🔎 Technical Overview

• Trend & Structure: BankNifty broke a prior rising channel (break of structure), then retested supply before dropping. Short-term bias is neutral-to-bearish until price reclaims the recent supply zone.
• Immediate Support Zones:
  • 55,150 – 55,200: Minor demand where price is currently finding buyers.
  • 54,950 – 54,700: Major demand block (blue zone on the chart). A hold here favors range-bounce trades.
• Immediate Resistance / Supply Zones:
  • 55,400 – 55,480: First supply area — selling on rallies expected if structure remains broken.
  • 55,800 – 55,994: Strong supply / recent high — a decisive level for bulls to reclaim.
• Price Action Notes: The chart shows multiple BOS (Break Of Structure) points and a convincing move down after failing to sustain the rising channel. That suggests sellers have momentum unless a higher-high above the supply zones forms.

📈 Bullish Scenario

BankNifty would need to reclaim 55,400 – 55,480 with volume and close back inside the previous channel area for a bullish case. Confirmation would be a sustained move above 55,800 and then above the recent high (~55,994), which would invalidate the short bias.

📉 Bearish Scenario

If price fails to hold the 55,150 – 55,200 support, the next target is the major demand block around 54,950 – 54,700. A clear break below 54,700 opens space for further downside continuation and keeps sellers in control.

📝 Trade Plan & Risk Management

• Intraday longs: Consider buying near the 55,150–55,200 support only with a tight stop below the zone and small position size.
• Shorts: Consider selling on strength into the 55,400–55,480 supply with stop above 55,800 if structure remains bearish.
• Risk rules: Use defined stop-loss and position-sizing according to your trade journal rules (review in TitansAlerts Journal).

🔗 Platforms — Where to Follow & Tools

Follow these Trading Titans platforms for analyses, live calls, and trading tools:

• Trading Titans — Main site for market analysis, strategies, and daily trade ideas.
• Trading Titans Telegram — Live alerts, intraday calls, and fast updates during market hours.
• Killemotion — Automated trade protection and risk management tooling.
• TitansAlerts Journal — Trade journaling and performance analytics to improve discipline and strategy.

Note: All platform links are included for convenience — use them to access real-time alerts and tools that support this strategy.