NIFTY Trading Levels and Plan for 21-Mar-2025

📅 NIFTY Trading Plan – 21-Mar-2025
📍 Reference Price: 23,190 (Close on 20-Mar-2025)
📊 Chart Structure: Price is nearing exhaustion at highs, so we need to observe for either continuation or reversal from resistance zones.

📌 Opening Scenario 1: GAP-UP Opening (100+ Points)
🟢 Expected Open Zone: 23,270 – 23,330

👉 If Nifty opens with a strong gap-up above 23,270:

1. []Watch for price action near 23,345, marked as the last strong intraday resistance. []If you see rejection (like wick rejections or bearish engulfing on 5m/15m), consider initiating short positions with a stop loss above 23,370. []On clean breakout and sustained move above 23,345, target the Profit Booking Zone: 23,407–23,445+. []Be cautious chasing longs on a gap-up unless price consolidates and confirms breakout.

🎯 Key Tip: Don't short just because it's a gap-up. Let the candle give confirmation through rejection patterns.

📌 Opening Scenario 2: FLAT Opening
🟠 Expected Open Zone: 23,150 – 23,190

👉 In case of flat to mild gap open:

1. []Watch 23,185 as the immediate Opening Resistance / Support.
   []If price sustains above 23,185 with strength, you can look for a long entry targeting 23,345 and beyond.
   []However, if price struggles and fails to cross 23,185 with rejection patterns, short toward 23,068 and 22,994.
   []Breakdown below 23,068 may accelerate profit booking till the lower zone of 22,994–22,882.

🎯 Key Tip: The first 15–30 mins are crucial. Avoid rushing into trades. Use the breakout-retest model for safer entries.

📌 Opening Scenario 3: GAP-DOWN Opening (100+ Points)
🔻 Expected Open Zone: 23,050 – 22,950

👉 If Nifty opens with a significant gap-down:

1. []Observe price action near Opening Support Zone: 23,068 – 22,994.
   []If bulls defend this zone with strong reversal patterns (hammer, bullish engulfing), it could be a dip-buying opportunity. []Below 22,994, next major support lies at 22,882. Breakdown of this zone could trigger sharp fall. []Avoid shorting after a gap-down unless 22,882 breaks convincingly.

🎯 Key Tip: Never knife-catch a falling market. Let the base build before entering reversal trades.

🛡 Risk Management Tips for Options Traders 🧠

1. []Use defined risk trades: Prefer vertical spreads (bull call/bear put) instead of naked options. []Avoid buying OTM options post 11:00 AM unless momentum is strong. []Always risk less than 2% of your capital per trade. []Trail your stop loss once the trade moves in favor to protect capital.
2. Don't overtrade – quality setups > quantity.

✅ Summary & Conclusion:
📍 Nifty is trading near crucial resistance levels.
📍 23,345 remains the make-or-break zone for bulls.
📍 Support zones: 23,068 → 22,994 → 22,882
📍 React to price action at key zones rather than predicting it.
📍 Let the first 15–30 minutes settle before jumping into trades for optimal RR setups.

⚠️ Disclaimer:
I am not a SEBI-registered analyst. This trading plan is shared for educational purposes only. Please consult your financial advisor before taking any trades based on this plan. Risk wisely and trade with discipline. 🙏