BANKNIFTY : Intraday Trading levels and Plan for 17-July-2025

📊 BANK NIFTY INTRADAY TRADING PLAN – 17-Jul-2025
200+ Points Gap Opening Considered Significant | Structured by Psychological Zones

📍 KEY ZONES AND LEVELS TO MONITOR:

• []🟥 Opening Resistance Zone: 57,395 – 57,513
  []🔴 Profit Booking Resistance: 57,881
  []🟧 NO TRADE ZONE: 56,934 – 57,104
  []🟦 Opening Support: 56,934
  []🟩 Last Intraday Support: 56,740
  []🟩 Buyer’s Support Zone: 56,160 – 56,265
  

🚀 SCENARIO 1: GAP-UP OPENING (Above 57,395) 📈

1. []If BANK NIFTY opens above 57,395 with 200+ points gap-up, the market enters the Opening Resistance Zone (57,395 – 57,513).
   []Buyers should be cautious within this zone, focusing only on quick momentum scalps until a 15-minute candle closes above 57,513.
   []If 57,513 breaks and sustains, the next target would be 57,881 (Profit Booking Resistance).
   []Options Tip: Deploy ATM Call Options with small quantity initially, increase exposure only on candle confirmation. Avoid far OTM calls in strong gap-ups.
   

📊 SCENARIO 2: FLAT OPENING (Between 56,934 – 57,104) ⚖️

1. []This zone is marked as NO TRADE ZONE on the chart. Prices may behave indecisively here, so patience is key.
   []If BANK NIFTY sustains above 57,104 after opening flat, expect upside continuation toward the Opening Resistance Zone.
   []If BANK NIFTY breaks below 56,934, look for weakness targeting Last Intraday Support 56,740.
   []Options Tip: Consider Iron Condor or Strangle Writing setups within this NO TRADE ZONE if volatility is high. Otherwise, wait for breakout confirmation.
   

📉 SCENARIO 3: GAP-DOWN OPENING (Below 56,740) ⚠️

1. []If BANK NIFTY opens below 56,740 with a significant gap, bearish momentum is confirmed.
   []The immediate downside target would be the Buyer’s Support Zone: 56,160 – 56,265.
   []Sell-on-rise strategy can be considered after the first 15-minute candle closes below 56,740.
   []Options Tip: Prefer ATM or ITM Put Options or build Bear Put Spreads for controlled risk-reward. Avoid naked shorts in case of sudden reversal.
   

💡 RISK MANAGEMENT TIPS FOR OPTIONS TRADERS

• []📏 Risk only 1–2% of capital per trade.
  []⏳ Avoid aggressive entries in the first 15–30 minutes; let price settle.
  []🔐 Use Hourly Candle Close for major decision stops, not just wick-based SL.
  []⚖️ Consider Hedged Strategies (like spreads) during volatile conditions.
  
• 📅 Avoid trading just before major news events or expiry if possible.
  

📌 SUMMARY & CONCLUSION

• []Bullish Scenario: Gap-up above 57,395 → Target 57,881
  []Neutral Scenario: Flat between 56,934 – 57,104 → Wait for breakout confirmation
  []Bearish Scenario: Gap-down below 56,740 → Target 56,160 – 56,265
  []Trade cautiously around marked zones and follow structured rules. Consistency over prediction!
  

⚠️ DISCLAIMER: I am not a SEBI-registered analyst. This plan is shared for educational and informational purposes only. Please consult your financial advisor before making any investment decisions.