Trading Plan for NIFTY: 23-Jan-2025
📌 Educational Trading Plan for All Opening Scenarios
This plan considers various market opening scenarios with 100+ points gap. Be prepared to adapt to changing trends and price levels with a disciplined approach. Let's analyze:
1. Gap-Up Opening (100+ Points)
If NIFTY opens near the 23,200–23,325 zone (Opening Resistance and Intraday Resistance):
Monitor price action around 23,200. If a rejection occurs, look to short with targets at 23,127 and 23,074.
A breakout above 23,325 with strong bullish candles could lead to further upside. If sustained, consider long trades targeting 23,400+.
Keep a stop-loss just above 23,325 for shorts or below 23,200 for longs.
📈 Pro Tip: Gap-up days can trap traders; wait for 15–30 minutes of price action confirmation before entering a trade.
2. Flat Opening
If NIFTY opens between 23,127–23,200:
Observe the movement within this NO Trade Zone (23,127–23,176). Avoid trades until a breakout or breakdown is clear.
A breakout above 23,176 can signal bullish momentum toward 23,200 or 23,325. Go long if strength persists.
On the flip side, a breakdown below 23,127 could lead to bearish momentum toward 23,074 or 23,017.
📉 Pro Tip: Stick to smaller lot sizes when trading within tight ranges or zones.
3. Gap-Down Opening (100+ Points)
If NIFTY opens near the 23,017–22,851 zone (Buyer’s Support Zones):
Watch for a bounce around 23,017–23,074. If a bullish reversal forms, consider long trades targeting 23,127 and 23,200.
If this zone is breached and NIFTY moves below 22,851, expect further downside with targets near 22,800 and 22,700. Initiate shorts cautiously.
📈 Pro Tip: Volatility in gap-down scenarios can be high. Trade with stop-losses and avoid revenge trading.
💡 Tips for Risk Management in Options Trading
Summary & Conclusion
Key levels to watch: 23,200 (Resistance), 23,127 (Critical Zone), and 22,851 (Support).
Stick to the plan and avoid emotional trading.
Be patient and wait for clear confirmations before initiating positions.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade responsibly and consult with a financial advisor.
✨ Happy Trading!
📌 Educational Trading Plan for All Opening Scenarios
This plan considers various market opening scenarios with 100+ points gap. Be prepared to adapt to changing trends and price levels with a disciplined approach. Let's analyze:
1. Gap-Up Opening (100+ Points)
If NIFTY opens near the 23,200–23,325 zone (Opening Resistance and Intraday Resistance):
Monitor price action around 23,200. If a rejection occurs, look to short with targets at 23,127 and 23,074.
A breakout above 23,325 with strong bullish candles could lead to further upside. If sustained, consider long trades targeting 23,400+.
Keep a stop-loss just above 23,325 for shorts or below 23,200 for longs.
📈 Pro Tip: Gap-up days can trap traders; wait for 15–30 minutes of price action confirmation before entering a trade.
2. Flat Opening
If NIFTY opens between 23,127–23,200:
Observe the movement within this NO Trade Zone (23,127–23,176). Avoid trades until a breakout or breakdown is clear.
A breakout above 23,176 can signal bullish momentum toward 23,200 or 23,325. Go long if strength persists.
On the flip side, a breakdown below 23,127 could lead to bearish momentum toward 23,074 or 23,017.
📉 Pro Tip: Stick to smaller lot sizes when trading within tight ranges or zones.
3. Gap-Down Opening (100+ Points)
If NIFTY opens near the 23,017–22,851 zone (Buyer’s Support Zones):
Watch for a bounce around 23,017–23,074. If a bullish reversal forms, consider long trades targeting 23,127 and 23,200.
If this zone is breached and NIFTY moves below 22,851, expect further downside with targets near 22,800 and 22,700. Initiate shorts cautiously.
📈 Pro Tip: Volatility in gap-down scenarios can be high. Trade with stop-losses and avoid revenge trading.
💡 Tips for Risk Management in Options Trading
- [] Trade only with a defined risk-reward ratio (1:2 or better).
[] Avoid over-leveraging. Use a maximum of 10–15% of your capital for a single trade.
[] In volatile markets, stick to ATM (At-The-Money) strikes for better liquidity and lower premiums.
[] Use trailing stop-losses to lock profits in trending markets. - Don’t hesitate to stay out if levels aren’t clear or if the market is choppy.
Summary & Conclusion
Key levels to watch: 23,200 (Resistance), 23,127 (Critical Zone), and 22,851 (Support).
Stick to the plan and avoid emotional trading.
Be patient and wait for clear confirmations before initiating positions.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade responsibly and consult with a financial advisor.
✨ Happy Trading!
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.