BANKNIFTY : Trading Plan for 18-Feb-2025

🔹 Key Levels to Watch
Opening Resistance / Support Zone: 49,435 - 49,332
Last Intraday Resistance: 49,676 - 49,802
Opening Support Zone: 48,920 - 48,993
Last Intraday Support: 48,696
🟢 Scenario 1: Gap-Up Opening (200+ Points Above Previous Close)
If BANKNIFTY opens above 49,435, it enters a crucial resistance zone.

1. 
   
   A rejection from 49,676 - 49,802 may lead to a shorting opportunity with targets at 49,435 - 49,332.
   If price sustains above 49,802, expect a breakout move towards 49,997, with momentum building.
   Safe traders should wait for retests at support levels before entering trades.
   📌 Plan of Action:
   🔹 Look for bearish rejection signals at resistance for a short trade.
   🔹 If the price breaks out with volume, go long with a stop-loss below 49,676.
   
   ⚖ Scenario 2: Flat Opening (Within 100 Points of Previous Close)
   If BANKNIFTY opens around 49,279 - 49,228, we are in a neutral zone.
   
   
   1. 
      
      Holding above 49,332 could push price towards 49,676.
      A break below 49,228 could trigger selling towards 48,993.
      Avoid trades in choppy price action; wait for confirmation.
      📌 Plan of Action:
      🔹 Wait for price confirmation at 49,332 before taking positions.
      🔹 Trade only after a clear trend is established.
      
      🔴 Scenario 3: Gap-Down Opening (200+ Points Below Previous Close)
      If BANKNIFTY opens near or below 48,920, it enters a support zone.
      
      
      1. 
         
         Holding 48,920 - 48,696 can lead to a bounce back to 49,228 - 49,332.
         Breaking below 48,696 could see strong selling pressure towards lower levels.
         📌 Plan of Action:
         🔹 Look for bullish price action at support for long trades.
         🔹 If price sustains below 48,696, consider shorting with a stop-loss above the resistance zone.
         
         ⚠️ Risk Management Tips for Options Trading
         ✅ Position Sizing: Trade with small lot sizes in volatile conditions.
         ✅ Stop-Loss Discipline: Always set SL and stick to it!
         ✅ Avoid Overtrading: Enter only on confirmed setups.
         ✅ Time Decay Awareness: Avoid holding options overnight unless confident about direction.
         
         📌 Summary & Conclusion
         Bullish Bias above 49,435, targeting 49,676 - 49,997.
         Bearish Breakdown below 48,920, targeting 48,696 - 48,500.
         Flat Openings require confirmation before entering trades.
         
         🚨 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.