🔔 BANKNIFTY INTRADAY ACTION PLAN – 20-Mar-2025
📊 Timeframe: 15 Min | 📅 Date: Thursday, 20-Mar-2025
📍 Reference Close: 49,727
📏 Gap Opening Reference: 200+ points
📈 1. GAP-UP Opening Scenario (Opening Above 49,900)
If BANKNIFTY opens above 49,900 (200+ pts gap-up), it will enter the red supply zone near Profit Booking / Consolidation Zone: 50,009 – 50,113.
✅ Action Plan:
- Avoid aggressive longs directly at the open.
- Wait and watch for signs of rejection or exhaustion near 50,009–50,113.
- If price starts forming lower highs or a reversal pattern (like bearish engulfing or pin bar), consider short trades with a stop loss above 50,113.
- Safe traders should wait for a break below 49,845 to confirm short momentum.
💡 Insight: This zone has high probability of profit booking and trap formations for late buyers.
📊 2. FLAT Opening Scenario (Within 49,600 – 49,800 range)
If BANKNIFTY opens flat, likely between Opening Resistance: 49,448 – 49,513 and 49,727:
✅ Action Plan:
- This is the most strategic opening zone—allow the price to settle for first 15–30 mins.
- A bullish breakout above 49,845 with volume can trigger a long entry towards 50,009+, but do not chase without confirmation.
- If rejection occurs at 49,845, short trades with target towards 49,448–49,116 are possible.
- Breakdown below 49,513 may trigger a gradual move towards 49,116 / 48,864.
💡 Insight: This is a reactive zone. Follow market structure and avoid overtrading in chop.
📉 3. GAP-DOWN Opening Scenario (Opening Below 49,500)
If BANKNIFTY opens with a gap-down of 200+ points, below 49,500:
✅ Action Plan:
- Watch support zones at 49,116 (first support) and 48,864 (strong support).
- If prices hold above 49,116 and show reversal candles, consider intraday long with tight SL below 48,864.
- If price sustains below 48,864 with volume, expect further downside—do not try to bottom-fish blindly.
💡 Insight: Gap-downs often trap weak hands. Let the structure develop before acting.
⚠️ OPTIONS TRADING – RISK MANAGEMENT TIPS:
📌 Summary & Conclusion:
🚀 Let the price show intent. React smartly. Avoid trading just because the market is open.
📢 Disclaimer: I am not a SEBI-registered analyst. This post is for educational purposes only. Please consult your financial advisor before taking any position.
📊 Timeframe: 15 Min | 📅 Date: Thursday, 20-Mar-2025
📍 Reference Close: 49,727
📏 Gap Opening Reference: 200+ points
📈 1. GAP-UP Opening Scenario (Opening Above 49,900)
If BANKNIFTY opens above 49,900 (200+ pts gap-up), it will enter the red supply zone near Profit Booking / Consolidation Zone: 50,009 – 50,113.
✅ Action Plan:
- Avoid aggressive longs directly at the open.
- Wait and watch for signs of rejection or exhaustion near 50,009–50,113.
- If price starts forming lower highs or a reversal pattern (like bearish engulfing or pin bar), consider short trades with a stop loss above 50,113.
- Safe traders should wait for a break below 49,845 to confirm short momentum.
💡 Insight: This zone has high probability of profit booking and trap formations for late buyers.
📊 2. FLAT Opening Scenario (Within 49,600 – 49,800 range)
If BANKNIFTY opens flat, likely between Opening Resistance: 49,448 – 49,513 and 49,727:
✅ Action Plan:
- This is the most strategic opening zone—allow the price to settle for first 15–30 mins.
- A bullish breakout above 49,845 with volume can trigger a long entry towards 50,009+, but do not chase without confirmation.
- If rejection occurs at 49,845, short trades with target towards 49,448–49,116 are possible.
- Breakdown below 49,513 may trigger a gradual move towards 49,116 / 48,864.
💡 Insight: This is a reactive zone. Follow market structure and avoid overtrading in chop.
📉 3. GAP-DOWN Opening Scenario (Opening Below 49,500)
If BANKNIFTY opens with a gap-down of 200+ points, below 49,500:
✅ Action Plan:
- Watch support zones at 49,116 (first support) and 48,864 (strong support).
- If prices hold above 49,116 and show reversal candles, consider intraday long with tight SL below 48,864.
- If price sustains below 48,864 with volume, expect further downside—do not try to bottom-fish blindly.
💡 Insight: Gap-downs often trap weak hands. Let the structure develop before acting.
⚠️ OPTIONS TRADING – RISK MANAGEMENT TIPS:
- [] Use defined stop losses based on 15/30 min candle close. Avoid emotional exits.
[] Prefer in-the-money (ITM) options during trending moves for better delta and stability.
[] Avoid buying options when IV is high—especially after big gap openings.
[] Consider hedged strategies like bull/bear spreads to protect against volatility crush. - Keep risk per trade under 2% of capital to ensure survival over the long term.
📌 Summary & Conclusion:
- [] Above 49,845: Watch for exhaustion → potential short near 50,009–50,113
[] Flat Zone: Wait for either breakout (49,845) or breakdown (49,513) confirmation - Below 49,116: Last supports lie at 48,864 – key zone to avoid catching falling knives
🚀 Let the price show intent. React smartly. Avoid trading just because the market is open.
📢 Disclaimer: I am not a SEBI-registered analyst. This post is for educational purposes only. Please consult your financial advisor before taking any position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.