📌
🔹 Previous Close: 23,628.05
🔹 Important Zones to Watch:
🟥 Profit Booking Zone: 24,024 - 24,155
🟥 Last Intraday Resistance: 23,900
🟧 Opening Resistance: 23,747
🟧 No Trade Zone: 23,566 - 23,656
🟩 Last Intraday Support: 23,442
🟢 Support for Sideways Market: 23,346
📈 Scenario 1: Gap-Up Opening (Above 23,750)
If NIFTY opens with a gap-up of 100+ points above 23,750, it will enter the Opening Resistance Zone (23,747 - 23,900).
📝 Pro Tip: A direct gap-up into a resistance zone often leads to profit booking. Avoid aggressive longs unless a breakout is confirmed.
📊 Scenario 2: Flat Opening (Between 23,566 - 23,656)
A flat opening within the No Trade Zone (23,566 - 23,656) suggests uncertainty. Traders should wait for a clear breakout or breakdown.
📝 Pro Tip: A flat opening often leads to range-bound price action initially. Avoid taking trades in the first 15-20 minutes unless a clear trend emerges.
📉 Scenario 3: Gap-Down Opening (Below 23,450)
If NIFTY opens below 23,450, it enters the Last Intraday Support Zone. Watch for a reversal or further breakdown.
📝 Pro Tip: A gap-down below key supports often triggers panic selling. But if a quick pullback is seen, it might be a bear trap—wait for confirmation before shorting.
⚠️ Risk Management & Options Trading Tips
✔ Option Buyers: Trade ATM (At-the-Money) options and avoid OTM options when volatility is low.
✔ Option Sellers: If IV (Implied Volatility) is high, selling OTM strikes can be a good strategy.
✔ Always Use Stop Loss: Risk management is key to capital preservation.
✔ Avoid Overtrading: Stick to planned trades and don’t force setups.
📌 Summary & Conclusion
🚀 Bullish above: 23,656 (Target 23,900 - 24,024)
📉 Bearish below: 23,566 (Target 23,442 - 23,346)
⚠️ Key Zones to Watch: No Trade Zone & Profit Booking Area
📊 Expect Volatility: Let the market establish a clear direction before taking trades.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Always do your own research before taking any trades. 📢📊
#NIFTY #TradingPlan #StockMarket #OptionsTrading 🚀
🔹 Previous Close: 23,628.05
🔹 Important Zones to Watch:
🟥 Profit Booking Zone: 24,024 - 24,155
🟥 Last Intraday Resistance: 23,900
🟧 Opening Resistance: 23,747
🟧 No Trade Zone: 23,566 - 23,656
🟩 Last Intraday Support: 23,442
🟢 Support for Sideways Market: 23,346
📈 Scenario 1: Gap-Up Opening (Above 23,750)
If NIFTY opens with a gap-up of 100+ points above 23,750, it will enter the Opening Resistance Zone (23,747 - 23,900).
- [] 🔹 Bullish Strategy:
- [] If NIFTY sustains above 23,900, expect a strong move toward the Profit Booking Zone (24,024 - 24,155).
[] Ideal entry will be on retracement near 23,900 with SL below 23,850.
- [] If rejection is seen from 23,900 - 24,024, a short trade can be initiated targeting 23,750 - 23,650.
[] Stop loss for short trade above 24,100.
- [] If NIFTY sustains above 23,900, expect a strong move toward the Profit Booking Zone (24,024 - 24,155).
📝 Pro Tip: A direct gap-up into a resistance zone often leads to profit booking. Avoid aggressive longs unless a breakout is confirmed.
📊 Scenario 2: Flat Opening (Between 23,566 - 23,656)
A flat opening within the No Trade Zone (23,566 - 23,656) suggests uncertainty. Traders should wait for a clear breakout or breakdown.
- [] 🔹 Bullish Plan:
- [] A breakout above 23,656 can trigger a long trade targeting 23,747 - 23,900.
[] SL for longs should be below 23,600.
- [] If NIFTY breaks below 23,566, expect a drop toward 23,442.
[] Short trade can be taken with SL above 23,600.
- [] A breakout above 23,656 can trigger a long trade targeting 23,747 - 23,900.
📝 Pro Tip: A flat opening often leads to range-bound price action initially. Avoid taking trades in the first 15-20 minutes unless a clear trend emerges.
📉 Scenario 3: Gap-Down Opening (Below 23,450)
If NIFTY opens below 23,450, it enters the Last Intraday Support Zone. Watch for a reversal or further breakdown.
- [] 🔹 Buying Opportunity:
- [] A bullish reversal from 23,346 - 23,442 can give a long trade opportunity targeting 23,566 - 23,656.
[] Stop loss for longs should be below 23,300.
- [] If 23,346 breaks, expect further downside toward 23,200-23,150.
[] Short trade can be taken with SL above 23,400.
- [] A bullish reversal from 23,346 - 23,442 can give a long trade opportunity targeting 23,566 - 23,656.
📝 Pro Tip: A gap-down below key supports often triggers panic selling. But if a quick pullback is seen, it might be a bear trap—wait for confirmation before shorting.
⚠️ Risk Management & Options Trading Tips
✔ Option Buyers: Trade ATM (At-the-Money) options and avoid OTM options when volatility is low.
✔ Option Sellers: If IV (Implied Volatility) is high, selling OTM strikes can be a good strategy.
✔ Always Use Stop Loss: Risk management is key to capital preservation.
✔ Avoid Overtrading: Stick to planned trades and don’t force setups.
📌 Summary & Conclusion
🚀 Bullish above: 23,656 (Target 23,900 - 24,024)
📉 Bearish below: 23,566 (Target 23,442 - 23,346)
⚠️ Key Zones to Watch: No Trade Zone & Profit Booking Area
📊 Expect Volatility: Let the market establish a clear direction before taking trades.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Always do your own research before taking any trades. 📢📊
#NIFTY #TradingPlan #StockMarket #OptionsTrading 🚀
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.