🧠 Bank Nifty Trading Plan – 24th March 2025 (Educational & Action-Oriented)
Chart Timeframe: 15-Min | Analysis based on key price behavior and support-resistance zones.
🔍 [Gap Opening Consideration: 200+ pts]
🧰 Risk Management Tips for Options Traders:
• Never go all-in at open – wait for confirmation from first 15–30 min candle.
• Use hedged strategies like bull call spreads or bear put spreads to limit loss and reduce theta decay.
• Respect SL strictly based on 15-min closing levels.
• If VIX is high, premiums will move fast. Trade light, exit early.
• Never average losing trades, especially in options.
📌 Summary & Conclusion:
For 24-Mar-2025, Bank Nifty's range has shifted upwards with new key zones in focus.
Watch for reaction near 50,904 & 51,218 for reversal signals.
Support remains strong near 50,111 & 49,852.
Let the market open, show intent, and only then enter. Patience = Profit!
⚠️ Disclaimer: I am not a SEBI-registered analyst. All views shared are for educational purposes only. Please consult your financial advisor before making any trading decisions.
Chart Timeframe: 15-Min | Analysis based on key price behavior and support-resistance zones.
🔍 [Gap Opening Consideration: 200+ pts]
- 📈 GAP-UP Opening (Above 50,904 – 51,218)
If Bank Nifty opens with a strong gap-up above the Opening Resistance of 50,904, prices will be entering a retracement resistance zone up to 51,218.
✅ Plan of Action:
• Watch for price exhaustion near 51,218 – a zone where sellers may attempt to trap late buyers.
• Avoid aggressive buying at open. Instead, wait for a rejection candle (like an inverted hammer or bearish engulfing) near resistance.
• If reversal signs appear, look for Put Option entries (OTM PE) with tight SL above 51,250 on 15-min close.
• Bullish continuation only above 51,218 with strong volume. That opens upside targets towards fresh highs.
🛑 Avoid chasing CE after gap-up unless there's a retest and breakout above 51,218.
📌 Key Zone to Watch: 50,904 – 51,218 - 📊 FLAT Opening (Near 50,460 – 50,570)
Opening near the resistance/support band of 50,462 – 50,570 could lead to consolidation initially.
✅ Plan of Action:
• First 15–30 minutes: Let price settle. If it holds above 50,570, we may see an up move towards 50,904.
• If price breaks below 50,462, expect quick profit booking, and the index may fall toward the green support zone (50,111 – 50,216).
• This is a stock-specific intraday day. Avoid index scalping unless directional clarity comes after first 30 min.
💡 Tip: Straddle players may enjoy decay here, but don't hold beyond consolidation breakout.
📌 Key Levels:
Support: 50,462 – 50,216
Resistance: 50,570 – 50,904 - 📉 GAP-DOWN Opening (Below 50,216 or 50,111)
A bearish open below the Opening Support Zone (50,111 – 50,216) indicates potential for sharp intraday correction.
✅ Plan of Action:
• Immediate demand may be seen around Last Intraday Support (50,111) or deeper at Buyer's Support 49,852.
• Watch for reversal candles near these zones. A bullish engulfing or pin bar here offers good risk/reward Call buying opportunities.
• SL for CE entry should be below 49,800 on 15-min candle close.
• If 49,852 breaks, expect a sharp selloff. Stay away from longs. Look for PE entries targeting 49,500.
🟢 Safer CE trades only if price respects 50,111 or 49,852 with volume spike.
📌 Important Zones:
• Demand: 50,111 & 49,852
• Breakdown Trigger: Below 49,800
🧰 Risk Management Tips for Options Traders:
• Never go all-in at open – wait for confirmation from first 15–30 min candle.
• Use hedged strategies like bull call spreads or bear put spreads to limit loss and reduce theta decay.
• Respect SL strictly based on 15-min closing levels.
• If VIX is high, premiums will move fast. Trade light, exit early.
• Never average losing trades, especially in options.
📌 Summary & Conclusion:
For 24-Mar-2025, Bank Nifty's range has shifted upwards with new key zones in focus.
Watch for reaction near 50,904 & 51,218 for reversal signals.
Support remains strong near 50,111 & 49,852.
Let the market open, show intent, and only then enter. Patience = Profit!
⚠️ Disclaimer: I am not a SEBI-registered analyst. All views shared are for educational purposes only. Please consult your 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.