📊 NIFTY Trading Plan – 17-Mar-2025
Nifty is currently hovering near the Opening Support Zone: 22,351 – 22,378, with a key resistance at 22,442 and profit booking zone near 22,617. Depending on how the market opens, we will plan our trades accordingly.
💡 Let’s analyze different scenarios:
🔥 Scenario 1: Gap-Up Opening (100+ Points)
If Nifty opens above 22,442, the index will test the last intraday resistance at 22,551. A decisive breakout above 22,617 may trigger strong bullish momentum.
✅ Plan of Action:
📌 Key Levels to Watch: 22,442 (Support) | 22,551 (Breakout Zone) | 22,617+ (Profit Booking Zone).
📢 Tip: In case of a fake breakout above 22,617, selling pressure may drag Nifty back to 22,442. Watch for reversal patterns before taking aggressive trades.
📉 Scenario 2: Flat Opening (Within 50 Points)
If Nifty opens near 22,383 – 22,434, we will monitor price action near the Opening Support/Resistance Zone. The first 30 minutes will be crucial for direction confirmation.
✅ Plan of Action:
📌 Key Levels to Watch: 22,351 – 22,378 (Support Zone) | 22,442 (Resistance) | 22,551 (Breakout Confirmation).
📢 Tip: Use a wait-and-watch approach in the first 30 minutes. Let the market establish direction before making big trades.
🛑 Scenario 3: Gap-Down Opening (100+ Points)
A gap-down below 22,351 could push Nifty towards the last intraday support of 22,296. If the selling extends, watch the golden retracement zone at 22,114, which is a high-probability demand zone.
✅ Plan of Action:
📌 Key Levels to Watch: 22,296 (Support) | 22,208 (Breakdown Confirmation) | 22,114 (Golden Buy Zone).
📢 Tip: Avoid aggressive longs in a gap-down scenario unless a clear reversal is seen at major supports. Watch for confirmation before entering any trade.
⚡ Risk Management Tips for Options Traders
🔹 Premium Decay Alert: If Nifty consolidates, avoid buying OTM options. Time decay will erode premiums.
🔹 Hedge Positions: If selling options, hedge using spreads to reduce risk.
🔹 Exit at SL: Do not hold options hoping for reversals. Stick to the predefined SL.
🔹 Avoid Trading the First 5-Minutes: Market volatility is high; let a pattern form.
🔹 Size Appropriately: If uncertain, reduce lot size and wait for confirmation.
📌 Summary & Conclusion
✅ If Nifty Opens Gap-Up: Watch for 22,551 – 22,617 resistance zones. A breakout can trigger further upside.
✅ If Nifty Opens Flat: First 30 minutes are crucial. Support at 22,351 – 22,378 should hold for longs.
✅ If Nifty Opens Gap-Down: Watch 22,296 for a reaction. If broken, 22,114 is a key buy zone.
📢 Final Note: The best trades come when price action confirms levels. Avoid emotional trading and respect stop losses.
📜 Disclaimer
I am not a SEBI-registered analyst. All views are for educational purposes only. Traders should conduct their own analysis or consult a financial advisor before making any investment decisions.
Nifty is currently hovering near the Opening Support Zone: 22,351 – 22,378, with a key resistance at 22,442 and profit booking zone near 22,617. Depending on how the market opens, we will plan our trades accordingly.
💡 Let’s analyze different scenarios:
🔥 Scenario 1: Gap-Up Opening (100+ Points)
If Nifty opens above 22,442, the index will test the last intraday resistance at 22,551. A decisive breakout above 22,617 may trigger strong bullish momentum.
✅ Plan of Action:
- [] If Nifty sustains above 22,551, look for bullish price action and enter longs with targets of 22,617 and 22,680+.
[] If a sharp rejection occurs near 22,617, consider booking partial profits and trail SL. - Avoid chasing longs if Nifty starts showing weakness near resistance. Wait for a pullback.
📌 Key Levels to Watch: 22,442 (Support) | 22,551 (Breakout Zone) | 22,617+ (Profit Booking Zone).
📢 Tip: In case of a fake breakout above 22,617, selling pressure may drag Nifty back to 22,442. Watch for reversal patterns before taking aggressive trades.
📉 Scenario 2: Flat Opening (Within 50 Points)
If Nifty opens near 22,383 – 22,434, we will monitor price action near the Opening Support/Resistance Zone. The first 30 minutes will be crucial for direction confirmation.
✅ Plan of Action:
- [] If Nifty bounces from 22,351 – 22,378, look for long opportunities targeting 22,442 and 22,551.
[] If Nifty struggles to hold 22,442, expect sideways action. Trade only near major levels. - A breakdown below 22,351 will indicate weakness, leading to a test of 22,296 and 22,208.
📌 Key Levels to Watch: 22,351 – 22,378 (Support Zone) | 22,442 (Resistance) | 22,551 (Breakout Confirmation).
📢 Tip: Use a wait-and-watch approach in the first 30 minutes. Let the market establish direction before making big trades.
🛑 Scenario 3: Gap-Down Opening (100+ Points)
A gap-down below 22,351 could push Nifty towards the last intraday support of 22,296. If the selling extends, watch the golden retracement zone at 22,114, which is a high-probability demand zone.
✅ Plan of Action:
- [] If Nifty stabilizes at 22,296, expect a recovery towards 22,351 – 22,378. Scalping opportunities exist.
[] If selling pressure continues below 22,296, expect a further slide to 22,114, which will be a must-watch area for buyers. - Only consider fresh longs at 22,114 if strong reversal signs appear. Else, avoid catching falling knives.
📌 Key Levels to Watch: 22,296 (Support) | 22,208 (Breakdown Confirmation) | 22,114 (Golden Buy Zone).
📢 Tip: Avoid aggressive longs in a gap-down scenario unless a clear reversal is seen at major supports. Watch for confirmation before entering any trade.
⚡ Risk Management Tips for Options Traders
🔹 Premium Decay Alert: If Nifty consolidates, avoid buying OTM options. Time decay will erode premiums.
🔹 Hedge Positions: If selling options, hedge using spreads to reduce risk.
🔹 Exit at SL: Do not hold options hoping for reversals. Stick to the predefined SL.
🔹 Avoid Trading the First 5-Minutes: Market volatility is high; let a pattern form.
🔹 Size Appropriately: If uncertain, reduce lot size and wait for confirmation.
📌 Summary & Conclusion
✅ If Nifty Opens Gap-Up: Watch for 22,551 – 22,617 resistance zones. A breakout can trigger further upside.
✅ If Nifty Opens Flat: First 30 minutes are crucial. Support at 22,351 – 22,378 should hold for longs.
✅ If Nifty Opens Gap-Down: Watch 22,296 for a reaction. If broken, 22,114 is a key buy zone.
📢 Final Note: The best trades come when price action confirms levels. Avoid emotional trading and respect stop losses.
📜 Disclaimer
I am not a SEBI-registered analyst. All views are for educational purposes only. Traders should conduct their own analysis or consult a financial advisor before making any investment 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.