📘 NIFTY Trading Plan for 13-Mar-2025
Chart Reference: Nifty is currently trading near 22,468, with price showing rejection from near-term resistance. Multiple levels such as 22,435, 22,496, and 22,600 are key zones to watch.
Let’s break down the trading approach into opening scenarios 👇
✅ 1. GAP-UP OPENING (100+ points above previous close)
If NIFTY opens near or above the Opening Resistance Zone – 22,600 to 22,626:
📍 This zone has acted as a supply area earlier, and a gap-up into this area could trap late buyers if not sustained.
🟧 Scenario 1 – Rejection at Resistance:
🔻 If NIFTY opens within this resistance zone and shows early weakness (such as a bearish engulfing, evening star, or rejection wick), short trades can be considered.
🎯 Targets:
➤ 22,496 (Initial Support)
➤ 22,435 (Next Support)
🟩 Scenario 2 – Breakout Above 22,626:
✅ A strong 15-min bullish candle above 22,626 with volume confirmation can trigger a long entry.
🎯 Targets:
➤ 22,680
➤ 22,800 (Last Intraday Resistance)
🧠 Tip: In gap-up opens, avoid immediate entries. Wait 15–30 mins for the market to establish direction. If upside sustains with strength, trail using VWAP or 5-min EMA.
⚖️ 2. FLAT OPENING (within ±100 points)
If NIFTY opens between 22,435 – 22,496:
This region is the Opening Support/Resistance Zone, meaning both bulls and bears will be active here. The key is to observe who dominates.
🟩 Long Setup:
If NIFTY holds above 22,496 and gives a breakout above 22,600, it will confirm bullish strength.
🎯 Upside Targets:
➤ 22,680
➤ 22,800
🟥 Short Setup:
If price fails to hold above 22,435 and breaks below it with momentum:
🎯 Downside Targets:
➤ 22,319 (Opening Support)
➤ 22,208 (Last Intraday Support)
🧠 Tip: Use option strategies like straddles or strangles near this flat zone if expecting a breakout or expansion in volatility. Avoid naked directional trades unless there is strong confirmation.
🔻 3. GAP-DOWN OPENING (100+ points below previous close)
If NIFTY opens near or below 22,319 (Opening Support):
📍 The area between 22,319 – 22,208 is critical for support. Watch closely for price action.
🟩 Reversal Setup:
If NIFTY opens near 22,208–22,319 and holds this support with signs of strength (bullish pin bar, morning star, or strong bullish volume), a reversal trade can be taken.
🎯 Targets:
➤ 22,435
➤ 22,496
🟥 Breakdown Setup:
If support at 22,208 breaks with a large red candle and follow-through, short trades can be initiated.
🎯 Targets:
➤ 22,140–22,100 Zone (Intraday Expansion Move)
🧠 Tip: Gap-downs can lead to high implied volatility. Be cautious of IV crush if reversal happens. Consider bear put spreads to manage premium risk.
💡 Risk Management Tips for Options Traders
📌 Summary & Conclusion
✅ Key Resistance Zones:
➤ 22,600–22,626 (Opening Resistance)
➤ 22,800 (Last Intraday Resistance)
✅ Key Support Zones:
➤ 22,435 (Pivot Zone)
➤ 22,319 (Opening Support)
➤ 22,208 (Last Support Zone)
🎯 Let price action guide your trade around these key levels. Remember — reacting to the market is better than predicting it.
⚠️ Disclaimer
I am not a SEBI registered analyst. This trading plan is shared purely for educational purposes. Please do your own research or consult your financial advisor before making any investment or trading decisions.
Chart Reference: Nifty is currently trading near 22,468, with price showing rejection from near-term resistance. Multiple levels such as 22,435, 22,496, and 22,600 are key zones to watch.
Let’s break down the trading approach into opening scenarios 👇
✅ 1. GAP-UP OPENING (100+ points above previous close)
If NIFTY opens near or above the Opening Resistance Zone – 22,600 to 22,626:
📍 This zone has acted as a supply area earlier, and a gap-up into this area could trap late buyers if not sustained.
🟧 Scenario 1 – Rejection at Resistance:
🔻 If NIFTY opens within this resistance zone and shows early weakness (such as a bearish engulfing, evening star, or rejection wick), short trades can be considered.
🎯 Targets:
➤ 22,496 (Initial Support)
➤ 22,435 (Next Support)
🟩 Scenario 2 – Breakout Above 22,626:
✅ A strong 15-min bullish candle above 22,626 with volume confirmation can trigger a long entry.
🎯 Targets:
➤ 22,680
➤ 22,800 (Last Intraday Resistance)
🧠 Tip: In gap-up opens, avoid immediate entries. Wait 15–30 mins for the market to establish direction. If upside sustains with strength, trail using VWAP or 5-min EMA.
⚖️ 2. FLAT OPENING (within ±100 points)
If NIFTY opens between 22,435 – 22,496:
This region is the Opening Support/Resistance Zone, meaning both bulls and bears will be active here. The key is to observe who dominates.
🟩 Long Setup:
If NIFTY holds above 22,496 and gives a breakout above 22,600, it will confirm bullish strength.
🎯 Upside Targets:
➤ 22,680
➤ 22,800
🟥 Short Setup:
If price fails to hold above 22,435 and breaks below it with momentum:
🎯 Downside Targets:
➤ 22,319 (Opening Support)
➤ 22,208 (Last Intraday Support)
🧠 Tip: Use option strategies like straddles or strangles near this flat zone if expecting a breakout or expansion in volatility. Avoid naked directional trades unless there is strong confirmation.
🔻 3. GAP-DOWN OPENING (100+ points below previous close)
If NIFTY opens near or below 22,319 (Opening Support):
📍 The area between 22,319 – 22,208 is critical for support. Watch closely for price action.
🟩 Reversal Setup:
If NIFTY opens near 22,208–22,319 and holds this support with signs of strength (bullish pin bar, morning star, or strong bullish volume), a reversal trade can be taken.
🎯 Targets:
➤ 22,435
➤ 22,496
🟥 Breakdown Setup:
If support at 22,208 breaks with a large red candle and follow-through, short trades can be initiated.
🎯 Targets:
➤ 22,140–22,100 Zone (Intraday Expansion Move)
🧠 Tip: Gap-downs can lead to high implied volatility. Be cautious of IV crush if reversal happens. Consider bear put spreads to manage premium risk.
💡 Risk Management Tips for Options Traders
- [] Avoid buying deep OTM options post 12 PM unless there is strong trend confirmation. [] Always trade with a defined stop-loss. Use 15-min closing basis for better validation. [] Consider spreads (bull call, bear put) to reduce the impact of theta decay. [] On volatile days, reduce position size and hedge your trades.
- Don’t trade immediately after a gap — let the first 15–30 mins settle to avoid traps.
📌 Summary & Conclusion
✅ Key Resistance Zones:
➤ 22,600–22,626 (Opening Resistance)
➤ 22,800 (Last Intraday Resistance)
✅ Key Support Zones:
➤ 22,435 (Pivot Zone)
➤ 22,319 (Opening Support)
➤ 22,208 (Last Support Zone)
🎯 Let price action guide your trade around these key levels. Remember — reacting to the market is better than predicting it.
⚠️ Disclaimer
I am not a SEBI registered analyst. This trading plan is shared purely for educational purposes. Please do your own research or consult your financial advisor before making any investment or 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.