NIFTY : Intraday Trading levels and Plan for 13-Mar-2025

📘 NIFTY Trading Plan for 13-Mar-2025
Chart Reference: Nifty is currently trading near 22,468, with price showing rejection from near-term resistance. Multiple levels such as 22,435, 22,496, and 22,600 are key zones to watch.

Let’s break down the trading approach into opening scenarios 👇

✅ 1. GAP-UP OPENING (100+ points above previous close)
If NIFTY opens near or above the Opening Resistance Zone – 22,600 to 22,626:

📍 This zone has acted as a supply area earlier, and a gap-up into this area could trap late buyers if not sustained.

🟧 Scenario 1 – Rejection at Resistance:
🔻 If NIFTY opens within this resistance zone and shows early weakness (such as a bearish engulfing, evening star, or rejection wick), short trades can be considered.
🎯 Targets:
➤ 22,496 (Initial Support)
➤ 22,435 (Next Support)

🟩 Scenario 2 – Breakout Above 22,626:
✅ A strong 15-min bullish candle above 22,626 with volume confirmation can trigger a long entry.
🎯 Targets:
➤ 22,680
➤ 22,800 (Last Intraday Resistance)

🧠 Tip: In gap-up opens, avoid immediate entries. Wait 15–30 mins for the market to establish direction. If upside sustains with strength, trail using VWAP or 5-min EMA.

⚖️ 2. FLAT OPENING (within ±100 points)
If NIFTY opens between 22,435 – 22,496:

This region is the Opening Support/Resistance Zone, meaning both bulls and bears will be active here. The key is to observe who dominates.

🟩 Long Setup:
If NIFTY holds above 22,496 and gives a breakout above 22,600, it will confirm bullish strength.
🎯 Upside Targets:
➤ 22,680
➤ 22,800

🟥 Short Setup:
If price fails to hold above 22,435 and breaks below it with momentum:
🎯 Downside Targets:
➤ 22,319 (Opening Support)
➤ 22,208 (Last Intraday Support)

🧠 Tip: Use option strategies like straddles or strangles near this flat zone if expecting a breakout or expansion in volatility. Avoid naked directional trades unless there is strong confirmation.

🔻 3. GAP-DOWN OPENING (100+ points below previous close)
If NIFTY opens near or below 22,319 (Opening Support):

📍 The area between 22,319 – 22,208 is critical for support. Watch closely for price action.

🟩 Reversal Setup:
If NIFTY opens near 22,208–22,319 and holds this support with signs of strength (bullish pin bar, morning star, or strong bullish volume), a reversal trade can be taken.
🎯 Targets:
➤ 22,435
➤ 22,496

🟥 Breakdown Setup:
If support at 22,208 breaks with a large red candle and follow-through, short trades can be initiated.
🎯 Targets:
➤ 22,140–22,100 Zone (Intraday Expansion Move)

🧠 Tip: Gap-downs can lead to high implied volatility. Be cautious of IV crush if reversal happens. Consider bear put spreads to manage premium risk.

💡 Risk Management Tips for Options Traders

1. [] Avoid buying deep OTM options post 12 PM unless there is strong trend confirmation. [] Always trade with a defined stop-loss. Use 15-min closing basis for better validation. [] Consider spreads (bull call, bear put) to reduce the impact of theta decay. [] On volatile days, reduce position size and hedge your trades.
2. Don’t trade immediately after a gap — let the first 15–30 mins settle to avoid traps.

📌 Summary & Conclusion
✅ Key Resistance Zones:
➤ 22,600–22,626 (Opening Resistance)
➤ 22,800 (Last Intraday Resistance)

✅ Key Support Zones:
➤ 22,435 (Pivot Zone)
➤ 22,319 (Opening Support)
➤ 22,208 (Last Support Zone)

🎯 Let price action guide your trade around these key levels. Remember — reacting to the market is better than predicting it.

⚠️ Disclaimer
I am not a SEBI registered analyst. This trading plan is shared purely for educational purposes. Please do your own research or consult your financial advisor before making any investment or trading decisions.