📊 Nifty Trading Plan for 30-Jan-2025
This trading plan covers all possible opening scenarios (Gap-Up, Flat, and Gap-Down) along with crucial resistance and support levels. Follow these levels carefully to maximize your trades.
📈 Scenario 1: Gap-Up Opening (100+ points above 23,176)
If Nifty opens with a gap-up, it will likely test the resistance levels. Key focus points:
This trading plan covers all possible opening scenarios (Gap-Up, Flat, and Gap-Down) along with crucial resistance and support levels. Follow these levels carefully to maximize your trades.
📈 Scenario 1: Gap-Up Opening (100+ points above 23,176)
If Nifty opens with a gap-up, it will likely test the resistance levels. Key focus points:
🔹 Opening Resistance Zone: 23,253 – 23,287 – If price sustains above this level, it can move towards 23,416. Consider call option trades if momentum remains strong with stop-loss at 23,200.
🔹 Major Resistance Zone: 23,416 – This is a crucial level where sellers might become active. Avoid chasing longs here and book profits.
🔹 If Nifty rejects from 23,253, watch for a retracement towards 23,176 before taking fresh trades.
💡 Pro Tip: Always wait for a retest and confirmation before entering a trade in a gap-up market.
📉 Scenario 2: Flat Opening (Near 23,176)
A flat opening means price action will revolve around the Opening Support / Resistance Zone: 23,176 – 23,200. Key levels to monitor:
🔹 If price sustains above 23,200, expect bullish movement towards 23,253, followed by 23,287. Enter call options only after a breakout confirmation.
🔹 If price rejects from 23,176, it may slip towards 23,142, and if this breaks, expect a drop to 23,059. Put options can be considered here.
🔹 Avoid trading in the Opening Support / Resistance Zone unless a clear breakout/breakdown happens.
💡 Pro Tip: Flat openings often create a trap in the first 15 minutes. Let the market settle before taking a position.
⬇️ Scenario 3: Gap-Down Opening (100+ points below 23,176)
A bearish gap-down could test support levels. Here’s how to trade it:
🔹 Opening Support Zone: 23,059 – If this zone holds, expect a pullback to 23,176. A strong reversal from this level can provide a good call option opportunity.
🔹 If 23,059 breaks, expect further downside towards 22,983, followed by 22,871 (Golden Retracement Zone). Look for put options with SL at 23,059.
🔹 If price sustains below 22,871, expect high volatility. Avoid aggressive long positions.
💡 Pro Tip: In gap-down markets, avoid catching falling knives. Look for proper support confirmation before entering long trades.
🛡️ Risk Management Tips for Options Trading
🔹 Keep a fixed risk per trade (1-2% of capital) to avoid big losses.
🔹 Use ATM (At-the-Money) or slightly OTM (Out-of-the-Money) options for better liquidity.
🔹 Don't overtrade. If your first 2 trades fail, step back and analyze the market.
🔹 Follow proper stop-loss levels to protect capital.
📊 Summary and Conclusion
Resistance Zones: 23,200, 23,253-23,287, 23,416
Support Zones: 23,176, 23,142, 23,059, 22,983, 22,871
Opening Support / Resistance Zone: 23,176 – 23,200 (Wait for breakout/breakdown)
📌 Stick to the plan and manage risk wisely. Market structure matters more than emotions!
⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade at your own risk. 😊
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.