📅 BANK NIFTY TRADING PLAN – 11-Mar-2025
🕘 Time Frame: 15-Minutes | 📍 Strategy Type: Structure + Psychological Zones
📉 Yesterday Close: 48,168
📌 Gap Reference: Consider 200+ points as significant gap for tomorrow's session.
🔼 1. GAP-UP OPENING (Above 48,368+)
A gap-up above 48,368+ may place prices directly inside or near the Golden Retracement Zone (48,035–48,299) or even challenge the first resistance of 48,412 / 48,626.
🧠 Plan of Action:
If opening is around 48,400–48,500, wait for price action confirmation near 48,626, which is also last intraday resistance.
If you see a rejection candle or bearish engulfing pattern, this is an opportunity to go short with SL above 48,868.
Partial profit can be booked around 48,168–48,035 zone.
On strong breakout and hourly close above 48,868, one may consider riding long till 49,113 with strict SL below 48,626.
🎯 Short Trigger Zone: 48,600–48,800
📈 Long Trigger Zone (Breakout): Above 48,868 with volume
➖ 2. FLAT OPENING (±100 points near 48,168)
This is the most delicate opening as price will remain inside the Opening Resistance/Support Zone (48,035–48,299). Whipsaws are common here.
🧠 Plan of Action:
Avoid first 30 mins of trade to let price settle.
If Bank Nifty bounces from 48,035–48,100, and forms a bullish candle, consider it a low-risk long opportunity with SL below 48,000.
Upside target remains 48,412 / 48,626.
However, if price decisively breaks below 48,035, especially after 10:30 AM with volume, you may consider shorting with SL above 48,168 targeting 47,573 – 47,363.
🔎 Key Tip: Flat openings require patience. Wait for strong 15-min candle outside the support/resistance band before taking action.
🔽 3. GAP-DOWN OPENING (Below 47,968)
A gap-down below 47,968 indicates bearish control and may bring the price directly into the “Must Try Zone for Buyers” (47,573 – 47,363).
🧠 Plan of Action:
If price opens around 47,600–47,400, wait for a 15-min bullish reversal candle (like hammer, bullish engulfing).
You can consider a long position with SL below 47,363 (preferably on hourly close).
If buyers fail to protect this zone and price sustains below 47,363, this will trigger fresh downside — avoid catching falling knives and switch to short bias.
🎯 Buy Zone: 47,573 – 47,363 (Only on reversal pattern confirmation)
📉 Breakdown Zone: Below 47,363 with hourly candle
💡 Risk Management Tips for Options Traders:
📌 Summary & Conclusion:
Watch 48,626 as a major resistance — rejection here may bring intraday weakness.
Key support lies at 48,035 and deeper at 47,573 – 47,363, which is a critical make-or-break zone.
Gap-up = Cautious short near resistance
Flat = Wait for structure to unfold
Gap-down = Reversal play or breakdown opportunity based on price reaction
Always let the price action confirm your bias and follow your plan with discipline.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is shared for educational purposes only. Please consult your financial advisor before making any trading decisions.
🕘 Time Frame: 15-Minutes | 📍 Strategy Type: Structure + Psychological Zones
📉 Yesterday Close: 48,168
📌 Gap Reference: Consider 200+ points as significant gap for tomorrow's session.
🔼 1. GAP-UP OPENING (Above 48,368+)
A gap-up above 48,368+ may place prices directly inside or near the Golden Retracement Zone (48,035–48,299) or even challenge the first resistance of 48,412 / 48,626.
🧠 Plan of Action:
If opening is around 48,400–48,500, wait for price action confirmation near 48,626, which is also last intraday resistance.
If you see a rejection candle or bearish engulfing pattern, this is an opportunity to go short with SL above 48,868.
Partial profit can be booked around 48,168–48,035 zone.
On strong breakout and hourly close above 48,868, one may consider riding long till 49,113 with strict SL below 48,626.
🎯 Short Trigger Zone: 48,600–48,800
📈 Long Trigger Zone (Breakout): Above 48,868 with volume
➖ 2. FLAT OPENING (±100 points near 48,168)
This is the most delicate opening as price will remain inside the Opening Resistance/Support Zone (48,035–48,299). Whipsaws are common here.
🧠 Plan of Action:
Avoid first 30 mins of trade to let price settle.
If Bank Nifty bounces from 48,035–48,100, and forms a bullish candle, consider it a low-risk long opportunity with SL below 48,000.
Upside target remains 48,412 / 48,626.
However, if price decisively breaks below 48,035, especially after 10:30 AM with volume, you may consider shorting with SL above 48,168 targeting 47,573 – 47,363.
🔎 Key Tip: Flat openings require patience. Wait for strong 15-min candle outside the support/resistance band before taking action.
🔽 3. GAP-DOWN OPENING (Below 47,968)
A gap-down below 47,968 indicates bearish control and may bring the price directly into the “Must Try Zone for Buyers” (47,573 – 47,363).
🧠 Plan of Action:
If price opens around 47,600–47,400, wait for a 15-min bullish reversal candle (like hammer, bullish engulfing).
You can consider a long position with SL below 47,363 (preferably on hourly close).
If buyers fail to protect this zone and price sustains below 47,363, this will trigger fresh downside — avoid catching falling knives and switch to short bias.
🎯 Buy Zone: 47,573 – 47,363 (Only on reversal pattern confirmation)
📉 Breakdown Zone: Below 47,363 with hourly candle
💡 Risk Management Tips for Options Traders:
- [] Never buy options blindly on open – wait for direction clarity after the first 15-30 mins. [] Use spreads (Bull Call or Bear Put) near key zones to minimize premium decay. [] Place hard SL on premium or index level — whichever hits first. [] Avoid over-leveraging on gap-up/gap-down — IV crush can kill premiums even if direction is right.
- Book partial profits and trail stop-loss to reduce emotional decisions.
📌 Summary & Conclusion:
Watch 48,626 as a major resistance — rejection here may bring intraday weakness.
Key support lies at 48,035 and deeper at 47,573 – 47,363, which is a critical make-or-break zone.
Gap-up = Cautious short near resistance
Flat = Wait for structure to unfold
Gap-down = Reversal play or breakdown opportunity based on price reaction
Always let the price action confirm your bias and follow your plan with discipline.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is shared 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.