NIFTY : Intraday Trading levels and plan for 08-Apr-2025

📊 NIFTY TRADING PLAN – 08-Apr-2025
Chart Timeframe: 15-Minute
Previous Close: 22,238.00

🔍 Key Zones to Watch:
🔴 Last Intraday Resistance: 22,573 – 22,616
🟠 Opening Resistance Zone: 22,369
🟧 Lower Opening Resistance: 22,020
🟩 No Trade Zone: 21,890 – 22,020
🟢 Opening Support Zone: 21,891
🟢 Last Support Zone: 21,613

🔼 Scenario 1: Gap-Up Opening (Above 100+ points, i.e., opens above 22,339)
If Nifty opens above 22,339, we are above the immediate Opening Resistance and nearing the Intraday Resistance Zone of 22,573 – 22,616.

📌 Plan of Action:

1. [] Wait for the first 15–30 minutes. If the index retests 22,369 and forms a bullish reversal (hammer, bullish engulfing), one can consider going long for targets 22,500 → 22,573 → 22,616.
   [] If price directly opens around 22,550+, avoid chasing highs. It may trap long positions. Look for signs of exhaustion near 22,573 – 22,616.
   [] A breakdown below 22,369 with a 15-min candle close can shift bias to negative — expect a move down to 22,200 → 22,020.
   [] Do not enter trades immediately at open. Let price develop structure, preferably a retest of breakout level.
   

💡 Educational Tip: A gap-up near resistance often faces selling pressure. Trade only on confirmation, not assumptions.

⚖️ Scenario 2: Flat Opening (Within 22,138 – 22,339)
A flat open around the previous close 22,238 brings price inside a reaction zone between 22,020 – 22,369.

📌 Plan of Action:

1. [] If Nifty sustains above 22,369 with strong price action, go long for 22,500 – 22,573 – 22,616.
   [] If price faces resistance at 22,369 and reverses, short opportunities open with targets at 22,138 → 22,020 → 21,891.
   [] Avoid initiating trades inside the No Trade Zone: 21,890 – 22,020, as it could lead to choppy price action and stop hunts.
   [] Best strategy is to wait for breakout/breakdown of range and follow the move with a tight SL.
   

💡 Educational Tip: Sideways zones are often used by big players to trap retail traders. Focus on breakout trades with confirmation.

🔽 Scenario 3: Gap-Down Opening (Below 100+ points, i.e., opens below 22,138)
If Nifty opens below 22,138, it will likely test the lower boundary of the No Trade Zone or even the Opening Support Zone at 21,891.

📌 Plan of Action:

1. [] Look for buying opportunities only if price finds support around 21,891 – 21,613 with bullish reversal candles (e.g., morning star, double bottom).
   [] If price breaks below 21,891 and sustains, it could fall toward 21,613 — go short on retests or lower high formations.
   [] If reversal is confirmed from support zone, expect a bounce toward 22,020 – 22,138.
   [] Avoid trading the first candle unless setup is clear. Let price form a base before going long.
   

💡 Educational Tip: Strong support zones are best used for reversal setups, but only with confirmation and tight stop-loss.

🛡️ Options Trading Risk Management Tips
✅ Avoid Buying Far OTM Options blindly: Theta decay will eat premium fast if price consolidates.

✅ Use Spreads like Bull Call/Bear Put for safer entries: Lower cost and defined risk.

✅ Stick to Defined SL (15-min candle based): Helps avoid whipsaw exits and emotional decisions.

✅ Don’t Overtrade Inside the No Trade Zone: Wait for breakout or breakdown before initiating trades.

✅ Position Sizing is Key: Never risk more than 2% of capital on a single trade.

✅ Watch Option IV Before Entry: High IV → premiums inflated. Sell strategies work better in those conditions.

📌 Summary & Conclusion
Bullish Above: 22,369 → 22,500 → 22,573 → 22,616
Bearish Below: 22,020 → 21,891 → 21,613
No Trade Zone: 21,890 – 22,020
🧠 Best Setups: Reversal near strong support/resistance or breakout retest entries.
⏱️ First 15–30 mins are for observation: Let the market show its hand.
🧘 Discipline > Direction: Stick to process and your setup. Not every candle needs a trade.

⚠️ Disclaimer
I am not a SEBI-registered analyst. The above analysis is shared purely for educational and informational purposes. Please do your own research or consult a financial advisor before trading or investing. Trade responsibly with proper risk management.