NIFTY : Trading levels and Plan for 18-Feb-2025
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:
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.
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)
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.
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:
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.
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 🛡️
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! 🚀