📌 NIFTY Trading Plan – 31-Mar-2025
📊 Market Overview:
Nifty closed at 23,495, showing mixed sentiment near the Opening Support Zone (23,401 – 23,465). The market is at a crucial juncture, with potential bullish momentum above resistance levels, while breakdowns below key supports may trigger selling pressure.
This plan will help you react strategically to different opening scenarios, ensuring a favorable risk-reward ratio.
🔼 Scenario 1: Gap-Up Opening (100+ points above 23,600)
A gap-up above 23,600 signals bullish momentum, but for sustained upside, Nifty must stay above 23,642 – 23,842. Watch for rejection at resistance zones, as profit booking can lead to reversals.
✅ Plan of Action:
🎯 Pro Tip: If the gap-up is filled within the first 15-30 minutes, it suggests weak buying pressure and increases the probability of a reversal.
⚖ Scenario 2: Flat Opening (Within ±100 points, around 23,500)
A flat opening near 23,495 indicates indecision. The market will take direction after the first few candles, so breakouts or breakdowns from key levels should be closely monitored.
✅ Plan of Action:
🎯 Pro Tip: In a flat opening, wait for a clear 15-minute candle close above or below key levels before entering trades.
🔽 Scenario 3: Gap-Down Opening (100+ points below 23,400)
A gap-down below 23,400 may indicate fresh selling pressure, making it crucial to observe whether buyers step in at 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 → 23,925 → 23,990
🟧 No Trade Zone: 23,495 – 23,642
🟩 Support: 23,336 → 23,164 → 23,100
🔸 Bullish Bias: Above 23,642, targeting 23,772 – 23,925
🔸 Bearish Bias: Below 23,400, expecting a fall towards 23,336 – 23,164
🔸 Neutral/Choppy: Inside 23,495 – 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 23,495, showing mixed sentiment near the Opening Support Zone (23,401 – 23,465). The market is at a crucial juncture, with potential bullish momentum above resistance levels, while breakdowns below key supports may trigger selling pressure.
This plan will help you react strategically to different opening scenarios, ensuring a favorable risk-reward ratio.
🔼 Scenario 1: Gap-Up Opening (100+ points above 23,600)
A gap-up above 23,600 signals bullish momentum, but for sustained upside, Nifty must stay above 23,642 – 23,842. Watch for rejection at resistance zones, as profit booking can lead to reversals.
✅ Plan of Action:
- [] If Nifty sustains above 23,772, expect a move towards the next resistance at 23,925 – 23,990. A breakout above 23,990 could open doors for 24,050+.
[] If price faces rejection at 23,842, a pullback towards 23,642 → 23,495 is possible. If it breaks below 23,495, expect further downside. - Avoid aggressive longs inside 23,642 – 23,842, as this is a potential reversal zone. Wait for a decisive breakout or rejection confirmation.
🎯 Pro Tip: If the gap-up is filled within the first 15-30 minutes, it suggests weak buying pressure and increases the probability of a reversal.
⚖ Scenario 2: Flat Opening (Within ±100 points, around 23,500)
A flat opening near 23,495 indicates indecision. The market will take direction after the first few candles, so breakouts or breakdowns from key levels should be closely monitored.
✅ Plan of Action:
- [] Upside case: If Nifty breaks and sustains above 23,642, it may head towards 23,772 → 23,925. Monitor price action near these resistance levels before entering fresh longs.
[] Downside case: If Nifty breaks below 23,495, it could test 23,336 → 23,164. A breakdown below 23,164 will shift the trend bearish. - Avoid trading inside the No Trade Zone (23,495 – 23,642), as price could consolidate before a breakout.
🎯 Pro Tip: In a flat opening, wait for a clear 15-minute candle close above or below key levels before entering trades.
🔽 Scenario 3: Gap-Down Opening (100+ points below 23,400)
A gap-down below 23,400 may indicate fresh selling pressure, making it crucial to observe whether buyers step in at support zones.
✅ Plan of Action:
- [] If price sustains below 23,400, expect a decline towards 23,336 → 23,164. A breakdown below 23,164 could lead to a sharp fall towards 23,100.
[] If price finds support at 23,164 and rebounds, it may recover towards 23,336 → 23,495. A strong close above 23,495 will 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 a strong 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 → 23,925 → 23,990
🟧 No Trade Zone: 23,495 – 23,642
🟩 Support: 23,336 → 23,164 → 23,100
🔸 Bullish Bias: Above 23,642, targeting 23,772 – 23,925
🔸 Bearish Bias: Below 23,400, expecting a fall towards 23,336 – 23,164
🔸 Neutral/Choppy: Inside 23,495 – 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.
Trade closed: target reached
all target reached
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.