๐ NIFTY 50 โ TRADING PLAN for 02-Jun-2025
๐ Timeframe: 15-minute Chart Structure
๐ Gap Opening Threshold: 100+ points from previous close of 24,736.65
๐ Timeframe: 15-minute Chart Structure
๐ Gap Opening Threshold: 100+ points from previous close of 24,736.65
- ๐ผ GAP-UP OPENING (Above 24,875):
If Nifty opens with a gap-up above the upper end of the No Trade Zone (24,722 โ 24,788), it indicates early strength and a potential breakout. However, it will face immediate resistance near the psychological mark of 24,975, which is the Last Intraday Resistance.
โ Plan of Action:
โข If the first 15โ30 minutes show strength above 24,875 with bullish candles and follow-through volume, look to enter long above 24,900โ24,975.
โข Targets:
โโ First: 24,975
โโ Extended: 25,278 โ 25,338 (Profit Booking Zone)
โข Stop-loss: Below 15-min support candle or under 24,788 for confirmation-based trades.
โข Avoid entering long trades directly near 24,975 unless a pullback-retest happens and sustains above.
๐ง Educational Tip: Donโt chase gap-ups blindly. Wait for confirmation like bullish engulfing or retest near breakout zone before taking the trade.
โโโ - โ๏ธ FLAT OPENING (Between 24,722 โ 24,788):
This is the No Trade Zone, meaning price is in indecision and trapped between key levels. Market may consolidate or build a base before directional movement.
โ Plan of Action:
โข Avoid trading the first 15โ30 minutes. Let the price break out of this zone decisively.
โข Break Above 24,788: Go long with SL below 24,722, targets: 24,975 / 25,278
โข Break Below 24,722: Go short with SL above 24,788, targets: 24,593 / 24,474
โข Watch for fakeouts โ ensure breakout is supported by strong candle close and not just a wick.
๐ง Educational Tip: No Trade Zones are created for a reason โ they usually trap impatient traders. Let the market choose direction and join the trend.
โโโ - ๐ฝ GAP-DOWN OPENING (Below 24,593):
A gap-down below Opening Support (24,593) suggests early weakness. Nifty may try to test deeper support levels near 24,474 โ 24,451 (Last Intraday Support) and further toward 24,294 โ 24,382 (Important Buyerโs Support).
โ Plan of Action:
โข Watch the 24,474 โ 24,451 zone for signs of reversal. If a bullish reversal candle forms, a long entry can be attempted targeting:
โโ 24,593
โโ Extended: 24,722
โข If 24,451 breaks decisively, expect momentum to carry prices toward 24,294 โ 24,382.
โข Short Trades: Can be taken only if price rejects bounce zones with bearish structure (e.g., bearish engulfing or retest failure).
๐ง Educational Tip: Donโt buy into weakness without confirmation. Bearish momentum tends to accelerate if support zones break early in the day.
โโโ
๐ก RISK MANAGEMENT TIPS FOR OPTIONS TRADERS:
โ 1. Avoid buying far OTM options after a gap opening โ stick to ATM or near ATM strikes for better delta.
โ 2. Use spreads (Bull Call/Bear Put) when expecting directional move with defined risk.
โ 3. Never trade without a stop-loss; even best setups fail in volatile markets.
โ 4. Wait for the 15โ30 minute structure to develop before taking directional trades.
โ 5. Donโt average losers โ instead, analyze the trade thesis and exit quickly if invalidated.
๐ SUMMARY & CONCLUSION:
โข ๐ข Bullish Above: 24,788, Targets: 24,975 / 25,278 โ 25,338
โข ๐ด Bearish Below: 24,722, Targets: 24,593 / 24,451 / 24,294
โข ๐ง No Trade Zone: 24,722 โ 24,788 โ Avoid initial trades, wait for breakout
โข ๐ฉ Support Levels: 24,593 / 24,474 / 24,294
โข ๐ฅ Resistance Levels: 24,975 / 25,278 / 25,338
โข ๐ Key Rule: Let the structure confirm the bias โ don't trade on emotions or pre-conceived notions.
โจ Final Note: Trade with discipline. Best trades donโt come every day โ but risk-managed ones preserve your capital always.
๐ข DISCLAIMER: I am not a SEBI-registered analyst. The trading plan shared above is strictly for educational purposes. Please consult with a SEBI-registered financial advisor before making any trading or investment decisions.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.