#NIFTY Intraday Support and Resistance Levels - 24/02/2025Flat or slightly gap down opening expected in nifty. After opening important level is 22750. In case nifty starts trading below this support level then possible strong downside rally in index upto 22550 in today's session. Any upside rally only expected if nifty sustain above 22800 support level. Upside 23000 level will act as a strong resistance for any bullish side rally.
Niftyprediction
$NIFTY in a bearish pattern but downturn still not completeThe international markets like ICMARKETS:STOXX50 and IG:HANGSENG are experiencing a positive momentum and 20-Day is above the 50-Day, 100-Day SMA and 200-Day SMA. This indicates a bullish momentum in European and Chinese stock market. In contrast Indian index NSE:NIFTY which was a favorite trade in 2023 and 2024 has been underperforming with all the SMA below the 200-Day SMA indicating a bearish pattern.
In the chart we have plotted an upward sloping Fib retracement level with Covid Lows as the bottom and prior to Covid as the top. In this upward sloping FIB retracement levels, we see that the index has very much stayed within the upper and the lower bound of the upward sloe. The recent crash has also not violated the lower bound. But the NSE:NIFTY is 3.618 Fib Level which is exactly @ 22796. If index levels respect the FIB Channel then there is some more downside to the index left until it reaches 22000 at the bottom of the range. My opinion we should be long NSE:NIFTY @22000. What are your thoughts?
Long NSE:NIFTY @ 22000 level.
Nifty Market Update: Bears Are in Control – A Rough Ride Ahead?The Nifty closed at 22,795 this week, down by 134 points from the previous week’s close, with a high of 23,049 and a low of 22,720. The formation of a Gravestone Doji candle indicates that the market is firmly under the control of the bears, signaling potential weakness ahead. As forecasted last week, Nifty moved within the range of 23,450 to 22,400, aligning perfectly with my predictions.
Looking ahead to next week, I expect Nifty to trade between the 23,300 to 22,250 range. While 22,300-22,400 offers a strong support zone, if the index slips below 22,250, it could test the WEMA100 at 22,050, which could offer some relief.
Digging deeper, I analyzed the Nifty50 monthly chart from 2004 onwards and noticed a recurring pattern: whenever Nifty closes below the monthly EMA21, it tends to test the EMA50, which currently stands at 19,450. If this month’s close is below 22,400, we could be heading toward 19,450, so brace yourselves for what could be a bumpy ride ahead.
On the international front, the S&P 500 is showing signs of forming a bearish M-pattern, a negative signal for the broader market. This is troubling news for Indian markets, which are already under pressure. From the current level of 6,013, a 1.5% correction could see the index testing support levels around 5,900.
The battle between bears and bulls continues, but for now, I believe the bears still have the upper hand. Stay cautious and keep a close watch on market movements – volatility is here to stay!
What's happening in Indian Stock Market-Nifty Update 21 Feb 2025Hello Members,
Checkout the latest update on what's is happening in India Stock Market and when will the correction in market gets over. Checkout the levels and also do not forget to watch watch our previous videos for better understanding the levels
#NIFTY Intraday Support and Resistance Levels - 21/02/2025Gap down opening possible in nifty near the 22800 level. After opening important support for nifty is 22750-22800 range. Major downside expected in nifty in case it gives breakdown of this level and starts trading below 22700. This downside can goes upto 22500 level in today's session. Any bullish rally only expected above 23050 level.
Nifty Futures Intraday Trend forecast for Feb 21, 2025Based on my analysis, the intraday trend appears bullish. The support and resistance levels provided may vary due to gaps in either direction, which can impact real-time market movements. This analysis is for educational purposes only.
Successful trading is not just about knowing when to trade but also recognizing when to stay out of the market.
#NIFTY Intraday Support and Resistance Levels - 20/02/2025Today will be flat opening expected in nifty. After opening possible nifty can consolidated in between 22950-23050 level. Any major movement only expected either breakout of 23050 level or downside of 22950 level. Downside 22800 will act as a important support for today's session. Below this support level sharp downside rally expected.
NIFTY : Trading levels and Plan 20-Feb-2025We will analyze three possible opening conditions and strategize accordingly. Key levels are marked for better decision-making.
🔹 Scenario 1: Gap-Up Opening (100+ points)
If NIFTY opens above 23,008 (last intraday resistance):
Sustaining above 23,008 can lead to an upside move towards 23,158 - 23,191 (Profit Booking Zone). If price sustains above this, we may see further bullish momentum.
Watch for rejection at 23,158-23,191—a reversal here could trigger selling pressure, providing a shorting opportunity with a target back to 23,008.
Aggressive traders can look for quick scalping opportunities on breakouts with strict stop-loss.
✅ Trade Plan:
✔️ Buy on breakout & retest of 23,008, targeting 23,158 - 23,191.
✔️ Short if price rejects 23,158-23,191, aiming for 23,008.
⚠️ Risk Tip: If price consolidates near 23,008, avoid trading immediately—wait for a strong direction confirmation.
🔹 Scenario 2: Flat Opening (Near 22,954 - 22,914)
If NIFTY opens within the 22,914 - 22,954 zone (Opening Resistance/Support), this could act as a No Trade Zone due to potential choppiness.
A decisive breakout above 22,954 can lead to a move towards 23,008 and higher levels.
A breakdown below 22,886 (Opening Support) could trigger selling towards 22,795.
✅ Trade Plan:
✔️ Buy above 22,954, targeting 23,008 and 23,158.
✔️ Sell below 22,886, targeting 22,795.
⚠️ Risk Tip: Avoid trading inside the No Trade Zone (22,895 - 22,949) unless a clear breakout happens with strong volume.
🔹 Scenario 3: Gap-Down Opening (100+ points)
If NIFTY opens below 22,795, it signals weakness.
Immediate support exists at 22,740 - 22,758 (Last Intraday Support). If this holds, expect a possible pullback towards 22,886 - 22,914.
If 22,740 breaks, expect further downside towards 22,636 (Buyer’s Support).
✅ Trade Plan:
✔️ Buy near 22,740, targeting a pullback to 22,886 - 22,914.
✔️ Short below 22,740, targeting 22,636 and lower.
⚠️ Risk Tip: In a gap-down scenario, watch for consolidation before entering. A weak opening doesn’t always mean immediate selling—wait for confirmation.
📌 Risk Management Tips for Options Trading 💡
🛑 Always use a strict stop-loss to protect capital.
🎯 Take partial profits at key levels to secure gains.
🕰️ Avoid overtrading—wait for clear price action confirmation.
💰 Use proper position sizing to manage risk.
📌 Summary & Conclusion 🎯
✔️ Bullish Above: 23,008 → Target: 23,158 - 23,191.
✔️ Bearish Below: 22,886 → Target: 22,795 - 22,740.
✔️ No Trade Zone: 22,895 - 22,949 (Wait for breakout).
Trade with a plan, manage risk wisely, and stay disciplined. ✅🚀
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trades. 📉📈
Nifty Analysis: Potential Final Low and Key Reversal ZonesNifty Analysis: Potential Final Low and Key Reversal Zones
Pattern & Wave Structure
=====================
1. The market appears to be in the late stages of a higher-degree Wave (4) correction in a classical A‑B‑C formation.
2. Based on current wave counts, the 17th February low could mark the completion of Wave C (and thus Wave (4)).
3. If the price undercuts that low again, the 25th Feb–6th March window stands out as another high‑probability reversal zone.
Price & Time Analysis
================
1. Fibonacci Retracements near the 23,400–22,550 region align with typical corrective targets (0.382 and 0.5 retracements).
2. Several cycle durations (High‑High, Low‑Low, etc.) also converge in the late Feb to early March window, suggesting that if the 17th Feb low fails, price is likely to pivot within this narrow time band.
Momentum Across Multiple Time Frames
==============================
1. Daily (8‑ & 13‑period Stoch RSI): Just triggered a bullish reversal signal, indicating a near‑term upside bias.
2. Weekly Stoch RSI: Currently in a bearish phase but could shift higher if price stabilizes or rallies from current levels.
3. Monthly Momentum: Deep in oversold territory, suggesting the market is nearing a major inflection point (downside risk appears more limited).
Overall Outlook
===========
With three time frames hinting that bearish momentum is losing steam—and a clear confluence of Fibonacci targets and time cycles—downside appears limited if not already exhausted.
A decisive push above recent swing highs would strengthen the case that the 17th Feb low was a significant bottom.
Conversely, a brief extension lower into late Feb–early March could still offer a strong rebound if support is confirmed in that zone.
Conclusion
=========
The interplay of price levels, time cycles, and momentum indicators points to a potential final leg of the correction nearing completion. If 17th Feb was not the turning point, then the upcoming 25th Feb–6th March window may serve as an important inflection date for Nifty. Keep an eye on key Fibonacci support zones and the evolving Stoch RSI signals for confirmation of a sustained upside move.
#NIFTY Intraday Support and Resistance Levels - 19/02/2025A flat opening today in nifty, with the index currently positioned near 23000-22950. If Nifty moves above 23050, a long position can be considered, targeting 23150, 23200, and 23250+.
However, a reversal short trade can be initiated around 23000-22950, with downside targets of 22900, 22850, and 22800. On the bearish side, a breakdown below 22750 will likely lead to further declines, with short targets set at 22650, 22550, and 22500.
Since the price is currently moving within the 22950-23000 range, the market is likely to open flat and may remain range-bound initially. The decisive move will come if it either breaks above 23050 for an uptrend or falls below 22750 for a bearish move. Should wait for a breakout confirmation before entering positions.
NIFTY : Trading levels and Plan for 19-Feb-2025We will analyze potential trade setups for NIFTY based on three different opening scenarios: Gap-Up, Flat, and Gap-Down. The plan is designed to help traders navigate the market effectively while managing risk.
📍 Scenario 1: Gap-Up Opening (100+ Points)
If NIFTY opens with a gap-up above 22930, we need to carefully assess the price action at key resistance zones.
✅ Plan of Action:
If the index sustains above 22950, it may move towards the 23039-23065 resistance zone.
A strong breakout above 23065 can push NIFTY towards 23178. However, watch for rejection signs near resistance.
If price struggles at 23039-23065, it may provide a short opportunity with a downside target of 22895-22949.
🛑 Invalidation: If NIFTY breaks and sustains above 23065, bearish trades should be avoided.
🎯 Bullish Target: 23178
🔻 Bearish Target: 22895
📍 Scenario 2: Flat Opening
A flat opening near 22,923 requires patience as price discovery takes place.
✅ Plan of Action:
If price remains between 22,895 - 22,949, it's a No-Trade Zone 📌 – avoid choppy action.
A breakout above 22,950 can push the index towards the 23039-23065 resistance area.
A breakdown below 22,895 may lead to a test of the 22,755-22,779 support zone.
If NIFTY takes support at 22,755, it may provide a buying opportunity.
🚨 No Trading in Choppy Zone: Avoid entering positions unless there is a clear breakout or breakdown.
🎯 Bullish Target: 23039
🔻 Bearish Target: 22,755
📍 Scenario 3: Gap-Down Opening (100+ Points)
If NIFTY opens below 22,850, it suggests weakness and a test of key support zones.
✅ Plan of Action:
If price holds 22,755-22,779, a bounce-back move can be expected.
A strong breakdown below 22,755 can drag NIFTY towards the 22,648-22,672 weak buyer’s support.
If the market finds demand at 22,648, it could lead to an intraday reversal opportunity.
📢 Watch out for panic selling near support zones – look for reversal signs before going long.
🎯 Bullish Target: 22,923
🔻 Bearish Target: 22,648
🎯 Risk Management & Pro Tips for Options Traders
📌 Avoid buying options immediately after market opens – wait for direction confirmation.
📌 Use stop-loss wisely – protect capital in volatile conditions.
📌 Time decay matters! If trading options, avoid holding losing positions for too long.
📌 Watch for wicks & rejection candles near key levels to time your entries better.
📌 Summary & Conclusion
✅ Key Resistance Levels: 23039-23065, 23178
✅ Key Support Levels: 22,755-22,779, 22,648-22,672
✅ No Trade Zone: 22,895 - 22,949
🚀 Bullish above: 22,950
📉 Bearish below: 22,755
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk! 💡
Nifty Futures Intraday trend forecast for Feb 19, 2025Based on my Gann, Elliott, and Trend analysis, I anticipate a bullish intraday trend for Nifty Futures on February 19, 2025. However, real-time movements may vary due to gaps in either direction. The provided support and resistance levels are subject to change in real-time. Please conduct your own technical analysis before taking any action. This information is for educational purposes only.
NIFTY 18 FEB 2025 - Key Levels 📊 Intraday Key Levels & Market Outlook 🔥
🚀 Current Market Price (CMP): 22,963.50
📈 Bullish Above (Resistance Levels):
🔴 23,037.40 – Key resistance zone, potential rejection area.
🔴 23,127.90 - 23,180.60 – Major resistance, break above could trigger strong bullish momentum.
🔴 23,311.70 - 23,322.65 – Critical supply zone, major breakout level.(IT' PNEED TO TOUCH BUT MAY BE NOT TODAY)
📉 Bearish Below (Support Levels):
🟠 22,835.90 - 22,816.60 (Key Yellow Zone) – This acts as a bullish/bearish pivot:
Above this, buyers may dominate.
Below this, sellers could take control.
🟢 22,665.90 - 22,624.80 – Demand zone, possible bullish bounce.
🟢 22,550.00 (New Support) – Additional key level, could act as strong support if price drops further.
📌 Trading Plan:
🔹 Above 22,835.90 – Bullish bias; look for buying setups.
🔹 Below 22,816.60 – Bearish bias; look for shorting opportunities.
🔹 Breakout traders should wait for confirmation before entering trades.
#Trading #StockMarket #Intraday #PriceAction #TradingView
#NIFTY Intraday Support and Resistance Levels - 18/02/2025Today will be flat opening expected in nifty. After opening important level is 23000. If nifty starts trading above 23050 then possible upside rally in opening session. If nifty not sustain above level and starts trading below 22950 then sharp downside expected upto 22800 and this can be extend further for 200+ points if nifty gives breakdown of 22750 level.
NIFTY : Trading levels and Plan for 18-Feb-2025
The market structure and price action suggest a key decision-making zone around 22,990-23,030. Based on the opening price, we will approach the trade accordingly.
🔹 1. Gap-Up Opening (100+ Points Above Previous Close)
If NIFTY opens with a gap-up above 23,030, it will directly enter the resistance zone. Here’s how to plan:
A rejection from 23,126 can trigger a short trade targeting 22,990. Confirmation is needed via bearish candles.
If NIFTY sustains above 23,126, a further rally towards 23,299 is possible. Look for a breakout retest before entering long positions.
Avoid fresh longs near resistance unless volume confirms breakout strength.
📌 Pro Tip: If opening above resistance, avoid chasing longs immediately; wait for a pullback.
🔹 2. Flat Opening (Near Previous Close: 22,954-22,990)
If price holds 22,990 and bounces, expect a push towards 23,030 and possibly 23,126.
A breakdown below 22,963 can lead to a drop towards 22,847.
Consider sideways movement between 22,990-23,030 as a no-trade zone unless a clear trend emerges.
📌 Pro Tip: Flat opens demand patience—wait for clear directional movement before entering.
🔹 3. Gap-Down Opening (100+ Points Below Previous Close)
If NIFTY opens below 22,847, it enters the support zone. Here’s how to approach:
A bullish rejection from 22,779 can offer a good long trade towards 22,847-22,963.
If the support fails, expect a deeper correction towards 22,720.
Sideways action in the 22,779-22,847 zone suggests waiting for trend confirmation.
📌 Pro Tip: Don’t rush into long trades unless price action confirms demand at support.
🔸 Risk Management & Options Trading Tips 🛡️
Keep SL tight, especially if trading near resistance/support zones.
Use option spreads to reduce risk in high-volatility conditions.
Avoid overtrading—stick to planned levels and execution strategies.
Watch open interest data to confirm market direction.
📌 Summary & Conclusion
✅ Resistance Levels: 23,030 → 23,126 → 23,299✅ Support Levels: 22,963 → 22,847 → 22,779✅ Trade Carefully in No Trade Zone: 22,990-23,030
🎯 The market is at a crucial level; patience and confirmation-based entries are key! Let the price action guide your trades.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk! 🚀
Nifty50 in negative zone : Be cautiousHello Friends,
After analyzing the long-term chart of the Nifty50 Index, I believe it has entered a negative zone. Therefore, I advise caution before taking long positions. It is wise to avoid speculation and naked derivative positions. If you decide to trade, please do so with strict stop-loss orders; otherwise, it may be best to refrain from initiating fresh positions.
I believe the Nifty50 has strong support at 22000 levels. However, any entry at those levels should depend on market movement and sentiment at that time.
It is important to note that this is not the time to book losses or exit in a panic, nor to re-enter at 22000 levels. I recommend holding existing positions and staying patient.
These are merely my observations regarding the market, and readers may have differing opinions.
#NIFTY Intraday Support and Resistance Levels - 17/02/2025Flat opening expected in nifty. After opening nifty will face strong resistance at 23000 level and expected downside movement upto the 22800 in opening session. For today's session, 22800 is the important support if nifty break this support and starts trading below 22750 then sharp downside rally possible upto 22500 level. Any major upside rally only expected if nifty starts trading and sustain above the 23050 level.
NIFTY : Trading levels and plan for 17-Feb-2025
🔍 Market Context: NIFTY has shown a strong downtrend with critical resistance and support levels forming significant zones. The price action near key levels will determine the direction for the day. Let’s break down possible scenarios.
1. Gap-Up Opening (100+ Points Above 22,996) If NIFTY opens above 22,996 , it enters the "Opening Resistance/Support Zone". Sellers may step in around this zone, leading to a possible rejection and downside move toward 22,918 . If the price sustains above 23,135 , bullish momentum could extend toward the 23,359 resistance zone. Profit booking is expected around 23,359 , making it a key level to watch for reversals.
🔹 Action Plan: ✅ If NIFTY faces rejection at 22,996 , consider short trades with a target of 22,918 .✅ If price sustains above 23,135 , go long with a target of 23,359 .✅ If NIFTY reaches 23,359 , consider partial profit booking.
💡 Tip: In a gap-up scenario, option premiums inflate. Consider spreads instead of naked options to control risk.
2. Flat Opening (Between 22,918 - 22,996) A flat open indicates uncertainty, keeping price inside the No Trade Zone (22,912 - 22,996) . A breakout above 22,996 signals bullish momentum toward 23,135 . A breakdown below 22,918 invites selling pressure toward the 22,743 - 22,677 support zone.
🔹 Action Plan: ✅ Avoid taking trades within 22,912 - 22,996 until a clear breakout occurs.✅ If price breaks 22,996 , go long with a stop-loss below 22,900 .✅ If price breaks below 22,918 , go short targeting 22,743 .
💡 Tip: Flat openings often trap traders. Wait for 15-30 minutes before entering trades.
3. Gap-Down Opening (100+ Points Below 22,743) A gap-down opening below 22,743 signals bearish sentiment. The 22,508 level is a critical intraday support – breaking below it can accelerate selling pressure. If NIFTY bounces back from 22,508 , it could trigger an intraday pullback toward 22,743 .
🔹 Action Plan: ✅ If price sustains below 22,743 , go short with a target of 22,508 .✅ If price holds 22,508 and reverses, consider long trades for an intraday recovery.✅ A move above 22,743 can lead to short covering toward 22,918 .
💡 Tip: In a gap-down scenario, IV (Implied Volatility) spikes, making option premiums expensive. Selling OTM call options can be a profitable strategy.
⚠ Risk Management & Options Trading Tips
🔹 Always use stop-loss – Never trade without a predefined risk level.🔹 Position sizing is key – Avoid over-leveraging.🔹 Trade with confirmation – Enter only after clear price action signals.🔹 Manage time decay – If buying options, choose ATM or ITM strikes to reduce theta decay.
📌 Summary & Conclusion
✅ Key Levels to Watch:
Resistance: 22,996 / 23,135 / 23,359
Support: 22,918 / 22,743 / 22,508
✅ Trading Plan Overview:
Gap-Up: Watch for rejection at 22,996 , possible breakout toward 23,135 .
Flat Open: No Trade Zone between 22,912 - 22,996 – wait for breakout.
Gap-Down: If below 22,743 , bearish sentiment dominates with 22,508 as the key support.
💡 Final Tip: Trade with discipline and follow your plan. Avoid emotional decisions – the market rewards patience! 🚀
📢 Disclaimer: I am not a SEBI registered analyst . This trading plan is for educational purposes only . Please do your own research before taking any trades. 📊
Market Update: Nifty Faces Bearish Pressure, 17-21st feb
Nifty closed at 22,929 this week, marking a decline of 630 points from the previous week's close. The index reached a high of 23,568 and a low of 22,774. As highlighted in my previous post, the bearish sentiment in Nifty remains intact, as both the monthly and weekly timeframes show negative trends. Until there is a significant reversal on these timeframes, the bearish outlook is expected to continue.
Looking ahead to next week, I anticipate Nifty will move within a range of 23,450 to 22,400 . The 22,300/22,400 zone offers strong support, and if this level is breached, we could see Nifty heading towards the 21,800 levels. Given this volatility, Nifty might not be the ideal index for small investors, particularly those heavily invested in mid and small-cap stocks. Let’s now take a closer look at the mid-cap and small-cap indices.
The Mid-Cap Index is currently near its key support level of 48,700 on the monthly chart. If it manages to hold this support next week, a potential reversal could follow, offering some relief to investors. On the other hand, the Small-Cap Index is still far from its crucial support of 14,500, which suggests that we could witness further downside of 4-5% in this segment . This could add more pressure on small-cap stocks, which are already facing a tough environment.
On a global front, the S&P 500 has finally broken through the strong resistance at 6,100 and closed above this level. If it manages to sustain above 6,100, we could see it reach 6,225 or even 6,376. This could potentially provide some tailwinds for the Indian markets, but for now, it seems that the Indian market remains under the tight grip of bearish forces.
In conclusion, while there are some signs of potential recovery in specific indices, the overall sentiment remains cautious. Investors should stay vigilant, especially in mid and small-cap segments, as the road ahead could be bumpy.
Nifty 14th FEB 2025 – Key Support & Resistance ZonesNifty Analysis – Key Support & Resistance Zones
🔹 Support Zones (Green):
22,935 - 22,926: Strong support area where buyers may step in. A break below this level could lead to further downside.
🔹 Resistance Zones (Red):
23,296 - 23,317: First major resistance zone.
23,382 - 23,400: Another key resistance area.
23,440 - 23,479: Strong resistance—breakout above this could signal bullish momentum.
📊 Current Trend:
✅ Trading Plan:
Bullish Scenario: Watch for a breakout above 23,153 for a potential move toward 23,296+.
Bearish Scenario: A breakdown below 23,019 could push the price toward 22,935 - 22,926.
📢 Keep an eye on price action near these levels and manage risk accordingly!
#NIFTY Intraday Support and Resistance Levels - 14/02/2025Gap up opening expected in nifty. After opening possible nifty will trade in between range of 23050 to 23250 in today's session. Any major and further downside only expected if nifty starts trading below the 22950 level. Upside 23250 will act as a strong resistance for nifty. Any strong bullish rally possible if nifty gives breakout of this resistance level.
NIFTY : Trading levels and Plan for 14-FEB-2025🔹 Key Levels:
📌 Resistance Zones:
🔴 Last Intraday Resistance: 23,262 – 23,306
🔴 Opening Resistance: 23,119 – 23,185
📌 Support Zones:
🟢 Opening Support/Resistance: 23,015 – 23,019
🟢 Buyer’s Support at Golden Retracement: 22,922 – 22,880
🟢 Stronger Buyer’s Support for Sideways/Consolidation: 22,677 – 22,742
📌 EMA: Price is reacting to the moving average, which could act as dynamic support/resistance.
📊 1️⃣ Gap-Up Opening (100+ points above previous close)
If NIFTY opens above 23,185:
Watch for rejection at 23,262 – 23,306: If price struggles, consider a short trade with SL above 23,320. Target: 23,185 – 23,100.
Sustained breakout of 23,306? Expect bullish momentum. Enter on a retest for targets 23,350 – 23,400.
Avoid impulsive longs at open: Wait for price to consolidate before entering trades.
💡 Pro Tip: If price rejects 23,262, sellers might step in aggressively. Consider buying Put options cautiously.
📊 2️⃣ Flat Opening (±50 points from previous close)
If NIFTY opens near 23,000 - 23,100:
Opening Support/Resistance Zone (23,015 – 23,019): This level will decide the market direction.
Break above 23,100? Expect bullish movement to 23,185. Go long above 23,105 with SL at 23,050.
Break below 23,015? Expect downside movement toward 22,922. Short below 23,010 with SL at 23,050.
💡 Pro Tip: In a flat opening, let price settle before making a decision. Patience pays!
📊 3️⃣ Gap-Down Opening (100+ points below previous close)
If NIFTY opens near 22,880 or below:
22,880 – 22,922 is a retracement support: If price holds, expect a bounce back. Go long above 22,900 with SL at 22,850.
Break below 22,880? Next major support is 22,677 – 22,742. Short below 22,870 with SL at 22,950.
If price reaches 22,677 and holds, expect a bounce. Look for buying opportunities around this level.
💡 Pro Tip: In a gap-down, avoid panic trades. Wait for proper confirmation before entering.
⚠️ Risk Management Tips for Options Trading
📌 Never chase a trade. Let price confirm the level before entering.
📌 Use stop-losses strictly. Protect your capital at all times.
📌 Avoid trading in the No Trade Zone. This is where stop-losses get hunted easily.
📌 Monitor IV (Implied Volatility). If IV is high, options premiums might be inflated. Consider spreads instead of naked options.
🔥 Summary & Conclusion
✅ Key Resistance: 23,119 – 23,185 / 23,262 – 23,306
✅ Key Support: 23,015 – 23,019 / 22,922 – 22,880 / 22,677 – 22,742
✅ Gap-Up: Watch resistance at 23,262. Breakout = bullish, rejection = short.
✅ Flat Opening: Wait for breakout/breakdown from Opening Support before entering.
✅ Gap-Down: 22,880 is crucial. Holding = bounce, breakdown = more downside.
🎯 Stick to the plan, follow discipline, and manage your risks!
⚠ Disclaimer: I am NOT a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.