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Nifty 50 Index
Long

NIFTY : Trading levels and Plan for 18-Feb-2025

251

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:

  1. [] 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.
  2. 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)

  1. [] 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.
  2. 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:

  1. [] 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.
  2. 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 🛡️

  1. [] 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! 🚀
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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.
Chart PatternsniftylevelsniftylongniftyoptionsniftyoutlookniftypredictionniftytomorrowniftytradesetupniftytrendniftytrendanalysisTrend AnalysisWave Analysis
LiveTradingBox
Also on:

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.