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.
