📊 BANK NIFTY Trading Plan – 17-Mar-2025
Bank Nifty is currently trading near 48,024 and reacting to the Opening Support Zone: 47,975 – 48,027. Chart shows clear zones for both supply and demand. Let’s break it down into three opening scenarios with well-defined trade plans.
🟢 Scenario 1: Gap-Up Opening (200+ points)
If Bank Nifty opens above 48,227 (i.e. directly into or above the Opening Resistance Zone: 48,267 – 48,323), it could witness supply pressure in the short term.
✅ Plan of Action:
📝 Why this works: These zones reflect earlier consolidation, where either buyers or sellers dominated. Reaction at this zone determines the intraday trend.
📌 Key Levels:
🔺 Resistance: 48,267 | 48,323 | 48,457
🎯 Target: 48,639 | 48,708
🛑 SL (if shorting near resistance): Above 48,357
🟨 Scenario 2: Flat Opening (Within 100 points)
A flat opening near 48,000 – 48,050 would mean prices open inside the Opening Support Zone: 47,975 – 48,027.
✅ Plan of Action:
📝 Why this works: The market often retests previous zones of buying/selling pressure. A flat opening gives traders the opportunity to assess real-time sentiment based on price reaction at these zones.
📌 Key Levels:
🟧 Support: 47,975 | 47,839
🔺 Resistance: 48,121 | 48,267
📉 Breakdown Target: 47,839 → 47,621
🔻 Scenario 3: Gap-Down Opening (200+ points)
If Bank Nifty opens below 47,839, it would directly test the last intraday support zone, possibly heading towards the Buyer’s Support: 47,527 – 47,621.
✅ Plan of Action:
📝 Why this works: Gap-downs often cause panic, but these also provide traps for sellers. Reversal zones like Buyer’s Support give excellent bounce-back trades when combined with price confirmation.
📌 Key Levels:
🔻 Panic Support: 47,621 | 47,527
🎯 Bounce Target: 47,839 | 48,027
🛑 SL (if buying near bottom): Below 47,470
🛡️ Risk Management Tips for Options Traders
🔹 Avoid trading the first 5 minutes: Let volatility settle.
🔹 Time decay alert: Avoid buying far OTM options post 11:30 AM.
🔹 Use spreads: Hedge naked calls or puts with spreads to reduce risk.
🔹 Avoid overleveraging: One trade should not blow your capital. Stick to position sizing.
🔹 Set a Daily Stop Loss: Define your max loss for the day and strictly stop trading if hit.
✅ Summary & Conclusion
📌 Gap-Up Opening: Watch for breakout above 48,323, aim for 48,457 → 48,639, else fade if price rejects resistance.
📌 Flat Opening: Respect 47,975 – 48,027 zone. Longs possible on hold; breakdown leads to 47,839.
📌 Gap-Down Opening: Monitor 47,621 – 47,527 for potential bounce. Breakdown below 47,527 could mean deeper correction.
🎯 The best trades will come from zones where price reacts strongly. Combine price action confirmation with good risk-reward setups.
📜 Disclaimer
I am not a SEBI-registered analyst. This content is intended purely for educational purposes. Please do your own analysis or consult a financial advisor before making any trading or investment decisions.
Bank Nifty is currently trading near 48,024 and reacting to the Opening Support Zone: 47,975 – 48,027. Chart shows clear zones for both supply and demand. Let’s break it down into three opening scenarios with well-defined trade plans.
🟢 Scenario 1: Gap-Up Opening (200+ points)
If Bank Nifty opens above 48,227 (i.e. directly into or above the Opening Resistance Zone: 48,267 – 48,323), it could witness supply pressure in the short term.
✅ Plan of Action:
- [] If price opens in 48,267 – 48,323, wait and observe the first 15–30 minutes.
[] A bullish breakout and strong candle above 48,323 with volume can trigger a move towards the last intraday resistance at 48,457.
[] Above 48,457, next target is the Profit Booking Zone: 48,639 – 48,708, where one can partially book profits.
[] If price gets rejected from 48,323 and forms lower highs, consider light put positions with strict SL above 48,357.
📝 Why this works: These zones reflect earlier consolidation, where either buyers or sellers dominated. Reaction at this zone determines the intraday trend.
📌 Key Levels:
🔺 Resistance: 48,267 | 48,323 | 48,457
🎯 Target: 48,639 | 48,708
🛑 SL (if shorting near resistance): Above 48,357
🟨 Scenario 2: Flat Opening (Within 100 points)
A flat opening near 48,000 – 48,050 would mean prices open inside the Opening Support Zone: 47,975 – 48,027.
✅ Plan of Action:
- [] Watch how prices behave near 47,975. If it holds and 15-min candle shows bullish rejection, go long for targets of 48,121 – 48,267.
[] If there's no momentum or a range forms between 47,975 – 48,121, expect consolidation. Trade only near extremes of the range.
[] Breakdown below 47,975 with follow-through volume can drag prices to 47,839 (gap-down support zone).
[] Avoid aggressive trades in a sideways market. Be patient for breakout/breakdown confirmation.
📝 Why this works: The market often retests previous zones of buying/selling pressure. A flat opening gives traders the opportunity to assess real-time sentiment based on price reaction at these zones.
📌 Key Levels:
🟧 Support: 47,975 | 47,839
🔺 Resistance: 48,121 | 48,267
📉 Breakdown Target: 47,839 → 47,621
🔻 Scenario 3: Gap-Down Opening (200+ points)
If Bank Nifty opens below 47,839, it would directly test the last intraday support zone, possibly heading towards the Buyer’s Support: 47,527 – 47,621.
✅ Plan of Action:
- [] If price stabilizes around 47,621 – 47,527, observe for reversal patterns like hammer, bullish engulfing or RSI divergence.
[] A bounce from this zone offers risk-reward favorable longs, with targets of 47,839 – 48,000.
[] If selling pressure is strong and 15-min candle closes below 47,527, avoid longs — more downside may unfold.
[] Only consider fresh shorts if price shows consolidation below 47,527, targeting 47,400 – 47,250 levels.
📝 Why this works: Gap-downs often cause panic, but these also provide traps for sellers. Reversal zones like Buyer’s Support give excellent bounce-back trades when combined with price confirmation.
📌 Key Levels:
🔻 Panic Support: 47,621 | 47,527
🎯 Bounce Target: 47,839 | 48,027
🛑 SL (if buying near bottom): Below 47,470
🛡️ Risk Management Tips for Options Traders
🔹 Avoid trading the first 5 minutes: Let volatility settle.
🔹 Time decay alert: Avoid buying far OTM options post 11:30 AM.
🔹 Use spreads: Hedge naked calls or puts with spreads to reduce risk.
🔹 Avoid overleveraging: One trade should not blow your capital. Stick to position sizing.
🔹 Set a Daily Stop Loss: Define your max loss for the day and strictly stop trading if hit.
✅ Summary & Conclusion
📌 Gap-Up Opening: Watch for breakout above 48,323, aim for 48,457 → 48,639, else fade if price rejects resistance.
📌 Flat Opening: Respect 47,975 – 48,027 zone. Longs possible on hold; breakdown leads to 47,839.
📌 Gap-Down Opening: Monitor 47,621 – 47,527 for potential bounce. Breakdown below 47,527 could mean deeper correction.
🎯 The best trades will come from zones where price reacts strongly. Combine price action confirmation with good risk-reward setups.
📜 Disclaimer
I am not a SEBI-registered analyst. This content is intended purely for educational purposes. Please do your own analysis or consult a financial advisor before making any trading or investment 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.