#NIFTY Intraday Support and Resistance Levels - 26/03/2025Gap up opening expected in nifty near 23750 level. After opening 23750 level will act as a resistance for the opening session. In case nifty starts trading and sustain above 23800 level then expected upside rally upto 24000+ level. Major downside expected below 23500 level.
Niftytrend
NIFTY : Levels and Plan for 27-Mar-2025📊 Market Context:
NIFTY closed at 23,464.30, experiencing a minor pullback after a previous uptrend. The index is currently at a crucial support zone, where price action will determine the next movement.
Let’s analyze the plan for different opening scenarios and structure our trades accordingly.
🔼 Scenario 1: Gap-Up Opening (100+ points above 23,590)
A gap-up above 23,590 will place NIFTY near its Opening Resistance. This level is important because it has previously acted as a supply zone, and bulls need strong momentum to sustain above it.
✅ Plan of Action:
If price sustains above 23,590, we can expect a bullish move towards the Last Intraday Resistance at 23,660. A breakout above this level may extend gains to 23,780+.
If price gets rejected from 23,590 and starts reversing, look for a shorting opportunity, targeting 23,501 → 23,464.
Avoid aggressive long trades inside the 23,590 – 23,660 zone unless there is a clear breakout with volume.
🎯 Pro Tip: If the gap-up is weak and fills within 15 minutes, it indicates profit booking, leading to a possible retracement.
⚖ Scenario 2: Flat Opening (Within ±100 points, around 23,464)
A flat opening suggests market indecision, requiring confirmation before entering a trade.
✅ Plan of Action:
Upside case: If NIFTY breaks above 23,501, it can move towards 23,590. Observe price action at this level before deciding on further longs.
Downside case: If NIFTY breaks below 23,464, expect a decline towards the Opening Support Zone (23,501 – 23,477). A breakdown below 23,477 could trigger a deeper fall to 23,297.
Neutral Zone: If the index trades between 23,464 – 23,501, it indicates a choppy market. Avoid unnecessary trades here.
🎯 Pro Tip: A flat opening often leads to fake breakouts in the first 15 minutes. Wait for a strong candle close before entering a position.
🔽 Scenario 3: Gap-Down Opening (100+ points below 23,350)
A gap-down below 23,350 will put NIFTY near its Last Intraday Support Zone (23,297 – 23,343). If this level fails, further downside is possible.
✅ Plan of Action:
If price sustains below 23,350, expect a test of 23,297. A breakdown here could lead to heavy selling towards 23,182 – 23,100 levels.
If price rebounds from 23,297, it could trigger a pullback towards 23,464. Watch price action at 23,464 – 23,501 for signs of rejection or continuation.
Be cautious of bear traps—if price quickly reverses after a sharp gap-down, it might indicate a short-covering rally.
🎯 Pro Tip: In a gap-down scenario, avoid panic selling. Watch for reversals from key support levels before initiating fresh shorts.
⚠️ Risk Management Tips for Options Traders
🔹 Avoid over-leveraging – Keep your position sizing disciplined to minimize potential losses.
🔹 Theta Decay Awareness – If the market consolidates, option premiums will erode quickly.
🔹 Hedge Your Trades – Use spreads instead of naked options to reduce risk.
🔹 Wait for Confirmation – Enter trades only after a breakout/breakdown is retested with volume.
📌 Summary & Conclusion
📍 Key Levels to Watch:
🟥 Resistance: 23,590 → 23,660 → 23,780
🟧 No Trade Zone: 23,501 – 23,464
🟩 Support: 23,501 → 23,297 → 23,182
🔸 Bullish Bias: Above 23,590, targeting 23,660 – 23,780
🔸 Bearish Bias: Below 23,350, expecting a fall towards 23,297 – 23,182
🔸 Neutral/Sideways: If price remains between 23,501 – 23,464, avoid unnecessary trades.
🎯 Final Advice:
Stick to the plan and trade only at key levels.
Avoid trading inside No Trade Zones.
Let the market settle for 15-30 minutes before making big moves.
📢 Disclaimer
I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please conduct your research or consult a financial advisor before trading.
Nifty Review & Analysis - DailyNifty opened Gap up +90 points and soon saw profit booking, again found buying and made high of 23870 and saw sell off to 23650 levsl to close flat at 22368.
Price Action : - Bullish
Nifty closed Flat with some profit booking at highs.
Candle Pattern: - Bullish
Formed a Bearish candle, shpuld see tomorro’s candle for further direction.
Daily EMA Positioning: Bullish
10dEMA 23105
20dEMA 22926
50dEMA 23036
200dEMA 23402
EMA Trend:
Closed above 10dEma ,20dEma, 50DEMA and 200DEMA,
Daily MA suggests Buy
Hourly suggests Strong Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index is above 60 now at 71.65 - Just Over Bought
Momentum gaining towards Upside
Support/Resistance Levels:
Major Support 23300-200
Immediate Support 22500
Immediate Resistance 22700
Major Resistance 23800, 24000
Trend:
Short Term Trend is Sideways Consolidation
Daily Options Activity:
Highest CE OI was at 24000 also saw OI addition at 24000. 23800, 23700 - Resistance
Highest PE OI was at 23500, with no major PE addition
PCR is 1 indicating indecisiveness
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 33%/67% indicating addition of Longs by FIIs - Bullish
Change in Futures OI:
FII Future positions saw little addition in longs +2K with shorts unchanged -Bullish
Nifty Futures price was flat with 3% OI Addition indicating Long Additions
Observation:
Nifty looks strong above 23500, saw profit booking at 23870. Might consolidate above 23500-600 for further move
Overall Trend:
Sentiment is Positive Sideways
Outlook for Next Session:
Nifty looks strong around 23600, might consolidate above 23550 before another upmove to 24000
Approach & Strategy:
Long around 23500-600 in April contract, with 23300 as SL
My Trades & Positions:
Long in 23600CE April contract
Good Trendline Breakout Candle by Nifty. Nifty has given a good break out above Father line (200 Days EMA) at 23399 and Long term trend line. This shows that Bulls have made a comeback and are out of Coma. However Bears can try to disrupt things later in the week. Important resistance zone of Nifty now is between 23708 and 23830. Crossing and closing above 23830 has potential for the rally to inch upwards towards next resistance levels at 24030 and 24215.
The supports for Nifty now remain at 23399, 23109 and 23036. The sectors that are driving the rally are Banking (Both Private and Public sector), Finance, Public Sector Industries. Midcap, Smallcap, Infra, Pharma, Consumer Goods and some other sectors are also trying to catch up. Overall it has been a V shaped recovery. This week's closing will decide if the rally can turn out into full blown Bull run or not. Signs are ominous.
Predicting exact top and exact bottom remains illusive. When People were calling for Doomsday scenario and 20K, 19K levels we have seen Nifty rising 1694 points from 4th March Low of 21964.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. No one can guarantee any success in highly volatile market or otherwise. There is also chance of bias in our opinion. The supports and resistances indicated are based on data which has a cycle time of being 3 months or older so it is not necessary that it will work. The author or Smart Investment will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
#NIFTY Intraday Support and Resistance Levels - 25/03/2025Today will be gap up opening in nifty. Expected opening near 23750 level. After opening if nifty starts trading above 23800 then this bullish rally can extend for further 150-200+ points upto 24000+ level in today's session. Any major downside only expected below 23500 level.
Nifty Review & Analysis - DailyNifty opned at 23700 and couldn’t go higher trading in a range for most part of the morning session, then saw selling pressure and tested 23450 and closed in neagtive at 23486 down -0.7%
Price Action : - Bullish
Nifty closed Neagtive with some profit booking at highs.
Candle Pattern: - Bullish
Formed a Neagtive Bearish candle, Bearish untill recent highs taken out
Daily EMA Positioning: Bullish
10dEMA 23176
20dEMA 22980
50dEMA 23136
200dEMA 24080
EMA Trend:
Closed above 10dEma ,20dEma, 50DEMA and 200DEMA,
Daily MA suggests Buy
Hourly suggests Sell
15mins Suggests Strong Sell
The momentum indicator, RSI - Relative Strength Index is now below 70 at 65 - not Overbought
Momentum gaining towards Neutral to Positive
Support/Resistance Levels:
Major Support 23000
Immediate Support 22300-200
Immediate Resistance 22550
Major Resistance 23700, 24000
Trend:
Short Term Trend is Sideways Consolidation with Negative bias
Daily Options Activity:
Highest CE OI was at 24000 also saw OI addition at 24000. 23600, 22500 - Resistance
Highest PE OI was at 23500, saw Pe unwinding at 23000 with no major PE addition
PCR is 0.8 indicating mild Bearishness
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 33.5%/66.5% indicating addition of Longs by FIIs - Bullish
Change in Futures OI:
FII Future positions in longs & shorts remained unchanged -not Bearish
Nifty Futures price was -.7% with 2.5% Decrease in OI indicating Shorts Additions
Observation:
Niftylooked below 23700 as it couldn’t find buyers and saw selling at highs to close weak below 23500
Overall Trend:
Sentiment is Sideways cautious
Outlook for Next Session:
Nifty saw profit booking afrter 6-7 days of large upmove. Now in No trade Zone basically. Wait and watch for clear signal till 22300 or 22800 taken out
Approach & Strategy:
Wait and Watch with Long bias
My Trades & Positions:
No Positions
Nifty Coming back to test its supports.After a proper breakout and a rally which stretched above 1900 points from the March 4 lows, Nifty was clearly overbought on the hourly chart. It might be coming down for one or more of the following reasons:
1) Retesting support from where it can launch fresh move.
2) Correcting the RSI which had gone into the overbought zone.
3) Pressure due to upcoming Monthly and Financial year closing approaching on 28th March 2025.
3) The rally might have fizzled out.
4) Tax harvesting being done by retail investors.
5) Pressure due to upcoming Monthly and Financial
The first 4 options seem to be more likely of the 5 points mentioned above. FII was again on the buying side today so DII and Retail were the major selling parties.
Nifty Supports currently remain at:
1) Strong support zone of 23398 and 23309 (Hourly Mother Line support). This zone also includes the formidable mid channel support.
2) Next support is at 23145.
3) The next critical support for the rally remains at (Father line of the hourly chart) which is at 22959.
4) Final support for the rally will be at Channel bottom which is at 22801.
Nifty Resistance currently are at:
1) 23602 which is now a resistance.
2) 23749 a formidable resistance.
3) Recent rally top at 23869.
4) The zone between 24071 and 24267. (The areas that can be new channel top).
If you want to learn more about Mother, Father and the Small child theory designed by me about the stock market, Parallel Channels, charts, Candlestick analytics, Fundamental analysis, Mother and Father line importance, How to book profits, how to find a balance between Technical and fundamental analysis through Happy Candles Numbers, understand Behavioral Finance and other interesting topics by learning which you can make your money work harder you should read my book THE HAPPY CANDLES WAY TO WEALTH CREATION which is available on Amazon in paperback and kindle version. E-version of the same is available on Google Play Books too.
More volatility can be expected int the next 2 days due to ongoing Ukraine-US-Russia announcements, Financial year expiry and Trump Tarif updates. Trade with caution.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NIFTY 50 Breakout of Daily Trend Line. What Next?There was a Daily Trend Line Breakout for NIFTY50 and then We saw a Unhealthy up movement. Now the Price is on the extreme of a weekly Supply zone.
There can be a Pull back now till Daily EMA20 @ 23050.
If it takes Support from Daily EMA it should then Try and Break Weekly Supply Zone
Above 24000 NIFTY will be considered in UPTREND again.
Hope for the Best!
Nifty Review & Analysis - Daily
Nifty opened Gap up +150 points again following Global Cues and saw surge throughout the day making a high of 23708 and closing at 23658 (+1.5%).
Price Action : - Bullish
Nifty closed 1.5% in positive. Consequtive 6 days green candle and closing above 10,20,50 nad 200 dEMA
Candle Pattern: - Bullish
Formed a Big Green candle with a small wick on upside.
Daily EMA Positioning: Bullish
10dEMA 22979
20dEMA 22848
50dEMA 23036
200dEMA 23399
EMA Trend:
Closed above 10dEma ,20dEma, 50DEMA and 200DEMA,
Daily MA suggests Strong Buy
Hourly suggests Strong Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index is above 60 now at 71.5 - Just Over Bought
Momentum gaining towards Upside
Support/Resistance Levels:
Major Support 23300-500
Immediate Support 22600
Immediate Resistance 22750
Major Resistance 24000
Trend:
Short Term Trend is Bullish
Daily Options Activity:
Highest CE OI was at 24000 also saw some unwinding with huge Unwinding at 23600-500 highest - Support
Highest PE OI was at 23300, highest Put addition seen at 23500 followed by 23600 - support
PCR is 1.2 indicating Bullishness
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 32.5%/67.5% indicating addition of Longs by FIIs - Bullish
Change in Futures OI:
FII Future positions saw littl3 addition in longs +2K with shorts unchanged -Bullish
Nifty Futures price was higher by 01.5% and 12.5 %OI Increase indicating Long Additions
Observation:
Nifty looks strong above 23550 forming daily positive green candles, closing above 10,20,50, 200dEMA and RSI just in overbought zone
Overall Trend:
Sentiment is very Positive
Outlook for Next Session:
Nifty looks strong around 23600, might consolidate above 23550 before another upmove to 24000
Approach & Strategy:
Long with 22850 as SL in April contract, continue with SL 23500
My Trades & Positions:
Long in 23200CE April, closed and moved to 23600CE April
Decoding NIFTYDear Traders,
I hope this message finds you well in your trading endeavours and personal pursuits. I am excited to share a compelling opportunity with you through a new NIFTY analysis that sheds light on the continuation of the market shift.
Preliminary Analysis Overview:
The downtrend from all-time highs has reached approximately 65% of its progression.
The recent upward surge is somewhat concerning due to concerns about a new trend or a correction within a correction in a larger degree (downtrend).
Let us discuss the key points to distinguish between these two scenarios:
The second leg of the downtrend is experiencing a correction, having completed approximately 89/90 days (which reinforces the interim trend’s completion).
The current correction is progressing rapidly, exhibiting limited sub-waves, which is typically not a characteristic of a motive wave (especially at the beginning of a trend).
The accompanying chart illustrates this point.
Let us elucidate the reasons behind this assertion:
Reason I:
As a staunch believer and ardent follower of Master WDG , the significance of time cannot be disregarded.
The primary downtrend commenced on September 27, 2024, and is poised to encounter a pivotal juncture, namely 180 days from its commencement on March 25, 2025 (Tuesday). This date also coincides with a cross-over with the Fibonacci value of 21 from March 4, 2025, where the interim correction commenced (21,964.60).
The 180D is a component of both the tetragram and the hexagram, and it also represents the midway point of a complete circle (360).
There is also another weird correlation, 4th MAR’25 & 25th MAR’25 both falls on Tuesday marking initiation & termination, the same day.
Reason II:
The geometric patterns of preceding and ongoing movements further support this analysis.
Analyzed both on a daily and weekly basis. The correction responded favorably to both Fibonacci retracements and trendlines. Upcoming resistance levels include:
RI: 23,590~23,600
RII:23,653 (23.6% of the downtrend)
RIII: 23,807
The previous support level is acting as a crucial resistance.
I also observe that there will not be a positive close in 3M charts.
Reference:
Important Dates to Remember:
As suggested, March 25, 2025, marks a significant juncture in the overall trend.
This is pure technical based analysis & does not involve any economic data releases other factors.
** Final Verdict: **
The market is anticipated to conclude its final leg of the downtrend, commencing from this Tuesday. However, the duration of this leg can range from 1 to 2 months.
I have identified several crucial dates for monitoring the upcoming trend. Stay informed!
**Strategy:**
Given the prevailing market conditions, adopting a bearish stance appears prudent.
Any sell positions executed after 23,550 will yield positive returns.
While it may seem counterintuitive to deviate from the prevailing trend, I am merely adhering to the established rules (without expressing any personal sentiment). However, it is inherently risky. Therefore, it is imperative to implement robust risk management strategies during such high-risk trades that are significantly influencing the market.
Additionally, please exercise caution regarding option buying. The low volatility environment is concerning, but it is anticipated to normalize as the downtrend progresses.
Fellow Traders,
The creation of this valuable analytical resource has required countless hours of dedication and effort. If you find it useful, I humbly request your support by boosting the idea and following me (updates will be provided via this post, new posts, and through minds). Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally.
Thank you for investing your time in reading this article.
Wishing you profitable and fulfilling trading endeavors!
Disclaimer:
Before concluding, I must emphasize that the insights shared are based on my analysis. It is crucial for you to conduct your own research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial objectives and risk tolerance.
#NIFTY Intraday Support and Resistance Levels - 24/03/2025Today will be gap up opening expected in nifty. Expected opening near 23450 level. After opening if nifty gives breakout and starts trading above 23500 level then expected strong upside rally upto 23750+ level in opening session. 23500-23450 level will act as resistance. Any correction only expected if nifty gives reversal from this level.
Nifty Trading Stratgey for Option PlayersNifty Trading Strategy for the Week Ahead 📝✅
Nifty has recovered strongly from the 22,700–22,800 zone up to around 23,350. Momentum on the 1H chart is still pointing upward (higher highs and higher lows since early March).
Max Pain: ⚠
The current Max Pain appears around 23,200–23,300.
Price (≈23,350) is slightly above Max Pain. Often, option sellers benefit if the index settles near the Max Pain level by expiry; however, in a strong uptrend, price can remain above it.
Open Interest (OI) & Change in OI:📊
Significant Put OI (and additions) around 23,200 and 23,000. This often implies a support zone.
Noticeable Call OI at or above 23,500, which could act as a short-term resistance if price approaches that region.
Put–Call Ratio (PCR): 📈📉
PCR is around 1.05–1.10, suggesting mildly bullish sentiment.
A PCR > 1 usually means more puts are being sold or more call positions are being closed, implying the market is not aggressively bearish. However, an extremely high PCR can also hint at an overbought market, so it’s good to be cautious.
2. Possible Strategy 🧠
Given the uptrend and the supportive OI near 23,200, a buy-on-dips approach looks reasonable. However, be mindful of the overhead call OI around 23,500.
Entry:💡
Buy (go long) near 23,300–23,280
Rationale: You’re buying close to the short-term support area (23,200–23,250) indicated by strong Put OI and near the Max Pain region.
Target: 🎯
First Target: 23,450–23,500
Rationale: This zone is just below the big Call OI cluster, which could be the first significant resistance. Lock in partial profits here if the market moves up quickly.
2nd Target (if momentum is strong): 23,600 🎯🎯
Only consider holding for a higher target if you see follow-through buying and a breach of 23,500 on good volumes.
Stop Loss: 🔴
Stop Loss: 23,200 (on a closing basis if you are trading intraday to multi-day)
Rationale: A break below 23,200 would indicate that sellers are gaining control and that the put-writers’ support is failing.
NIFTY : Intraday Trading levels and Plan for 25-Mar-2025📊 Nifty Trading Plan – 24-Mar-2025 (Educational & Strategy-Oriented)
Chart Timeframe: 15-Min | Key reference zones marked on chart
📍
🚀 GAP-UP Opening (Above 23,407)
If Nifty opens with a gap-up above 23,407, it will enter the Wave 3 Resistance Zone (23,508 – 23,582), which is a high-probability reversal zone.
✅ Plan of Action:
• Don’t rush into buying after the gap-up. Wait and observe the price behavior around 23,508 – 23,582.
• This area is likely to witness profit booking or short build-up.
• Look for signs of reversal like bearish engulfing, shooting star, or bearish divergence on RSI.
• If such patterns form, consider buying Put Options (OTM PE) with a stop-loss on a 15-min candle closing above 23,585.
• If Nifty sustains above 23,582 with strong volume, then we might be heading into an extended up-move, but this is lower probability.
• Safer trades are shorting on signs of exhaustion at higher levels.
📌 Key Zone to Watch: 23,508 – 23,582 (Wave 3 Resistance)
📈 FLAT Opening (Between 23,245 – 23,407)
This is the Opening Resistance / Support Band (23,345 – 23,407), acting as a decision-making zone.
✅ Plan of Action:
• Let the market settle in the first 15–30 mins.
• If price holds and builds strength above 23,345, Nifty may climb towards 23,407, and if broken, test 23,508+.
• Weak price action (rejection wicks or low volumes) from 23,345–23,407 signals weakness. In that case, look for short opportunities with SL above 23,407.
• Avoid CE entries unless price sustains above 23,407 with momentum and volume breakout.
• If price starts to slip below 23,245, sellers will get more active and price could drop quickly to next support.
📌 Key Decision Zone: 23,345 – 23,407
📌 Support Trigger: 23,245 (Opening Support)
📉 GAP-DOWN Opening (Below 23,245 or near 23,185 – 22,985)
If Nifty opens below the Opening Support at 23,245, or even near deeper support zones of 23,185 or 22,985, it will bring in volatility and create both breakdown and reversal opportunities.
✅ Plan of Action:
• A gap-down near 23,185 should be watched carefully. This is a minor intraday support. If held with a bullish candle (like a hammer), consider buying CE with SL below 23,160.
• If the gap-down extends to 22,985 (Last Support for Intraday), it's a strong bounce zone. A bullish reversal candle here provides high RR long trades.
• If price fails to hold 22,985, sellers may dominate and drag Nifty further down. Consider PE trades only after a 15-min close below 22,985.
• Avoid panic trading – let the zone react and only act based on confirmation candles.
📌 Bounce Zones: 23,185 and 22,985
📌 Breakdown Trigger: Below 22,985
🛡️ Risk Management Tips for Options Traders:
• Avoid trading first 5–15 mins after opening, especially on gap days – let price give structure.
• Use hedged strategies like Bull Call or Bear Put Spreads to reduce premium loss due to theta decay.
• Trade light near reversal zones – don’t go all-in on emotional conviction.
• Always place stop-loss on closing basis (15-min candle), not fixed points, especially during volatile moves.
• If VIX is high, premiums are inflated – focus on quick entry & exit, no holding hoping for magic.
📌 Summary & Conclusion:
• Nifty has entered a critical decision zone.
• Watch 23,407 carefully – above it, bulls may attempt a final push to 23,582, but signs of exhaustion there are likely.
• On the downside, supports at 23,185 & 22,985 will act as bounce zones.
• Directional trades should be initiated only after price confirms intent post opening.
• Use structure + volume for confidence in setups.
⚠️ Disclaimer: I am not a SEBI-registered analyst. The above content is for educational purposes only. Please do your own analysis or consult a certified financial advisor before making any trading decisions.
Solid Comeback by Nifty on Weekly Chart. 1 hurdle remaining. Nifty made a solid comeback gaining 4.26% this week. One major hurdle remaining which is 23403. If Nifty can close above this level the next resistances will be at 23809, 24030, 24215, 24443, 24667 and 24873 before Nifty can regain 25K levels. The supports for Nifty on the lower side if it is not able to cross the major hurdle at 23403 will be 23109, 22789, 22334 and 21974. As of now the Bulls have done well turning the shadow of the candle positive for the next week.
However there is also a small possibility of 23403 becoming Achilles heel for the rampant Bulls. Weekly RSI is at 48.89 which means it has entered the bullish territory. MACD or the Moving Average Convergence and Divergence has not fully moved into the Bullish territory but it has certainly taken the turn towards the convergence.
So overall it was a great week for bulls after a long time but one final hurdle of the Bear 'Chakravyuh' remains to be conquered.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
#NIFTY Intraday Support and Resistance Levels - 21/03/2025Flat opening expected in nifty. Expected opening near 23200 level. This level will act as an immediate resistance for nifty. Any downside reversal expected from this level. Downside 23000 level will act as a strong support for today's session. Any downside movement can revers from this support level. Strong upside rally expected if nifty starts trading above 23250 level. This rally can be 200-250+ points in today's session.
A Trend break trap in Nifty 50 that can trap retailersDisclaimer- Please take this as an educational content, trade with professional financial advice and discretion
The US Federal Reserve’s latest policy stance has sent waves of optimism across global stock markets, including India, as it signaled two interest rate cuts in 2025 while slowing its balance sheet reduction. As of today we can observe a strong break out in Nifty 50 index due to positive global cues and this indicates a long trade on the index future. But this may a trap due to lot of reasons.
GDP growth has been cut from 2.1 per cent to 1.7 per cent, core inflation is set to rise from 2.5 per cent to 2.8 per cent, and unemployment is projected to inch up.
Inflation concerns rise in with tariff wars and a similar situation can be experienced as the hyperbolic rise in inflation of 2021 as current inflation is above fed targets and could go out of bounds due to faster rate cuts.
I believe the US government(Donald Trump) doesn't wants high tariffs but is prone to act out harshly to protect his image and thus ended up starting a global trade war.
On warfront there is no actual progress towards a ceasefire and more talks on the diplomatic end, which may not give the fuel to markets for a rally.
Technically there is heavy resistance built by option writing and shorts at 23500 level which may be harder for the market to break in the short term.
I would be adding shorts on price action at resistance and won't be carrying any overnight positions.
Nifty Review & Analysis - Daily
Nifty opened Gap up again following Global Cues and saw surge throughout the day making a high of 23216 and closing at 23190 +1.25%.
Price Action : - Bullish
Nifty closed 1.25% in positive. Consequtive 4 days green candle and closing above 10,20,50 dEMA and forming big weekly green candle breaking out above Trend line connecting Life thigh and previous highs.
Candle Pattern:
Formed a Big Green candle with a small wick on upside.
Daily EMA Positioning:
10dEMA 22713
20dEMA 22710
50dEMA 22997
200dEMA 23397
EMA Trend:
Closed above 10dEma ,20dEma & 50DEMA,
Daily MA suggests Buy
Hourly suggests Strong Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index is above 60 now at 63
Momentum gaining towards Upside
Support/Resistance Levels:
Major Support 23000
Immediate Support 22150
Immediate Resistance 22250
Major Resistance 23500
Trend:
Short Term Trend is Bullish
Daily Options Activity:
Highest CE OI was at 23500 with highest addition at 23400 and 23500- Resistanc
Highest PE OI was at 23000, highest Put addition seen at 23000 followed by 23200 - support
PCR is 1.1 indicating Bullishness
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 30%/70% indicating slowly addition of Longs by FIIs - Bullish
Change in Futures OI:
FII Future positions saw little addition in longs +9K with -10K change in shorts -Bullish
Nifty Futures price was higher by 0.9% 3.5 %OI decreasing indicating weakness is current upmove
Observation:
Nifty looks strong above 23000 forming daily positive green candles and weekly huge green candle closing above 10,20,50dEMA and FII long addition
Overall Trend:
Sentiment turning Positive
Outlook for Next Session:
Nifty looks strong around 23200, might consolidate abobe 23000 before another upmove
Approach & Strategy:
Long with 22850 as SL in April contract
My Trades & Positions:
Long in 23200CE April
NIFTY Trading Levels and Plan for 21-Mar-2025📅 NIFTY Trading Plan – 21-Mar-2025
📍 Reference Price: 23,190 (Close on 20-Mar-2025)
📊 Chart Structure: Price is nearing exhaustion at highs, so we need to observe for either continuation or reversal from resistance zones.
📌 Opening Scenario 1: GAP-UP Opening (100+ Points)
🟢 Expected Open Zone: 23,270 – 23,330
👉 If Nifty opens with a strong gap-up above 23,270: Watch for price action near 23,345 , marked as the last strong intraday resistance . If you see rejection (like wick rejections or bearish engulfing on 5m/15m), consider initiating short positions with a stop loss above 23,370. On clean breakout and sustained move above 23,345, target the Profit Booking Zone: 23,407–23,445+ . Be cautious chasing longs on a gap-up unless price consolidates and confirms breakout.
🎯 Key Tip: Don't short just because it's a gap-up. Let the candle give confirmation through rejection patterns.
📌 Opening Scenario 2: FLAT Opening
🟠 Expected Open Zone: 23,150 – 23,190
👉 In case of flat to mild gap open: Watch 23,185 as the immediate Opening Resistance / Support .
If price sustains above 23,185 with strength, you can look for a long entry targeting 23,345 and beyond.
However, if price struggles and fails to cross 23,185 with rejection patterns, short toward 23,068 and 22,994.
Breakdown below 23,068 may accelerate profit booking till the lower zone of 22,994–22,882.
🎯 Key Tip: The first 15–30 mins are crucial. Avoid rushing into trades. Use the breakout-retest model for safer entries.
📌 Opening Scenario 3: GAP-DOWN Opening (100+ Points)
🔻 Expected Open Zone: 23,050 – 22,950
👉 If Nifty opens with a significant gap-down: Observe price action near Opening Support Zone: 23,068 – 22,994 .
If bulls defend this zone with strong reversal patterns (hammer, bullish engulfing), it could be a dip-buying opportunity. Below 22,994, next major support lies at 22,882 . Breakdown of this zone could trigger sharp fall. Avoid shorting after a gap-down unless 22,882 breaks convincingly.
🎯 Key Tip: Never knife-catch a falling market. Let the base build before entering reversal trades.
🛡 Risk Management Tips for Options Traders 🧠 Use defined risk trades: Prefer vertical spreads (bull call/bear put) instead of naked options. Avoid buying OTM options post 11:00 AM unless momentum is strong. Always risk less than 2% of your capital per trade. Trail your stop loss once the trade moves in favor to protect capital. Don't overtrade – quality setups > quantity.
✅ Summary & Conclusion:
📍 Nifty is trading near crucial resistance levels.
📍 23,345 remains the make-or-break zone for bulls.
📍 Support zones: 23,068 → 22,994 → 22,882
📍 React to price action at key zones rather than predicting it.
📍 Let the first 15–30 minutes settle before jumping into trades for optimal RR setups.
⚠️ Disclaimer:
I am not a SEBI-registered analyst . This trading plan is shared for educational purposes only. Please consult your financial advisor before taking any trades based on this plan. Risk wisely and trade with discipline. 🙏
Nifty Intraday Support & Resistance Levels for 21.03.2025🔎 Market Recap:
On Thursday, Nifty opened gap-up, dipped to a low of 22,973.95, and surged to a high of 23,216.70, entering the 125m Supply Zone (23,144.05 - 23,235.50). It closed strong at 23,190.65, gaining 283 points from the previous close.
📉 Trend Analysis:
Weekly Trend (50 SMA): Negative
Daily Trend (50 SMA): Sideways
📉 Demand/Support Zones:
Near Demand/Support Zone (75m): 23,021.60 - 23,068.25
Far Demand/Support Zone (75m): 22,882.80 - 22,937.70
Far Demand/Support Zone (75m): 22,697.75 - 22,774.35
Far Demand/Support Zone (Daily): 22,314.70 - 22,676.75
Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55
Far Support: 21,281.45 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 20,769.50 - 20,950.00
📈 Supply/Resistance Zones:
Near Supply/Resistance Zone (125m): 23,144.05 - 23,235.50 (Tested)
Near Supply/Resistance Zone (Weekly): 23,222 - 23,807.30
Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 (Inside Weekly Supply)
Far Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30 (Inside Weekly Supply)
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25
📊 Outlook & Strategy:
Nifty continued its bullish momentum, respecting lower demand zones and pushing higher into the 125m Supply Zone.
🔹 Short-term Trend: Bullish but overbought
🔹 Key Watch: If Nifty sustains above 23,144, we could see an extension towards 23,443 - 23,807 in the coming sessions. However, profit booking is possible from these supply zones.
🔹 Caution: 23,222 - 23,807 (Weekly Supply Zone) could act as a strong resistance, leading to a pullback towards 23,021 - 22,882 if rejection is observed.
📢 Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing in the stock market involve risk, and past performance does not guarantee future results. Always conduct your own research and consult with a certified financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred based on this analysis.
#NIFTY Intraday Support and Resistance Levels - 20/03/2025Gap up opening expected in nifty above 23000 level. After opening if nifty sustain above this level then expected strong upside rally upto 23250+ level in today's session. Any downside movement only expected below 22950 level. Downside 22750 level will act as a strong support for today's session. Any major downside only expected below this support level.
OUTLOOK NIFTY 50 Index (NSE) 4-hour timeframe ,NIFTY 50 Index (NSE) 4-hour timeframe ,
Chart Analysis:
1. Key Levels:
• Entry Zone: Marked in red between 22,324.90 - 22,529.25, suggesting a potential buying area.
• Targets (Resistance Levels):
• 23,365.00 (first target).
• 23,799.20 (second target).
• 24,176.50 - 24,190.40 (final target).
2. Market Structure:
• The price was in a downtrend but has started to recover from the entry zone.
• Previous double-top formations (marked in orange circles) led to bearish reversals.
• Now, the price is expected to form higher highs and higher lows, indicating a potential bullish trend.
3. Bullish Prediction:
• If NIFTY 50 holds above the entry zone, a bullish breakout is expected.
• The price could rise towards the 23,365.00 level first and then potentially to 24,190.40.
Conclusion:
This chart suggests a buying opportunity near the entry zone for a bullish continuation. However, if the price falls below 22,324.90, the bullish scenario may be invalidated.
NIFTY : Intraday Trading Levels and Plan for 20-Mar-2025📅 NIFTY TRADING PLAN – 20-Mar-2025
🕒 Timeframe: 15 Min | 📌 Reference Close: 22,911.80
📏 Gap Opening Threshold: 100+ points
📈 1. GAP-UP Opening Scenario (Opening Above 23,010)
If NIFTY opens 100+ points higher — around or above 23,010 — it enters the Profit Booking Zone: 22,995 – 23,067 .
✅ Action Plan:
- If Nifty opens in the 22,995–23,067 zone, avoid aggressive long trades at open. This zone has historically triggered selling pressure.
- Observe the behavior near 23,067 . If candles start rejecting higher prices or form reversal patterns (e.g., bearish engulfing), plan short trades with SL just above 23,067 .
- If Nifty crosses 23,067 with momentum and volume, upside extension is possible toward 23,185 — the Last Intraday Resistance .
- Avoid shorting blindly above 23,067 . Let price consolidate or form lower highs before initiating any counter-trend short.
📌 Educational Note: Profit booking zones often create whipsaws. Let the market decide the intent before jumping in.
🚫 Don't chase gaps — instead, wait for re-entry opportunities once price confirms direction.
📊 2. FLAT Opening Scenario (Between 22,850 – 22,950)
If NIFTY opens within a tight 40–50 point range around its closing level (±50 points), it's considered a flat opening.
✅ Action Plan:
- Allow the market to settle for the first 15–30 minutes . Avoid early entries.
- If Nifty sustains above 22,995 , we may see a quick move toward 23,067 . One can consider intraday longs above 22,995 with a stop loss near 22,950 .
- If price faces rejection at 22,995 and drops below 22,912–22,880 (previous close zone), short opportunities may arise toward 22,800 (Opening Support) .
- Keep an eye on 22,800 as it is a key intraday support. Breakdown below it can lead to a deeper fall toward 22,728 and 22,632 .
📌 Educational Note: Flat openings often provide the best setups if you let price action settle. Stay nimble and neutral till breakout/breakdown confirms.
📉 3. GAP-DOWN Opening Scenario (Opening Below 22,812)
If NIFTY opens with a gap-down of 100+ points (around or below 22,812 ) — look for action near support zones like 22,800, 22,728, and 22,632 .
✅ Action Plan:
- If Nifty opens near 22,800 and holds, wait for a reversal pattern. Intraday long trades are possible toward 22,912+ .
- A clean breakdown below 22,728 (Last Intraday Support) may trigger a slide toward 22,632 (Buyer’s Support) .
- Avoid catching falling knives. Only buy near 22,632 if there’s clear bullish reversal with volume confirmation.
- If price opens below 22,728 and tries to retest and fails to reclaim that level, short trades can be considered with a stop above 22,728 .
📌 Educational Note: Big gap-downs often attract panic exits in the first 15 mins. Wait for a base to form before looking for reversal trades.
🧠 OPTIONS TRADING – RISK MANAGEMENT TIPS
💼 Use defined stop losses based on 15-min or 30-min candle close. Avoid emotional exits.
⚖️ Avoid buying deep OTM options during rangebound conditions — prefer ATM or ITM for better delta control.
🛡️ Use hedged strategies like bull call spreads or bear put spreads during high IV scenarios.
📉 On breakdown or breakout days, trade with the trend using limited-risk directional strategies.
💰 Never risk more than 1.5–2% of capital per trade — capital preservation is key for consistency.
📌 SUMMARY & CONCLUSION:
Gap-Up above 22,995: Profit booking zone. Wait for reversal signs or breakout to 23,185.
Flat Opening: Best setups possible — breakout above 22,995 or breakdown below 22,880.
Gap-Down below 22,812: Watch 22,800–22,632 support zones for potential reversal or breakdown.
🎯 Let price lead the way — react, don’t predict. Enter only on confirmation. Stay disciplined and respect the market structure.
📢 Disclaimer: I am not a SEBI-registered analyst . This trading plan is purely for educational purposes. Please consult with your financial advisor before taking any position.