📌 Key Levels to Watch:
🔴 Resistance Levels: 22,635 | 22,819
🟢 Support Levels: 22,467-22,496 | 22,378 | 22,258
📝 Market Context:
Nifty has shown strong momentum in recent sessions, currently trading near 22,529. The profit booking zone lies around 22,635, while a breakout above this could lead to 22,819. On the downside, key support exists at 22,467-22,496, and a further breakdown may drag prices toward 22,378-22,258.
📈 Scenario 1: Gap-Up Opening (100+ Points Above 22,630) 🚀
If Nifty opens above 22,630, it enters the profit booking zone, making further upside dependent on momentum. A clean breakout above 22,819 will signal strength.
- Buy above 22,635 🔼
🎯 Target: 22,750 – 22,819
🛑 Stop Loss: 22,550
📝 Plan: If Nifty sustains above 22,635, it can attempt 22,819. Wait for a proper 15-minute candle close above 22,635 before entering. Profit booking is advised near resistance levels. - Rejection at 22,635 ❌
🔽 Sell below 22,630
🎯 Target: 22,500 – 22,467
🛑 Stop Loss: 22,680
📝 Plan: If Nifty struggles at 22,635 and reverses, a short trade can be considered toward 22,467. Volume confirmation is necessary before entering shorts.
📉 Scenario 2: Flat Opening (22,450 – 22,550) 📊
A flat opening near 22,450 – 22,550 suggests indecision. The 22,467-22,496 range is a crucial support area.
- Buy above 22,550 🔼
🎯 Target: 22,635 – 22,700
🛑 Stop Loss: 22,500
📝 Plan: If Nifty holds above 22,550 and shows strength, an upside move toward 22,635 is likely. Look for bullish price action confirmation before entering. - Sell below 22,467 🔽
🎯 Target: 22,378 – 22,350
🛑 Stop Loss: 22,525
📝 Plan: If Nifty breaks below 22,467 and struggles to reclaim it, selling pressure may drag it toward 22,378. Wait for a sustained breakdown before taking short positions.
📉 Scenario 3: Gap-Down Opening (Below 22,429) ⚠️
A gap-down below 22,429 signals weakness, with support at 22,378 and 22,258.
- Buy near 22,258 – 22,300 🟢
🎯 Target: 22,440
🛑 Stop Loss: 22,220
📝 Plan: If Nifty stabilizes at 22,258-22,300, a bounce toward 22,440 is possible. Ideal for risk-managed long trades. - Sell below 22,258 🔽
🎯 Target: 22,150 – 22,100
🛑 Stop Loss: 22,320
📝 Plan: If selling pressure persists below 22,258, a further slide is likely. Avoid panic selling; wait for confirmation.
💡 Risk Management Tips for Options Traders 🎯
✅ Theta Decay Awareness: Avoid buying OTM options late in the day.
✅ Stop-Loss Discipline: Always use SL based on technical structure.
✅ Position Sizing: Risk only 2% of capital per trade.
✅ Avoid Overtrading: Trade only high-probability setups.
📌 Summary & Conclusion 📌
🔹 Bullish above 22,635 for 22,819.
🔹 Bearish below 22,258 for 22,150.
🔹 Flat open needs confirmation for direction.
🔹 Key support: 22,467-22,496 | 22,258.
🔹 Key resistance: 22,635 | 22,819.
📢 Trade with discipline, follow the plan, and manage risk effectively!
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Do your own research or consult a financial advisor before trading. 📊📉📈
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.