Nifty Bank Index
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BANKNIFTY : Intraday Trading levels and plan for 07-Mar-2025

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๐Ÿ“Œ Key Levels to Watch:
๐Ÿ”ด Resistance Levels: 48,944 | 49,151-49,234
๐ŸŸข Support Levels: 48,524 | 48,217-48,257

๐Ÿ“ Market Context:
Bank Nifty has shown strength near 48,600, with key resistance at 48,944. A breakout beyond this can trigger further momentum toward 49,100+. On the downside, a breakdown below 48,524 can push prices lower toward 48,217.

๐Ÿ“ˆ Scenario 1: Gap-Up Opening (> 48,800) ๐Ÿš€

If Bank Nifty opens above 48,800, it indicates bullish momentum. A breakout above 48,944 will confirm further upside.

  1. Buy above 48,944 ๐Ÿ”ผ
    ๐ŸŽฏ Target: 49,151 โ€“ 49,234
    ๐Ÿ›‘ Stop Loss: 48,800
    ๐Ÿ“ Plan: A sustained move above 48,944 signals strength. Look for volume confirmation before entering. If momentum weakens near 49,151, consider partial profit booking.

  2. Rejection at 48,944 โŒ
    ๐Ÿ”ฝ Sell below 48,944
    ๐ŸŽฏ Target: 48,700 โ€“ 48,600
    ๐Ÿ›‘ Stop Loss: 49,000
    ๐Ÿ“ Plan: If price fails to sustain above 48,944 and forms a reversal pattern, a short opportunity arises with a risk-controlled approach.


๐Ÿ“‰ Scenario 2: Flat Opening (48,450 โ€“ 48,650) ๐Ÿ“Š

A flat opening within 48,450 โ€“ 48,650 suggests indecision. We wait for a breakout or breakdown.

  1. Buy above 48,650 ๐Ÿ”ผ
    ๐ŸŽฏ Target: 48,944
    ๐Ÿ›‘ Stop Loss: 48,500
    ๐Ÿ“ Plan: If price holds above 48,650, it can retest 48,944. Watch for price action confirmation before entering.

  2. Sell below 48,524 ๐Ÿ”ฝ
    ๐ŸŽฏ Target: 48,300 โ€“ 48,217
    ๐Ÿ›‘ Stop Loss: 48,600
    ๐Ÿ“ Plan: If price rejects 48,600-48,524, a downside move towards 48,217 is possible. Volume confirmation is key for safe entry.


๐Ÿ“‰ Scenario 3: Gap-Down Opening (< 48,400) โš ๏ธ

A gap-down below 48,400 indicates weakness. Immediate support is at 48,217 โ€“ 48,257.

  1. Buy near 48,217 โ€“ 48,257 ๐ŸŸข
    ๐ŸŽฏ Target: 48,524
    ๐Ÿ›‘ Stop Loss: 48,150
    ๐Ÿ“ Plan: If price stabilizes at 48,217-48,257, it could bounce back towards 48,524. Ideal for risk-managed long positions.

  2. Sell below 48,217 ๐Ÿ”ฝ
    ๐ŸŽฏ Target: 48,012 โ€“ 47,900
    ๐Ÿ›‘ Stop Loss: 48,300
    ๐Ÿ“ Plan: If selling pressure increases, a breakdown below 48,217 could lead to further downside. Avoid panic selling; wait for confirmation.


๐Ÿ’ก Risk Management Tips for Options Traders ๐ŸŽฏ

โœ… Time Decay Awareness: Avoid buying options too late in the session to minimize theta decay.
โœ… Stop-Loss Discipline: Always set SL based on chart structure, not emotions.
โœ… Position Sizing: Donโ€™t risk more than 2% of your capital per trade.
โœ… Avoid Overtrading: Stick to high-probability setups.

๐Ÿ“Œ Summary & Conclusion ๐Ÿ“Œ

๐Ÿ”น Bullish above 48,944 for 49,151-49,234.
๐Ÿ”น Bearish below 48,217 for 48,012-47,900.
๐Ÿ”น Flat open needs confirmation for direction.
๐Ÿ”น Key levels to watch: 48,524 support | 48,944 resistance.

๐Ÿ“ข Stay disciplined, trade with a plan, and manage risk wisely!

โš ๏ธ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Do your own research or consult a financial advisor before trading. ๐Ÿ“Š๐Ÿ“‰๐Ÿ“ˆ

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