📌 Key Levels to Watch:
🔴 Resistance Levels: 48,944 | 49,151-49,234
🟢 Support Levels: 48,524 | 48,217-48,257
📝 Market Context:
Bank Nifty has shown strength near 48,600, with key resistance at 48,944. A breakout beyond this can trigger further momentum toward 49,100+. On the downside, a breakdown below 48,524 can push prices lower toward 48,217.
📈 Scenario 1: Gap-Up Opening (> 48,800) 🚀
If Bank Nifty opens above 48,800, it indicates bullish momentum. A breakout above 48,944 will confirm further upside.
- Buy above 48,944 🔼
🎯 Target: 49,151 – 49,234
🛑 Stop Loss: 48,800
📝 Plan: A sustained move above 48,944 signals strength. Look for volume confirmation before entering. If momentum weakens near 49,151, consider partial profit booking. - Rejection at 48,944 ❌
🔽 Sell below 48,944
🎯 Target: 48,700 – 48,600
🛑 Stop Loss: 49,000
📝 Plan: If price fails to sustain above 48,944 and forms a reversal pattern, a short opportunity arises with a risk-controlled approach.
📉 Scenario 2: Flat Opening (48,450 – 48,650) 📊
A flat opening within 48,450 – 48,650 suggests indecision. We wait for a breakout or breakdown.
- Buy above 48,650 🔼
🎯 Target: 48,944
🛑 Stop Loss: 48,500
📝 Plan: If price holds above 48,650, it can retest 48,944. Watch for price action confirmation before entering. - Sell below 48,524 🔽
🎯 Target: 48,300 – 48,217
🛑 Stop Loss: 48,600
📝 Plan: If price rejects 48,600-48,524, a downside move towards 48,217 is possible. Volume confirmation is key for safe entry.
📉 Scenario 3: Gap-Down Opening (< 48,400) ⚠️
A gap-down below 48,400 indicates weakness. Immediate support is at 48,217 – 48,257.
- Buy near 48,217 – 48,257 🟢
🎯 Target: 48,524
🛑 Stop Loss: 48,150
📝 Plan: If price stabilizes at 48,217-48,257, it could bounce back towards 48,524. Ideal for risk-managed long positions. - Sell below 48,217 🔽
🎯 Target: 48,012 – 47,900
🛑 Stop Loss: 48,300
📝 Plan: If selling pressure increases, a breakdown below 48,217 could lead to further downside. Avoid panic selling; wait for confirmation.
💡 Risk Management Tips for Options Traders 🎯
✅ Time Decay Awareness: Avoid buying options too late in the session to minimize theta decay.
✅ Stop-Loss Discipline: Always set SL based on chart structure, not emotions.
✅ Position Sizing: Don’t risk more than 2% of your capital per trade.
✅ Avoid Overtrading: Stick to high-probability setups.
📌 Summary & Conclusion 📌
🔹 Bullish above 48,944 for 49,151-49,234.
🔹 Bearish below 48,217 for 48,012-47,900.
🔹 Flat open needs confirmation for direction.
🔹 Key levels to watch: 48,524 support | 48,944 resistance.
📢 Stay disciplined, trade with a plan, and manage risk wisely!
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Do your own research or consult a 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.