BANKNIFTY | Major CHoCH — Liquidity Sits Far BelowNifty Bank IndexNSE_DLY:BANKNIFTYBigBeluga📊 Daily Timeframe On the Daily, the #BANKNIFTY (Nifty Bank Index) had been in a clear uptrend — until price printed a major CHoCH, the first structural signal that the trend is shifting to the downside. Right now, price is reacting from a Breaker Block (57,685 – 58,727). The expectation is for a rejection from here — or a slightly deeper corrective push up into the Order Block above (60,824 – 61,333) — before a larger move down toward the sell-side liquidity (SSL) resting below. The downside liquidity targets are stacked: first 49,937.75, then the deeper pool at 47,739.10. The bearish thesis stays valid as long as price holds below its high — a clean break above the buy-side liquidity at 61,760.90 would invalidate the setup. ⏱️ Entry Approach On the 1H, price had been in an uptrend and has now reached the bearish daily zone of interest — tapping into supply. The entry plan: we wait for price to break the 1H Protected Low at 57,083.85, then correct back up, and from that lower-high we look to position short — targeting the daily sell-side liquidity below. We let structure confirm the shift before committing, rather than picking the top blindly. 🎯 The Game Plan Daily bias: shifting bearish after a major CHoCH, reacting from the Breaker Block (57,685 – 58,727). Possible deeper retracement into the Order Block above (60,824 – 61,333) before the drop. 1H trigger: a break of the Protected Low (57,083.85) + a corrective pullback to position short. Targets: SSL at 49,937.75, then 47,739.10. Invalidation: a clean break above 61,760.90. 📰 Fundamental Backdrop The technical shift lines up with the broader picture for Indian financials. The Bank Nifty tracks the country's largest banking names and is one of the most actively traded indices on the NSE, with sentiment driven by domestic flows, rate expectations, and global risk appetite. After an extended uptrend, a major structural shift like this one tends to draw fresh attention back to the index — making the current supply zone a key area to watch as the trend attempts to turn lower. This analysis will be updated as the market evolves. If this breakdown added value, drop a like 👍 and a comment 💬 to support the work — and share where you see the Bank Nifty heading next! Best Regards, BigBeluga 🐳