Nifty 50 Long-Term Outlook: Bullish or Bearish ?NIFTY 50 VIEW :
KEY PONITS AND CONFIRMATIONS :
Monthly - Uptrend ( Higher Low )
Weekly - Take Support at 22500 - 22750
Pattern - Falling Wedge Formed
Indicator - RSI - 30 Level Maintain . Chance to buy
SETUP :
Wait for Pattern Breakout and 23800 Resistance Level.
More details and Level noted the chart .
Thank you , Happy Trading ...
Niftytrend
#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 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 Review & Analysis - DailyPrice Action :
Nifty closed above 22900, making a small green candle trading in a smal band of 130 points whole day.
Technicals:
Nifty opened below previous day’s close around 22800 levels and sw si=ome buying at opening but faikled to move above 22950, trading whole day in a band of 50-70 points consolidating forming a small Green candle closing below 10,20,50,200 DEMA.
The momentum indicator, RSI - Relative Strength Index was sideways
Support/Resistance
Major Support 22700
Immediate Support 22850
Immediate Resistance 22950
Major Resistance 23100
Trend:
Overall Trend is Bearish sideays
Options Data:
Highest CE OI was at 23000 which also saw majoe writing - Resistance
Highest PE OI was at 23000, highest Put writing seen at 22600, 22700 ,22900 levels
PCR is 0.8 which indicates inconclusivness
Futures Data:
FII Long/Short ratio improved to 16.5%/83.5%
FII Future positions saw little change
Nifty Futures price was bit down,, a slight decrease in price alongside increase in Open Interest (OI) which typically indicates slight Bearishness
Outlook for Next Session:
Nifty is weak below 22800 or might see selling above 22950-23000
Approch:
Short at higher levels for 22700-22600 tgt
Wait for today’s High or Low to break and sustaines for further direction
My Trades & Positions:
No positions in Feb series
Reverse Hammer in Nifty (confirmation pending) sign of reversal.A reverse hammer pattern is formed in Nifty in the weekly charts. Usually This kind of formation signals trend reversal. For reversal to be successful we need a closing next week above 23044. If this happens investors and traders can breathe a sigh of relief from the on going market correction.
If the reversal is not successful we might see Nifty fall further to 22427 or in the worst case scenario the next supports will be at 22132, 21718 or even 21302 as of now. On the positive side if the reversal is successful we may see Nifty rising to 23383, 23819, 24205 or close to 25K if we get a weekly or monthly close above 23044 level.
Another point which goes in favour of Nifty is that weekly RSI currently is at 39.39. Last time the weekly RSI was this low was in March 23 when it was 38.80. After this point we saw a rally in Nifty which lasted almost 18/19 months. So a further small dip post which we can see a come back in Nifty as per the Relative Strength Index.
Next week and the week after than will be critical for reversal of Nifty. Shadow of the candle neutral to positive this week. We might be near a temporary bottom (confirmation pending).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
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 & Resistance Levels for 20.02.2025Wednesday’s session saw Nifty opening gap-down, touching a low of 22,814.85, before staging a sharp recovery to 23,049.95. However, selling pressure kicked in at higher levels, leading to a close at 22,932.90, down 12 points from the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, reflecting market indecision.
Demand/Support Zones
Near Demand/Support Zone (Daily): 22,620.35 - 22,910.15 (Tested multiple times)
Far Support Level: 21,281.45 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 20,769.50 - 20,950
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 23,176.15 - 23,235.50
Far Supply/Resistance Zone (75m): 23,248.45 - 23,301.75
Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65
Far Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30
Outlook
For the last four trading sessions, Nifty has been finding support near 22,700 - 22,800, but struggling to close above 23,000. If it crosses 23,000 - 23,050, we may see an up move toward 23,200. However, multiple supply zones between 23,176 - 23,400 could act as resistance, leading to renewed selling pressure.
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. 📉📈
Mother Line again resisting and Trendline supporting. Something got to give now in a big way as Mother line 50 Hours EMA of 1 hour chart is resisting the up move and trend line formed from the base of recent low is providing support to the Nifty. Few things can happen here which everyone can observe for Educational purpose:
1) If Trend line is broken Nifty will again try to seek support at 3 month or more cyclical points of 22802 or 22722. If 22722 is broken Nifty may find itself again searching for Bottom which can be temporarily near 22451.
2) Second thing that can happen is Nifty can just like last 2 days stay range bound and trapped between trend line supports and resistance in the range of 22722 to 23022 (Mother line of 50 hours EMA).
3) We might get a break out if we get a closing above 23022 (Mother line). In such a scenario the next resistance levels based on cyclical 3 month or older data seem to be near 23108, 23200 or 23283 (200 Hours EMA or the Father line). If we get a closing above Father line 23283 the next resistances can be 23494 or 23804.
This is what short term outlook of Nifty looks like.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
#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 stopped by Trendline and Mid-Channel Resistance. Nifty again today was stopped by the trendline and mid channel resistance inside the falling channel. A closing above mid-channel around 22967 will enable some strength to Nifty. However closing above the Mid-Channel will not be enough as there are 50 hours resistance line or the Mother line of hourly chart nearby as well. This Mother line is at 23043. The next resistance if we get a closing above 23043 will be near 23200. After this hurdle is crossed the next hurdle is near 23307. 23307 is the Father line of hourly chart. Post crossing this area the channel top will be near 23494. Supports for Nifty right now are at 22802, 22745. If 22745 is broken channel bottom support is near 22451 and post that trend bottom support near 22114. The closing was negative today but shadow of the candle is neutral to positive. Which can be considered a possible sign of reversal. However it is to early to call it a clear reversal until we get a closing above 23494.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
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.
Great 234 point comeback by Nifty from lows of the day. Nifty made a great comeback of 234 points from lows of the day that is 22725 to close at 22959. The momentum has to carry forward tomorrow in order for any rally to sustain. Only when we get a closing above Mother and Father line Bulls can take a sigh of relief. Mother line and Father line are at 23530 and 23587 respectively. Before we reach there there are cyclical resistances 3 months or older at 22984, 23229 and 23435. Supports for Nifty will be at 22725, 22438 and 22159. If we get a weekly closing below 22159 the next supports will be at 21810 and 21302 only. So despite a good closing we are not out of danger zone as of now. Shadow of the candle is neutral as of now.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
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. 📊