias is nullified.
4-Hour Chart (Macro Trend)
Structure: The Nifty is firmly in a bullish recovery phase. The selling pressure seen on Wednesday was a brief correction, which was quickly bought up. The price has reclaimed the 25,100 level and is moving strongly within a new, steep ascending channel. The rally is aggressive, suggesting large institutional buying (DIIs) is still active.
Key Levels:
Major Supply (Resistance): 25,250 - 25,350. This area is a critical supply zone and a short-term Order Block (OB). A clean breakout here would confirm the continuation towards the September high (25,450).
Major Demand (Support): 25,000 - 25,050. This area, which includes the psychological 25,000 mark and the lower boundary of the ascending channel, is the key support.
Outlook: The short-term bias is strongly bullish. The market is poised to challenge the 25,250 resistance.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows the market successfully defending the 25,000 support and resuming the upward trajectory. The strong closing candle (part of a bullish continuation pattern) confirms the end of Wednesday's short-term correction.
Key Levels:
Immediate Resistance: 25,250.
Immediate Support: 25,100 (Prior breakout level and a strong short-term support).
15-Minute Chart (Intraday View)
Structure: The 15M chart shows a clear Break of Structure (BOS) on the upside on Thursday. The index closed at the upper end of a consolidation range, setting up for a bullish opening. The strong close suggests momentum is favorable for continuation.
Key Levels:
Intraday Supply: 25,250.
Intraday Demand: 25,100 - 25,150.
Outlook: Strongly Bullish.
📈 Trade Plan (Friday, 10th October)
Market Outlook: The Nifty is showing strong underlying strength and is poised to challenge the next major resistance. TCS results were announced after market hours on Thursday and will be the main driver for IT stocks and the index at the open. The primary strategy will be to buy on continuation.
Bullish Scenario (Primary Plan)
Justification: The confirmed bullish reversal from 25,000 and the strong close near the highs suggest a continuation toward the next major supply zone.
Entry: Long entry on a decisive break and 15-minute candle close above 25,250.
Stop Loss (SL): Place a stop loss below 25,100 (below the immediate swing low/breakout level).
Targets:
T1: 25,350 (Major Order Block/Supply).
T2: 25,450 (Previous swing high).
Bearish Scenario (Counter-Trend Plan)
Justification: Only valid if TCS results are strongly negative or global cues cause a sharp rejection/gap down.
Trigger: A decisive break and 1-hour candle close below 25,000.
Entry: Short entry below 25,000.
Stop Loss (SL): Above 25,150.
Targets:
T1: 24,900 (Lower channel trendline).
T2: 24,800 (Major FVG support).
Key Levels for Observation:
Immediate Decision Point: 25,100 - 25,250 zone.
Bullish Confirmation: A break and sustained move above 25,250.
Bearish Warning: A move below 25,000 would suggest the bounce has failed.
Line in the Sand: 25,000. Below this level, the short-term bullish bias is nullified.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.