📊 Nifty Trading Plan – 24-Mar-2025 (Educational & Strategy-Oriented)
Chart Timeframe: 15-Min | Key reference zones marked on chart
📍 [Gap Opening Reference: 100+ Points]
🛡️ Risk Management Tips for Options Traders:
• Avoid trading first 5–15 mins after opening, especially on gap days – let price give structure.
• Use hedged strategies like Bull Call or Bear Put Spreads to reduce premium loss due to theta decay.
• Trade light near reversal zones – don’t go all-in on emotional conviction.
• Always place stop-loss on closing basis (15-min candle), not fixed points, especially during volatile moves.
• If VIX is high, premiums are inflated – focus on quick entry & exit, no holding hoping for magic.
📌 Summary & Conclusion:
• Nifty has entered a critical decision zone.
• Watch 23,407 carefully – above it, bulls may attempt a final push to 23,582, but signs of exhaustion there are likely.
• On the downside, supports at 23,185 & 22,985 will act as bounce zones.
• Directional trades should be initiated only after price confirms intent post opening.
• Use structure + volume for confidence in setups.
⚠️ Disclaimer: I am not a SEBI-registered analyst. The above content is for educational purposes only. Please do your own analysis or consult a certified financial advisor before making any trading decisions.
Chart Timeframe: 15-Min | Key reference zones marked on chart
📍 [Gap Opening Reference: 100+ Points]
- 🚀 GAP-UP Opening (Above 23,407)
If Nifty opens with a gap-up above 23,407, it will enter the Wave 3 Resistance Zone (23,508 – 23,582), which is a high-probability reversal zone.
✅ Plan of Action:
• Don’t rush into buying after the gap-up. Wait and observe the price behavior around 23,508 – 23,582.
• This area is likely to witness profit booking or short build-up.
• Look for signs of reversal like bearish engulfing, shooting star, or bearish divergence on RSI.
• If such patterns form, consider buying Put Options (OTM PE) with a stop-loss on a 15-min candle closing above 23,585.
• If Nifty sustains above 23,582 with strong volume, then we might be heading into an extended up-move, but this is lower probability.
• Safer trades are shorting on signs of exhaustion at higher levels.
📌 Key Zone to Watch: 23,508 – 23,582 (Wave 3 Resistance) - 📈 FLAT Opening (Between 23,245 – 23,407)
This is the Opening Resistance / Support Band (23,345 – 23,407), acting as a decision-making zone.
✅ Plan of Action:
• Let the market settle in the first 15–30 mins.
• If price holds and builds strength above 23,345, Nifty may climb towards 23,407, and if broken, test 23,508+.
• Weak price action (rejection wicks or low volumes) from 23,345–23,407 signals weakness. In that case, look for short opportunities with SL above 23,407.
• Avoid CE entries unless price sustains above 23,407 with momentum and volume breakout.
• If price starts to slip below 23,245, sellers will get more active and price could drop quickly to next support.
📌 Key Decision Zone: 23,345 – 23,407
📌 Support Trigger: 23,245 (Opening Support) - 📉 GAP-DOWN Opening (Below 23,245 or near 23,185 – 22,985)
If Nifty opens below the Opening Support at 23,245, or even near deeper support zones of 23,185 or 22,985, it will bring in volatility and create both breakdown and reversal opportunities.
✅ Plan of Action:
• A gap-down near 23,185 should be watched carefully. This is a minor intraday support. If held with a bullish candle (like a hammer), consider buying CE with SL below 23,160.
• If the gap-down extends to 22,985 (Last Support for Intraday), it's a strong bounce zone. A bullish reversal candle here provides high RR long trades.
• If price fails to hold 22,985, sellers may dominate and drag Nifty further down. Consider PE trades only after a 15-min close below 22,985.
• Avoid panic trading – let the zone react and only act based on confirmation candles.
📌 Bounce Zones: 23,185 and 22,985
📌 Breakdown Trigger: Below 22,985
🛡️ Risk Management Tips for Options Traders:
• Avoid trading first 5–15 mins after opening, especially on gap days – let price give structure.
• Use hedged strategies like Bull Call or Bear Put Spreads to reduce premium loss due to theta decay.
• Trade light near reversal zones – don’t go all-in on emotional conviction.
• Always place stop-loss on closing basis (15-min candle), not fixed points, especially during volatile moves.
• If VIX is high, premiums are inflated – focus on quick entry & exit, no holding hoping for magic.
📌 Summary & Conclusion:
• Nifty has entered a critical decision zone.
• Watch 23,407 carefully – above it, bulls may attempt a final push to 23,582, but signs of exhaustion there are likely.
• On the downside, supports at 23,185 & 22,985 will act as bounce zones.
• Directional trades should be initiated only after price confirms intent post opening.
• Use structure + volume for confidence in setups.
⚠️ Disclaimer: I am not a SEBI-registered analyst. The above content is for educational purposes only. Please do your own analysis or consult a certified 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.