📅 NIFTY TRADING PLAN – 20-Mar-2025
🕒 Timeframe: 15 Min | 📌 Reference Close: 22,911.80
📏 Gap Opening Threshold: 100+ points
📈 1. GAP-UP Opening Scenario (Opening Above 23,010)
If NIFTY opens 100+ points higher — around or above 23,010 — it enters the Profit Booking Zone: 22,995 – 23,067.
✅ Action Plan:
- If Nifty opens in the 22,995–23,067 zone, avoid aggressive long trades at open. This zone has historically triggered selling pressure.
- Observe the behavior near 23,067. If candles start rejecting higher prices or form reversal patterns (e.g., bearish engulfing), plan short trades with SL just above 23,067.
- If Nifty crosses 23,067 with momentum and volume, upside extension is possible toward 23,185 — the Last Intraday Resistance.
- Avoid shorting blindly above 23,067. Let price consolidate or form lower highs before initiating any counter-trend short.
📌 Educational Note: Profit booking zones often create whipsaws. Let the market decide the intent before jumping in.
🚫 Don't chase gaps — instead, wait for re-entry opportunities once price confirms direction.
📊 2. FLAT Opening Scenario (Between 22,850 – 22,950)
If NIFTY opens within a tight 40–50 point range around its closing level (±50 points), it's considered a flat opening.
✅ Action Plan:
- Allow the market to settle for the first 15–30 minutes. Avoid early entries.
- If Nifty sustains above 22,995, we may see a quick move toward 23,067. One can consider intraday longs above 22,995 with a stop loss near 22,950.
- If price faces rejection at 22,995 and drops below 22,912–22,880 (previous close zone), short opportunities may arise toward 22,800 (Opening Support).
- Keep an eye on 22,800 as it is a key intraday support. Breakdown below it can lead to a deeper fall toward 22,728 and 22,632.
📌 Educational Note: Flat openings often provide the best setups if you let price action settle. Stay nimble and neutral till breakout/breakdown confirms.
📉 3. GAP-DOWN Opening Scenario (Opening Below 22,812)
If NIFTY opens with a gap-down of 100+ points (around or below 22,812) — look for action near support zones like 22,800, 22,728, and 22,632.
✅ Action Plan:
- If Nifty opens near 22,800 and holds, wait for a reversal pattern. Intraday long trades are possible toward 22,912+.
- A clean breakdown below 22,728 (Last Intraday Support) may trigger a slide toward 22,632 (Buyer’s Support).
- Avoid catching falling knives. Only buy near 22,632 if there’s clear bullish reversal with volume confirmation.
- If price opens below 22,728 and tries to retest and fails to reclaim that level, short trades can be considered with a stop above 22,728.
📌 Educational Note: Big gap-downs often attract panic exits in the first 15 mins. Wait for a base to form before looking for reversal trades.
🧠 OPTIONS TRADING – RISK MANAGEMENT TIPS
📌 SUMMARY & CONCLUSION:
🎯 Let price lead the way — react, don’t predict. Enter only on confirmation. Stay disciplined and respect the market structure.
📢 Disclaimer: I am not a SEBI-registered analyst. This trading plan is purely for educational purposes. Please consult with your financial advisor before taking any position.
🕒 Timeframe: 15 Min | 📌 Reference Close: 22,911.80
📏 Gap Opening Threshold: 100+ points
📈 1. GAP-UP Opening Scenario (Opening Above 23,010)
If NIFTY opens 100+ points higher — around or above 23,010 — it enters the Profit Booking Zone: 22,995 – 23,067.
✅ Action Plan:
- If Nifty opens in the 22,995–23,067 zone, avoid aggressive long trades at open. This zone has historically triggered selling pressure.
- Observe the behavior near 23,067. If candles start rejecting higher prices or form reversal patterns (e.g., bearish engulfing), plan short trades with SL just above 23,067.
- If Nifty crosses 23,067 with momentum and volume, upside extension is possible toward 23,185 — the Last Intraday Resistance.
- Avoid shorting blindly above 23,067. Let price consolidate or form lower highs before initiating any counter-trend short.
📌 Educational Note: Profit booking zones often create whipsaws. Let the market decide the intent before jumping in.
🚫 Don't chase gaps — instead, wait for re-entry opportunities once price confirms direction.
📊 2. FLAT Opening Scenario (Between 22,850 – 22,950)
If NIFTY opens within a tight 40–50 point range around its closing level (±50 points), it's considered a flat opening.
✅ Action Plan:
- Allow the market to settle for the first 15–30 minutes. Avoid early entries.
- If Nifty sustains above 22,995, we may see a quick move toward 23,067. One can consider intraday longs above 22,995 with a stop loss near 22,950.
- If price faces rejection at 22,995 and drops below 22,912–22,880 (previous close zone), short opportunities may arise toward 22,800 (Opening Support).
- Keep an eye on 22,800 as it is a key intraday support. Breakdown below it can lead to a deeper fall toward 22,728 and 22,632.
📌 Educational Note: Flat openings often provide the best setups if you let price action settle. Stay nimble and neutral till breakout/breakdown confirms.
📉 3. GAP-DOWN Opening Scenario (Opening Below 22,812)
If NIFTY opens with a gap-down of 100+ points (around or below 22,812) — look for action near support zones like 22,800, 22,728, and 22,632.
✅ Action Plan:
- If Nifty opens near 22,800 and holds, wait for a reversal pattern. Intraday long trades are possible toward 22,912+.
- A clean breakdown below 22,728 (Last Intraday Support) may trigger a slide toward 22,632 (Buyer’s Support).
- Avoid catching falling knives. Only buy near 22,632 if there’s clear bullish reversal with volume confirmation.
- If price opens below 22,728 and tries to retest and fails to reclaim that level, short trades can be considered with a stop above 22,728.
📌 Educational Note: Big gap-downs often attract panic exits in the first 15 mins. Wait for a base to form before looking for reversal trades.
🧠 OPTIONS TRADING – RISK MANAGEMENT TIPS
- [] 💼 Use defined stop losses based on 15-min or 30-min candle close. Avoid emotional exits.
[] ⚖️ Avoid buying deep OTM options during rangebound conditions — prefer ATM or ITM for better delta control.
[] 🛡️ Use hedged strategies like bull call spreads or bear put spreads during high IV scenarios.
[] 📉 On breakdown or breakout days, trade with the trend using limited-risk directional strategies. - 💰 Never risk more than 1.5–2% of capital per trade — capital preservation is key for consistency.
📌 SUMMARY & CONCLUSION:
- [] Gap-Up above 22,995: Profit booking zone. Wait for reversal signs or breakout to 23,185.
[] Flat Opening: Best setups possible — breakout above 22,995 or breakdown below 22,880. - Gap-Down below 22,812: Watch 22,800–22,632 support zones for potential reversal or breakdown.
🎯 Let price lead the way — react, don’t predict. Enter only on confirmation. Stay disciplined and respect the market structure.
📢 Disclaimer: I am not a SEBI-registered analyst. This trading plan is purely for educational purposes. Please consult with your financial advisor before taking any position.
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.