📅 BANK NIFTY INTRADAY TRADING PLAN – 18th March 2025 (Tuesday)
📊 Chart Timeframe: 15 Min | Reference Closing: 48,347
🔍 Chart Structure Summary:
Bank Nifty closed near the higher band of the No Trade Zone (48,267–48,457). We have a clear structure forming, with important supply and demand levels on both sides. Watch closely how price behaves near Opening Resistance and Buyers’ Support Zones to frame directional trades.
🟥 GAP-UP OPENING (200+ points): Above 48,550+)
If Bank Nifty opens with a big GAP-UP above 48,550, we’ll likely open directly near or above the Last Intraday Resistance Zone (48,639–48,708).
🧠 Educational Note: Never chase gaps blindly. Let the price cool off and give confirmation around structure zones.
🟨 FLAT OPENING (within 48,267–48,457): No Trade Zone
A flat opening inside the yellow “No Trade Zone” demands caution.
🧠 Tip: First 30 mins is often a trap in tight-range zones. Let price action confirm strength/weakness before entering.
🟩 GAP-DOWN OPENING (200+ points): Below 48,100)
A gap-down opening near or below 48,105 or 47,950 can offer strong intraday opportunities.
🧠 Insight: Buyer zones are often tested with false breakdowns—wait for hourly candle closure to confirm breakdown.
📘 Risk Management Tips for Option Traders:
💡
📌 Summary & Conclusion:
✅ Key Resistance Levels: 48,457 / 48,708 / 48,894
✅ Key Support Levels: 48,105 / 47,873 / 47,600
✅ No Trade Zone: 48,267–48,457
👉 Trade only on confirmation and be mindful of market traps within the range.
🎯 Focus on structure, patience, and risk control. Let the market come to you.
❗Disclaimer: I am not a SEBI registered analyst. This plan is shared for educational purposes only. Do your own research or consult your financial advisor before trading.
📊 Chart Timeframe: 15 Min | Reference Closing: 48,347
🔍 Chart Structure Summary:
Bank Nifty closed near the higher band of the No Trade Zone (48,267–48,457). We have a clear structure forming, with important supply and demand levels on both sides. Watch closely how price behaves near Opening Resistance and Buyers’ Support Zones to frame directional trades.
🟥 GAP-UP OPENING (200+ points): Above 48,550+)
If Bank Nifty opens with a big GAP-UP above 48,550, we’ll likely open directly near or above the Last Intraday Resistance Zone (48,639–48,708).
- []In this case, avoid aggressive buying at open. Wait for a pullback near 48,457–48,550, if supported, fresh longs can be considered.
[]Target zone becomes Profit Booking Range: 48,834 – 48,894. []Only if price sustains above 48,708 for 15-min, then momentum may carry us to 48,894. Book profits gradually. []Avoid fresh shorts unless there’s a reversal candle from 48,834+ range.
🧠 Educational Note: Never chase gaps blindly. Let the price cool off and give confirmation around structure zones.
🟨 FLAT OPENING (within 48,267–48,457): No Trade Zone
A flat opening inside the yellow “No Trade Zone” demands caution.
- []Avoid trading immediately at the open if price is between 48,267–48,457. This area has been consolidation-heavy and may trigger whipsaws. []Wait for a breakout above 48,457 to initiate longs with a potential move towards 48,639–48,708.
- If price breaks below 48,267 with volume, expect a slide towards Last Intraday Support at 48,105.
🧠 Tip: First 30 mins is often a trap in tight-range zones. Let price action confirm strength/weakness before entering.
🟩 GAP-DOWN OPENING (200+ points): Below 48,100)
A gap-down opening near or below 48,105 or 47,950 can offer strong intraday opportunities.
- []If price opens near Buyers’ Support Zone (47,873–47,944) and shows reversal patterns, go long with SL below 47,873. []Upside target can be 48,105 initially and if sustained, then 48,267. []On the contrary, if 47,873 breaks convincingly, sellers may drive prices toward 47,700–47,600 zone. []Wait for structure to form before picking direction.
🧠 Insight: Buyer zones are often tested with false breakdowns—wait for hourly candle closure to confirm breakdown.
📘 Risk Management Tips for Option Traders:
💡
- []Trade near structure zones. Avoid trading based purely on option premiums. []Always define stop-loss levels before entering a trade. []Avoid selling deep OTM options blindly during directional moves. []Time decay (Theta) is your enemy in sideways markets—trade only when direction is clear.
- Position sizing is key—don't risk more than 1–2% of your capital per trade.
📌 Summary & Conclusion:
✅ Key Resistance Levels: 48,457 / 48,708 / 48,894
✅ Key Support Levels: 48,105 / 47,873 / 47,600
✅ No Trade Zone: 48,267–48,457
👉 Trade only on confirmation and be mindful of market traps within the range.
🎯 Focus on structure, patience, and risk control. Let the market come to you.
❗Disclaimer: I am not a SEBI registered analyst. This plan is shared for educational purposes only. Do your own research or consult your financial advisor before trading.
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.