BANKNIFTY : Trading levels and plan for 16-July-2025

📊 BANK NIFTY INTRADAY TRADING PLAN – 16-Jul-2025
Based on 15-Min Chart Observation | 200+ Point Gap Considered Significant

📍 IMPORTANT LEVELS TO WATCH

• []🟥 Resistance Zone: 57,404 – 57,511
  []⚫️ Opening Resistance / Support: 57,164
  []🟧 Opening Support Zone: 56,932 – 56,974
  []🟩 Last Intraday Support: 56,711
  
• 🟩 Buyer’s Support Zone: 56,337 – 56,466
  

🚀 SCENARIO 1: GAP-UP OPENING (Above 57,164) 📈

1. []If BANK NIFTY opens above 57,164 with a gap of 200+ points, expect a continuation toward the Resistance Zone 57,404 – 57,511.
   []Aggressive buying should only be considered after a 15-min candle close above 57,164 to confirm strength.
   []If prices enter the Resistance Zone, avoid fresh longs and look for profit booking opportunities.
   []Options Tip: Focus on ATM or ITM Call Options. Avoid far OTM options on gap-up days to minimize theta loss.
   

📊 SCENARIO 2: FLAT OPENING (Between 56,932 – 57,164) 🔄

1. []This range is marked as a mixed zone: Opening Resistance / Support Zone. Price behavior here will set the day’s tone.
   []If BANK NIFTY sustains above 57,164, move towards the bullish setup targeting the upper Resistance Zone.
   []If BANK NIFTY breaks below 56,932, expect a decline toward Last Intraday Support 56,711.
   []Options Tip: Consider Straddle or Strangle setups for premium decay if prices stay sideways between 56,932 – 57,164. Exit quickly if volatility spikes.
   

📉 SCENARIO 3: GAP-DOWN OPENING (Below 56,711) ⚠️

1. []A gap-down below 56,711 signals bearish momentum. Initial downside target would be the Buyer’s Support Zone: 56,337 – 56,466.
   []Wait for the first 15-minute candle close below 56,711 before shorting to confirm strength.
   []If prices bounce from Buyer’s Support Zone, observe for reversal signals and manage trailing stop-loss.
   []Options Tip: Favor ATM or ITM Put Options. On gap-downs, avoid naked far OTM positions—use Bear Put Spreads for balanced risk-reward.
   

💡 RISK MANAGEMENT TIPS FOR OPTIONS TRADERS

• []📏 Risk only 1–2% of your trading capital per trade.
  []⏳ Avoid impulsive entries in the first 15–30 minutes of market opening.
  []⚖️ Always mark your Stop-Loss based on candle close, not just price spikes.
  []📈 Choose ATM or ITM options—they offer better Delta and lesser time decay.
  
• 💼 Reduce position size when markets open with large gaps to avoid slippage risks.
  

📌 SUMMARY & CONCLUSION

• []Bullish Scenario: Above 57,164 → Target 57,404 – 57,511
  []Range-Bound Scenario: Between 56,932 – 57,164 → Watch closely for breakouts
  []Bearish Scenario: Below 56,711 → Target 56,337 – 56,466
  []Stay disciplined and patient. Let the market come to your planned levels instead of chasing moves.
  

⚠️ DISCLAIMER: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your own research or consult a certified financial advisor before making trading decisions.