BNF Intraday Short — Multi-Timeframe Rejection SetupNifty Bank IndexNSE:BANKNIFTYPRANJAL_12BANKNIFTY Intraday SHORT — Multi-Timeframe Rejection 30m Context Strong rally → blow-off top near 61,600 followed by sharp selloff to ~60,600. Price is now rotating inside that impulse = distribution / range market. Key 30m levels: 🔴 Supply: 61,250–61,350 ⚖️ Equilibrium: ~61,140 🟢 Demand: 60,950–61,000 Bias: ❌ No trades in the middle ✅ Only fade extremes 5m Structure Lower high near 61,300 → strong bearish impulse → weak pullback. Classic bearish pullback inside range (smart money selling rallies). Impulse: 61,300 → 61,050 50–61.8% Fib retrace = 61,170–61,220 (sell zone) Only shorts inside this zone. 1m Execution Inside sell zone: • Strong bearish candle • Upper wick rejection • No follow-through higher • Momentum shift That’s the trigger. ✅ Trade Plan (SHORT) Entry: 61,170–61,200 Stop: 61,260 (structure: 61,320) Targets: TP1: 61,080 TP2: 61,000 Runner: 60,950