📅 NIFTY Trading Plan – 21-Mar-2025
📍 Reference Price: 23,190 (Close on 20-Mar-2025)
📊 Chart Structure: Price is nearing exhaustion at highs, so we need to observe for either continuation or reversal from resistance zones.
📌 Opening Scenario 1: GAP-UP Opening (100+ Points)
🟢 Expected Open Zone: 23,270 – 23,330
👉 If Nifty opens with a strong gap-up above 23,270:
🎯 Key Tip: Don't short just because it's a gap-up. Let the candle give confirmation through rejection patterns.
📌 Opening Scenario 2: FLAT Opening
🟠 Expected Open Zone: 23,150 – 23,190
👉 In case of flat to mild gap open:
🎯 Key Tip: The first 15–30 mins are crucial. Avoid rushing into trades. Use the breakout-retest model for safer entries.
📌 Opening Scenario 3: GAP-DOWN Opening (100+ Points)
🔻 Expected Open Zone: 23,050 – 22,950
👉 If Nifty opens with a significant gap-down:
🎯 Key Tip: Never knife-catch a falling market. Let the base build before entering reversal trades.
🛡 Risk Management Tips for Options Traders 🧠
✅ Summary & Conclusion:
📍 Nifty is trading near crucial resistance levels.
📍 23,345 remains the make-or-break zone for bulls.
📍 Support zones: 23,068 → 22,994 → 22,882
📍 React to price action at key zones rather than predicting it.
📍 Let the first 15–30 minutes settle before jumping into trades for optimal RR setups.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This trading plan is shared for educational purposes only. Please consult your financial advisor before taking any trades based on this plan. Risk wisely and trade with discipline. 🙏
📍 Reference Price: 23,190 (Close on 20-Mar-2025)
📊 Chart Structure: Price is nearing exhaustion at highs, so we need to observe for either continuation or reversal from resistance zones.
📌 Opening Scenario 1: GAP-UP Opening (100+ Points)
🟢 Expected Open Zone: 23,270 – 23,330
👉 If Nifty opens with a strong gap-up above 23,270:
- []Watch for price action near 23,345, marked as the last strong intraday resistance. []If you see rejection (like wick rejections or bearish engulfing on 5m/15m), consider initiating short positions with a stop loss above 23,370. []On clean breakout and sustained move above 23,345, target the Profit Booking Zone: 23,407–23,445+. []Be cautious chasing longs on a gap-up unless price consolidates and confirms breakout.
🎯 Key Tip: Don't short just because it's a gap-up. Let the candle give confirmation through rejection patterns.
📌 Opening Scenario 2: FLAT Opening
🟠 Expected Open Zone: 23,150 – 23,190
👉 In case of flat to mild gap open:
- []Watch 23,185 as the immediate Opening Resistance / Support.
[]If price sustains above 23,185 with strength, you can look for a long entry targeting 23,345 and beyond.
[]However, if price struggles and fails to cross 23,185 with rejection patterns, short toward 23,068 and 22,994.
[]Breakdown below 23,068 may accelerate profit booking till the lower zone of 22,994–22,882.
🎯 Key Tip: The first 15–30 mins are crucial. Avoid rushing into trades. Use the breakout-retest model for safer entries.
📌 Opening Scenario 3: GAP-DOWN Opening (100+ Points)
🔻 Expected Open Zone: 23,050 – 22,950
👉 If Nifty opens with a significant gap-down:
- []Observe price action near Opening Support Zone: 23,068 – 22,994.
[]If bulls defend this zone with strong reversal patterns (hammer, bullish engulfing), it could be a dip-buying opportunity. []Below 22,994, next major support lies at 22,882. Breakdown of this zone could trigger sharp fall. []Avoid shorting after a gap-down unless 22,882 breaks convincingly.
🎯 Key Tip: Never knife-catch a falling market. Let the base build before entering reversal trades.
🛡 Risk Management Tips for Options Traders 🧠
- []Use defined risk trades: Prefer vertical spreads (bull call/bear put) instead of naked options. []Avoid buying OTM options post 11:00 AM unless momentum is strong. []Always risk less than 2% of your capital per trade. []Trail your stop loss once the trade moves in favor to protect capital.
- Don't overtrade – quality setups > quantity.
✅ Summary & Conclusion:
📍 Nifty is trading near crucial resistance levels.
📍 23,345 remains the make-or-break zone for bulls.
📍 Support zones: 23,068 → 22,994 → 22,882
📍 React to price action at key zones rather than predicting it.
📍 Let the first 15–30 minutes settle before jumping into trades for optimal RR setups.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This trading plan is shared for educational purposes only. Please consult your financial advisor before taking any trades based on this plan. Risk wisely and trade with discipline. 🙏
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.