We will analyze potential trade setups for NIFTY based on three different opening scenarios: Gap-Up, Flat, and Gap-Down. The plan is designed to help traders navigate the market effectively while managing risk.
📍 Scenario 1: Gap-Up Opening (100+ Points)
If NIFTY opens with a gap-up above 22930, we need to carefully assess the price action at key resistance zones.
âś… Plan of Action:
📍 Scenario 1: Gap-Up Opening (100+ Points)
If NIFTY opens with a gap-up above 22930, we need to carefully assess the price action at key resistance zones.
âś… Plan of Action:
- [] If the index sustains above 22950, it may move towards the 23039-23065 resistance zone.
[] A strong breakout above 23065 can push NIFTY towards 23178. However, watch for rejection signs near resistance. - If price struggles at 23039-23065, it may provide a short opportunity with a downside target of 22895-22949.
🛑 Invalidation: If NIFTY breaks and sustains above 23065, bearish trades should be avoided.
🎯 Bullish Target: 23178
đź”» Bearish Target: 22895
📍 Scenario 2: Flat Opening
A flat opening near 22,923 requires patience as price discovery takes place.
✅ Plan of Action:- [] If price remains between 22,895 - 22,949, it's a No-Trade Zone 📌 – avoid choppy action.
[] A breakout above 22,950 can push the index towards the 23039-23065 resistance area.
[] A breakdown below 22,895 may lead to a test of the 22,755-22,779 support zone.
[] If NIFTY takes support at 22,755, it may provide a buying opportunity.
🚨 No Trading in Choppy Zone: Avoid entering positions unless there is a clear breakout or breakdown.
🎯 Bullish Target: 23039
đź”» Bearish Target: 22,755
📍 Scenario 3: Gap-Down Opening (100+ Points)
If NIFTY opens below 22,850, it suggests weakness and a test of key support zones.
âś… Plan of Action:- [] If price holds 22,755-22,779, a bounce-back move can be expected.
[] A strong breakdown below 22,755 can drag NIFTY towards the 22,648-22,672 weak buyer’s support. - If the market finds demand at 22,648, it could lead to an intraday reversal opportunity.
📢 Watch out for panic selling near support zones – look for reversal signs before going long.
🎯 Bullish Target: 22,923
đź”» Bearish Target: 22,648
🎯 Risk Management & Pro Tips for Options Traders
📌 Avoid buying options immediately after market opens – wait for direction confirmation.
📌 Use stop-loss wisely – protect capital in volatile conditions.
📌 Time decay matters! If trading options, avoid holding losing positions for too long.
📌 Watch for wicks & rejection candles near key levels to time your entries better.
📌 Summary & Conclusion
âś… Key Resistance Levels: 23039-23065, 23178
âś… Key Support Levels: 22,755-22,779, 22,648-22,672
âś… No Trade Zone: 22,895 - 22,949
🚀 Bullish above: 22,950
📉 Bearish below: 22,755
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk! 💡
- [] If price holds 22,755-22,779, a bounce-back move can be expected.
- [] If price remains between 22,895 - 22,949, it's a No-Trade Zone 📌 – avoid choppy action.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.