📊 Bank Nifty Trading Plan for 7-May-2025
Timeframe: 15-Min | Reference Closing: 54,183.85
📍 Key Levels to Watch:
🔴 Opening Resistance: 54,799
🔴 Last Intraday Resistance: 55,133
🟢 Opening Support Zone: 53,954 – 53,694
🟩 Last Intraday Support: 53,352
🔵 Reference Price Zone: 54,410 (Potential retest/rejection zone)
🟢 1. Gap-Up Opening (📈 200+ Points Above)
If Bank Nifty opens above 54,400–54,500, ideally around or above the Opening Resistance at 54,799:
✅ Plan of Action:
- Wait for the first 15–30 mins to let price settle.
- If price sustains above 54,799 on 15-min candle close, we may see a push towards 55,133 (last intraday resistance).
- Use a pullback entry strategy near 54,800 with a stop-loss just below 54,650 for a target of 55,100+.
- Avoid aggressive longs if opening is too close to 55,133 as the risk-reward becomes poor.
🚫 Caution:
- If price rejects 54,799 with selling wicks, it may pull back sharply towards 54,400 or even 54,183.85.
📝 Strategy Tip: Look for rejection candles (like inverted hammers) to confirm weakness at resistance.
🟡 2. Flat Opening (Within ±200 Points of Previous Close)
If Bank Nifty opens between 53,984 – 54,384:
✅ Plan of Action:
- Let the first 15–30 mins play out and observe how price reacts to 54,410 and 54,799 levels.
- If price sustains above 54,410, intraday bulls can push towards 54,799. A breakout above that opens room for 55,133.
- If 54,410 acts as resistance, short positions can be initiated with a stop-loss of 54,500 and target towards 54,000 → 53,954.
- Break below 53,954 could bring prices into the green support zone (53,954–53,694).
📝 Strategy Tip: During flat openings, range breakout strategy works well—mark the first 30-min high/low.
🔴 3. Gap-Down Opening (📉 200+ Points Below)
If Bank Nifty opens below 53,983, especially near or below 53,694:
✅ Plan of Action:
- Observe whether price takes support near 53,694–53,352 zone.
- If there's consolidation in this zone (watch for base formation or higher lows), reversal trades can be considered with small risk for a bounce towards 53,950+.
- Breakdown below 53,352 on strong red candles could extend the fall. Use trailing stops on shorts.
- Aggressive traders may go short on breakdown with SL above 53,500 for a 100–150 point move.
📝 Strategy Tip: Gap-downs often trap late shorts—look for price acceptance vs rejection in support zones before entering.
⚠️ Options Trading Risk Management Tips:
📌 Summary & Conclusion:
Bank Nifty is trading near a critical support area.
Price action around 53,954–53,694 will decide the trend if there's a gap-down.
A gap-up above 54,799 needs strength to target 55,133; otherwise, expect a pullback.
In flat openings, first 30-min range will act as intraday decision maker.
📚 Educational Takeaway: Plan your trades with levels but let the price action confirm your bias. React, don’t predict.
📢 Disclaimer:
I am not a SEBI-registered analyst. The above views are for educational purposes only. Please consult your financial advisor before making any trading or investment decisions.
Timeframe: 15-Min | Reference Closing: 54,183.85
📍 Key Levels to Watch:
🔴 Opening Resistance: 54,799
🔴 Last Intraday Resistance: 55,133
🟢 Opening Support Zone: 53,954 – 53,694
🟩 Last Intraday Support: 53,352
🔵 Reference Price Zone: 54,410 (Potential retest/rejection zone)
🟢 1. Gap-Up Opening (📈 200+ Points Above)
If Bank Nifty opens above 54,400–54,500, ideally around or above the Opening Resistance at 54,799:
✅ Plan of Action:
- Wait for the first 15–30 mins to let price settle.
- If price sustains above 54,799 on 15-min candle close, we may see a push towards 55,133 (last intraday resistance).
- Use a pullback entry strategy near 54,800 with a stop-loss just below 54,650 for a target of 55,100+.
- Avoid aggressive longs if opening is too close to 55,133 as the risk-reward becomes poor.
🚫 Caution:
- If price rejects 54,799 with selling wicks, it may pull back sharply towards 54,400 or even 54,183.85.
📝 Strategy Tip: Look for rejection candles (like inverted hammers) to confirm weakness at resistance.
🟡 2. Flat Opening (Within ±200 Points of Previous Close)
If Bank Nifty opens between 53,984 – 54,384:
✅ Plan of Action:
- Let the first 15–30 mins play out and observe how price reacts to 54,410 and 54,799 levels.
- If price sustains above 54,410, intraday bulls can push towards 54,799. A breakout above that opens room for 55,133.
- If 54,410 acts as resistance, short positions can be initiated with a stop-loss of 54,500 and target towards 54,000 → 53,954.
- Break below 53,954 could bring prices into the green support zone (53,954–53,694).
📝 Strategy Tip: During flat openings, range breakout strategy works well—mark the first 30-min high/low.
🔴 3. Gap-Down Opening (📉 200+ Points Below)
If Bank Nifty opens below 53,983, especially near or below 53,694:
✅ Plan of Action:
- Observe whether price takes support near 53,694–53,352 zone.
- If there's consolidation in this zone (watch for base formation or higher lows), reversal trades can be considered with small risk for a bounce towards 53,950+.
- Breakdown below 53,352 on strong red candles could extend the fall. Use trailing stops on shorts.
- Aggressive traders may go short on breakdown with SL above 53,500 for a 100–150 point move.
📝 Strategy Tip: Gap-downs often trap late shorts—look for price acceptance vs rejection in support zones before entering.
⚠️ Options Trading Risk Management Tips:
- [] 💡 Always define your maximum loss per trade—use 1–2% of your capital rule.
[] 🧯 Avoid over-leveraging in weekly expiries, especially on volatile days.
[] 🛑 Use hedged strategies like Spreads (Bull Call, Bear Put) to reduce premium decay and risk.
[] 📉 Don't chase deep OTM options post 12 PM unless there's strong directional confirmation. - 📊 Stick to your plan—discipline matters more than prediction in options trading.
📌 Summary & Conclusion:
Bank Nifty is trading near a critical support area.
Price action around 53,954–53,694 will decide the trend if there's a gap-down.
A gap-up above 54,799 needs strength to target 55,133; otherwise, expect a pullback.
In flat openings, first 30-min range will act as intraday decision maker.
📚 Educational Takeaway: Plan your trades with levels but let the price action confirm your bias. React, don’t predict.
📢 Disclaimer:
I am not a SEBI-registered analyst. The above views are for educational purposes only. Please consult your financial advisor before making any trading or investment decisions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.