BANKNIFTY : Trading levels and plan for 02-Jul-2025

\📊 BANKNIFTY TRADING PLAN – 2-Jul-2025\
📍 \Previous Close:\ 57,443
📏 \Gap Opening Consideration:\ ±200 points
🧭 \Key Zones to Watch:\
🔸 \No Trade Zone:\ 57,382 – 57,514
🔺 \Last Intraday Resistance:\ 57,741
🔻 \Last Intraday Support:\ 57,230
🟦 \Buyer’s Support for Reversal:\ 57,033 – 57,080
🟥 \Sharp Resistance for Profit Booking:\ 57,930

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1. 
   
   \[\*]\🚀 GAP-UP OPENING (Above 57,741):\
   A gap-up above \57,741\ breaks the intraday resistance and enters a zone where further upside is likely if momentum sustains. However, the \profit-booking zone near 57,930\ may act as a supply zone.
   
   ✅ \Plan of Action:\
   • If price sustains above 57,741 with volume, initiate long trades targeting 57,930
   • Watch for signs of exhaustion near 57,930 — trailing stop-loss or partial booking is advised
   • Avoid fresh shorts unless reversal candles appear near 57,930
   
   🎯 \Trade Setup:\
   – \Buy above:\ 57,741 with SL below 57,690, Target: 57,930
   – \Sell only if reversal spotted at 57,930 with SL above 57,960
   
   📘 \Tip:\ Use trailing stop-loss once in green zone to protect profits.
   
          
   
   \[\*]\⚖️ FLAT OPENING (Between 57,382 – 57,514):\
   Flat opening near the \No Trade Zone\ suggests indecisiveness. Let the price move outside this range before taking directional trades.
   
   ✅ \Plan of Action:\
   • Avoid trading inside 57,382–57,514; fakeouts are likely
   • Wait for a breakout above 57,514 to go long or breakdown below 57,382 to go short
   • Keep trades light in early session unless trend is clear
   
   🎯 \Trade Setup:\
   – \Buy above 57,514], SL: 57,440, Target: 57,741
   – \Sell below 57,382], SL: 57,440, Target: 57,230
   
   📘 \Tip:\ Flat opens often trap early option buyers. Wait for clean structure before entering.
   
          
   
   \[\*]\📉 GAP-DOWN OPENING (Below 57,230):\
   A gap-down below \57,230\ brings the price into critical buyer’s support zone between \57,033–57,080\. Expect sharp reversals or further downside based on price action.
   
   ✅ \Plan of Action:\
   • Observe price behavior in 57,033–57,080 zone
   • Reversal here offers good R\:R long setups
   • Breakdown of this zone may trigger fast decline
   
   🎯 \Trade Setup:\
   – \Buy near 57,050], SL: 57,000, Target: 57,230 / 57,382
   – \Sell below 57,030], SL: 57,080, Target: 56,880
   
   📘 \Tip:\ Don’t preempt reversals. Wait for candle confirmation or bullish engulfing near support.
   
          
   
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   \📌 SUMMARY & TRADE LEVELS:\
   ✅ \Bullish Above:\ 57,514 → 57,741 → 57,930
   🔽 \Bearish Below:\ 57,382 → 57,230 → 57,033
   🟧 \No Trade Zone:\ 57,382–57,514 (stay cautious inside this range)
   
   📍 \Major Action Zones:\
   – 🔺 \Resistance:\ 57,741 & 57,930
   – 🔻 \Supports:\ 57,230 & 57,033–57,080
   
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   \💡 OPTIONS TRADING RISK MANAGEMENT:\
   🛡️ \Do's:\
   • Use hedged strategies like Bull Call Spreads in high IV
   • Position sizing should be <2% of capital per trade
   • Wait for momentum candles to enter directional trades
   
   🚫 \Don'ts:\
   • Avoid naked option selling in volatile zones
   • Never average losers
   • Don’t rush entry at opening candle
   
   📘 \Bonus Tip:\ On flat openings, try neutral strategies like Iron Condors if volatility expected to drop.
   
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   \⚠️ DISCLAIMER:\
   I am not a SEBI-registered analyst. The above content is purely for educational and illustrative purposes. Always consult your financial advisor before taking any trade. Trade at your own risk and always use stop-loss to protect your capital.