Market Overview:
Bank Nifty closed at 48,506.40, and the following levels will be crucial for tomorrow’s session:
🔴 Last Intraday Resistance: 48,944
🟥 Opening Support Resistance: 48,713
🟠 Opening Resistance / Support Zone: 48,524
🟩 Opening Support Zone: 48,245 - 48,297
🟢 Last Intraday Support: 48,012
🟢 Strong Downside Support: 47,739
Considering a 200+ point gap opening, let’s analyze the possible trading scenarios.
🟢 Scenario 1: Gap-Up Opening (200+ Points Above 48,700)
If Bank Nifty opens above 48,700, it enters the Opening Support Resistance Zone and approaches the upper supply areas.
📌 Plan of Action:
Buy above 48,713 with a target of 48,944, keeping SL below 48,600.
Sell if 48,713 is rejected, targeting 48,524 with SL above 48,750.
Options traders can use 48,700 CE for longs and 48,900 PE if resistance holds.
🟡 Scenario 2: Flat Opening (Within 48,400 - 48,550)
A flat opening around the Opening Resistance / Support Zone (48,524 - 48,506) suggests a balanced market, requiring confirmation for further direction.
📌 Plan of Action:
Buy above 48,524, targeting 48,713, with SL at 48,450.
Sell below 48,506, targeting 48,297, with SL at 48,600.
Options traders can use 48,600 CE for bullish trades and 48,400 PE for bearish trades.
🔴 Scenario 3: Gap-Down Opening (200+ Points Below 48,300)
A gap-down below 48,300 brings Bank Nifty into the Opening Support Zone (48,245 - 48,297).
📌 Plan of Action:
Buy near 48,245, targeting 48,524, if support holds.
Sell below 48,245, targeting 48,012, with SL at 48,320.
Options traders can consider 48,200 PE for breakdowns and 48,300 CE for rebounds.
📊 Risk Management Tips for Options Trading
✅ Use Stop Loss on an Hourly Close Basis – Avoid holding options if the trend invalidates.
✅ Avoid Trading in Choppy Ranges – Let price break key levels before entering.
✅ Monitor India VIX – High volatility may cause sharp moves, adjust position sizing accordingly.
✅ Use Partial Profit Booking – Lock-in gains at resistance/support levels.
✅ Avoid Holding Positions Overnight – If the market is unclear, carry-forwarding options may lead to overnight risks.
📌 Summary & Conclusion
Bullish Bias: Above 48,713, Bank Nifty can test 48,944.
Range-Bound: If trading between 48,400 - 48,524, wait for a breakout.
Bearish Bias: Below 48,245, weakness can extend toward 48,012 or lower.
📌 Best Risk-Reward Trades:
Buy above 48,713 for 48,944.
Sell below 48,245 for 48,012.
Wait for confirmation in the 48,400 - 48,524 range.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your own research or consult a financial advisor before making any trading decisions.
Bank Nifty closed at 48,506.40, and the following levels will be crucial for tomorrow’s session:
🔴 Last Intraday Resistance: 48,944
🟥 Opening Support Resistance: 48,713
🟠 Opening Resistance / Support Zone: 48,524
🟩 Opening Support Zone: 48,245 - 48,297
🟢 Last Intraday Support: 48,012
🟢 Strong Downside Support: 47,739
Considering a 200+ point gap opening, let’s analyze the possible trading scenarios.
🟢 Scenario 1: Gap-Up Opening (200+ Points Above 48,700)
If Bank Nifty opens above 48,700, it enters the Opening Support Resistance Zone and approaches the upper supply areas.
- [] Sustaining Above 48,713 – A stable move above this level indicates strength, with potential upside toward the Last Intraday Resistance (48,944).
[] Rejection at 48,713 – If price fails to hold, a pullback toward the Opening Resistance/Support at 48,524 is likely. - Breakout Above 48,944 – If momentum is strong, expect an extended rally toward 49,100+, but be cautious of profit booking.
📌 Plan of Action:
Buy above 48,713 with a target of 48,944, keeping SL below 48,600.
Sell if 48,713 is rejected, targeting 48,524 with SL above 48,750.
Options traders can use 48,700 CE for longs and 48,900 PE if resistance holds.
🟡 Scenario 2: Flat Opening (Within 48,400 - 48,550)
A flat opening around the Opening Resistance / Support Zone (48,524 - 48,506) suggests a balanced market, requiring confirmation for further direction.
- [] Sustaining Above 48,524 – This level needs to hold for an upside push toward 48,713, with a potential breakout to 48,944.
[] Breaking Below 48,506 – If price moves downward, the first support lies at 48,297, followed by 48,245. - Sideways Action Between 48,450 - 48,524 – If price consolidates in this range, wait for a decisive breakout before entering a trade.
📌 Plan of Action:
Buy above 48,524, targeting 48,713, with SL at 48,450.
Sell below 48,506, targeting 48,297, with SL at 48,600.
Options traders can use 48,600 CE for bullish trades and 48,400 PE for bearish trades.
🔴 Scenario 3: Gap-Down Opening (200+ Points Below 48,300)
A gap-down below 48,300 brings Bank Nifty into the Opening Support Zone (48,245 - 48,297).
- [] Holding 48,245 – If buyers step in at this level, a bounce toward 48,524 is possible.
[] Breaking 48,245 – A breakdown signals weakness, with the next target at 48,012 (Last Intraday Support). - Breaking Below 48,012 – If further selling occurs, expect downside till 47,739, where major buying interest might emerge.
📌 Plan of Action:
Buy near 48,245, targeting 48,524, if support holds.
Sell below 48,245, targeting 48,012, with SL at 48,320.
Options traders can consider 48,200 PE for breakdowns and 48,300 CE for rebounds.
📊 Risk Management Tips for Options Trading
✅ Use Stop Loss on an Hourly Close Basis – Avoid holding options if the trend invalidates.
✅ Avoid Trading in Choppy Ranges – Let price break key levels before entering.
✅ Monitor India VIX – High volatility may cause sharp moves, adjust position sizing accordingly.
✅ Use Partial Profit Booking – Lock-in gains at resistance/support levels.
✅ Avoid Holding Positions Overnight – If the market is unclear, carry-forwarding options may lead to overnight risks.
📌 Summary & Conclusion
Bullish Bias: Above 48,713, Bank Nifty can test 48,944.
Range-Bound: If trading between 48,400 - 48,524, wait for a breakout.
Bearish Bias: Below 48,245, weakness can extend toward 48,012 or lower.
📌 Best Risk-Reward Trades:
Buy above 48,713 for 48,944.
Sell below 48,245 for 48,012.
Wait for confirmation in the 48,400 - 48,524 range.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your own research or consult a financial advisor before making any trading decisions.
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.