BANKNIFTY : INTRADAY ACTION PLAN – 20-Mar-2025

🔔 BANKNIFTY INTRADAY ACTION PLAN – 20-Mar-2025
📊 Timeframe: 15 Min | 📅 Date: Thursday, 20-Mar-2025
📍 Reference Close: 49,727
📏 Gap Opening Reference: 200+ points

📈 1. GAP-UP Opening Scenario (Opening Above 49,900)
If BANKNIFTY opens above 49,900 (200+ pts gap-up), it will enter the red supply zone near Profit Booking / Consolidation Zone: 50,009 – 50,113.

  ✅ Action Plan:
  - Avoid aggressive longs directly at the open.
  - Wait and watch for signs of rejection or exhaustion near 50,009–50,113.
  - If price starts forming lower highs or a reversal pattern (like bearish engulfing or pin bar), consider short trades with a stop loss above 50,113.
  - Safe traders should wait for a break below 49,845 to confirm short momentum.

  💡 Insight: This zone has high probability of profit booking and trap formations for late buyers.

                    

📊 2. FLAT Opening Scenario (Within 49,600 – 49,800 range)
If BANKNIFTY opens flat, likely between Opening Resistance: 49,448 – 49,513 and 49,727:

  ✅ Action Plan:
  - This is the most strategic opening zone—allow the price to settle for first 15–30 mins.
  - A bullish breakout above 49,845 with volume can trigger a long entry towards 50,009+, but do not chase without confirmation.
  - If rejection occurs at 49,845, short trades with target towards 49,448–49,116 are possible.
  - Breakdown below 49,513 may trigger a gradual move towards 49,116 / 48,864.

  💡 Insight: This is a reactive zone. Follow market structure and avoid overtrading in chop.

                    

📉 3. GAP-DOWN Opening Scenario (Opening Below 49,500)
If BANKNIFTY opens with a gap-down of 200+ points, below 49,500:

  ✅ Action Plan:
  - Watch support zones at 49,116 (first support) and 48,864 (strong support).
  - If prices hold above 49,116 and show reversal candles, consider intraday long with tight SL below 48,864.
  - If price sustains below 48,864 with volume, expect further downside—do not try to bottom-fish blindly.

  💡 Insight: Gap-downs often trap weak hands. Let the structure develop before acting.

⚠️ OPTIONS TRADING – RISK MANAGEMENT TIPS:

1. [] Use defined stop losses based on 15/30 min candle close. Avoid emotional exits.
   [] Prefer in-the-money (ITM) options during trending moves for better delta and stability.
   [] Avoid buying options when IV is high—especially after big gap openings.
   [] Consider hedged strategies like bull/bear spreads to protect against volatility crush.
   
2. Keep risk per trade under 2% of capital to ensure survival over the long term.

📌 Summary & Conclusion:

1. [] Above 49,845: Watch for exhaustion → potential short near 50,009–50,113
   [] Flat Zone: Wait for either breakout (49,845) or breakdown (49,513) confirmation
   
2. Below 49,116: Last supports lie at 48,864 – key zone to avoid catching falling knives
   

🚀 Let the price show intent. React smartly. Avoid trading just because the market is open.

📢 Disclaimer: I am not a SEBI-registered analyst. This post is for educational purposes only. Please consult your financial advisor before taking any position.