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

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\📊 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.

Feragatname

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