📌 NIFTY Trading Plan – 28-Mar-2025
📊 Market Overview:
Nifty closed at 23,601, consolidating within a No Trade Zone after a strong uptrend. The market is at a critical juncture, and the price action at key levels will determine the next directional move.
This plan provides clear trade setups for different opening scenarios and helps you navigate market volatility with a structured approach.
🔼 Scenario 1: Gap-Up Opening (100+ points above 23,700)
A gap-up opening above 23,700 will push Nifty closer to the Last Intraday Resistance Zone (23,772). The key factor will be whether Nifty sustains above resistance or faces rejection.
✅ Plan of Action:
🎯 Pro Tip: If the gap-up is quickly filled within the first 15 minutes, it signals weak buying strength and increases the probability of an intraday correction.
⚖ Scenario 2: Flat Opening (Within ±100 points, around 23,600)
A flat opening suggests indecision among traders, and the market will likely take direction after the first few candles. The best strategy is to trade breakouts or breakdowns from key levels.
✅ Plan of Action:
🎯 Pro Tip: In a flat opening scenario, wait for a clear 15-minute candle close above or below key levels before entering trades.
🔽 Scenario 3: Gap-Down Opening (100+ points below 23,500)
A gap-down below 23,500 could indicate profit booking or fresh selling pressure. The critical factor will be whether buyers defend key support zones.
✅ Plan of Action:
🎯 Pro Tip: If the gap-down occurs near a strong buyer’s support zone, wait for a bullish price action confirmation before entering long trades.
⚠️ Risk Management Tips for Options Traders
🔹 Avoid over-leveraging – Use proper position sizing to manage risk.
🔹 Theta Decay Awareness – If the market consolidates, option premiums will erode rapidly.
🔹 Use Spreads for Protection – Instead of naked options, use spreads to limit risk and improve probability.
🔹 Trade at Key Levels – Avoid impulsive trades; focus on defined support and resistance zones.
📌 Summary & Conclusion
📍 Key Levels to Watch:
🟥 Resistance: 23,772 → 23,931 → 24,000
🟧 No Trade Zone: 23,451 – 23,642
🟩 Support: 23,520 → 23,300 → 23,136
🔸 Bullish Bias: Above 23,772, targeting 23,931 – 24,000
🔸 Bearish Bias: Below 23,500, expecting a fall towards 23,300 – 23,136
🔸 Neutral/Choppy: Inside 23,451 – 23,642, avoid unnecessary trades
🎯 Final Advice:
Stick to the structured trading plan and execute only at key levels.
Avoid emotional trading—wait for confirmation before entering trades.
The first 15-30 minutes after market open will provide better clarity—observe price action before committing to a trade.
📢 Disclaimer
I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trades.
📊 Market Overview:
Nifty closed at 23,601, consolidating within a No Trade Zone after a strong uptrend. The market is at a critical juncture, and the price action at key levels will determine the next directional move.
This plan provides clear trade setups for different opening scenarios and helps you navigate market volatility with a structured approach.
🔼 Scenario 1: Gap-Up Opening (100+ points above 23,700)
A gap-up opening above 23,700 will push Nifty closer to the Last Intraday Resistance Zone (23,772). The key factor will be whether Nifty sustains above resistance or faces rejection.
✅ Plan of Action:
- [] If Nifty sustains above 23,772, it can move towards the next resistance at 23,931. A breakout above 23,931 could trigger a rally towards 24,000+, but watch for profit booking at higher levels.
[] If price faces rejection at 23,772 and reverses, expect a pullback towards 23,650 → 23,600. A strong rejection here could lead to an intraday sell-off. - Avoid fresh longs inside 23,700 – 23,772, as this area may act as a profit-booking zone. Wait for confirmation before taking trades.
🎯 Pro Tip: If the gap-up is quickly filled within the first 15 minutes, it signals weak buying strength and increases the probability of an intraday correction.
⚖ Scenario 2: Flat Opening (Within ±100 points, around 23,600)
A flat opening suggests indecision among traders, and the market will likely take direction after the first few candles. The best strategy is to trade breakouts or breakdowns from key levels.
✅ Plan of Action:
- [] Upside case: If Nifty breaks and sustains above 23,650, it may head towards 23,700 → 23,772. Observe the price action near resistance before taking fresh longs.
[] Downside case: If Nifty breaks below 23,520, it could test 23,450 → 23,300. A breakdown below 23,300 will turn the trend bearish. - Sideways caution: If Nifty remains inside the No Trade Zone (23,451 – 23,642), avoid taking trades as volatility could trap both buyers and sellers.
🎯 Pro Tip: In a flat opening scenario, wait for a clear 15-minute candle close above or below key levels before entering trades.
🔽 Scenario 3: Gap-Down Opening (100+ points below 23,500)
A gap-down below 23,500 could indicate profit booking or fresh selling pressure. The critical factor will be whether buyers defend key support zones.
✅ Plan of Action:
- [] If price sustains below 23,500, expect a decline towards 23,300. A breakdown below 23,300 may accelerate selling towards the Buyer’s Support Zone (23,136 – 23,300).
[] If price finds support at 23,300 and rebounds, it may attempt a recovery towards 23,450 → 23,520. A strong close above 23,520 could shift momentum back to the bulls. - Be cautious of bear traps – If the market gaps down but quickly recovers, it could trigger short covering, leading to an upside reversal.
🎯 Pro Tip: If the gap-down occurs near a strong buyer’s support zone, wait for a bullish price action confirmation before entering long trades.
⚠️ Risk Management Tips for Options Traders
🔹 Avoid over-leveraging – Use proper position sizing to manage risk.
🔹 Theta Decay Awareness – If the market consolidates, option premiums will erode rapidly.
🔹 Use Spreads for Protection – Instead of naked options, use spreads to limit risk and improve probability.
🔹 Trade at Key Levels – Avoid impulsive trades; focus on defined support and resistance zones.
📌 Summary & Conclusion
📍 Key Levels to Watch:
🟥 Resistance: 23,772 → 23,931 → 24,000
🟧 No Trade Zone: 23,451 – 23,642
🟩 Support: 23,520 → 23,300 → 23,136
🔸 Bullish Bias: Above 23,772, targeting 23,931 – 24,000
🔸 Bearish Bias: Below 23,500, expecting a fall towards 23,300 – 23,136
🔸 Neutral/Choppy: Inside 23,451 – 23,642, avoid unnecessary trades
🎯 Final Advice:
Stick to the structured trading plan and execute only at key levels.
Avoid emotional trading—wait for confirmation before entering trades.
The first 15-30 minutes after market open will provide better clarity—observe price action before committing to a trade.
📢 Disclaimer
I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trades.
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.