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.
