NIFTY : Intraday Trading Levels and Plan for 18-Mar-2025📅 NIFTY INTRADAY TRADING PLAN – 18th March 2025 (Tuesday)
🕒 Timeframe: 15 Min | 📍Reference Closing: 22,515
📉 CHART STRUCTURE EXPLAINED:
Nifty closed near the middle of the Opening Resistance / Support Zone (22,508–22,547). There are clearly defined areas of support and resistance on both sides that help frame our intraday plan. Price action around these zones will provide direction for high-probability trades.
🟩 GAP-UP OPENING (100+ points): Above 22,617
If Nifty opens above the Last Intraday Resistance (22,617), it enters a potential breakout zone.
Avoid entering trades immediately after a GAP-UP above 22,617. Let the index retest this level for confirmation. If the price sustains above 22,617 for 15 minutes with higher volume, expect a continuation rally towards the Profit Booking Zone (22,727–22,801). Wait for a dip near 22,617 or even the upper band of 22,547. If the retest holds, go long with SL below 22,547. Profit booking is advised near 22,727–22,801 as this zone is likely to attract selling. Avoid fresh longs near 22,800 unless there’s a consolidation breakout.
🧠 Educational Note: Chasing GAP-UPs leads to poor entries. The best trades happen when price retests a broken resistance and confirms support.
🟨 FLAT OPENING (Within 22,508–22,547 Zone)
This is the Opening Resistance / Support Zone — a tricky area that demands patience.
Avoid trading in the first 15–30 minutes if price opens inside the 22,508–22,547 zone. It’s a chop zone, prone to false breakouts. A breakout above 22,547 with volume gives a long opportunity towards 22,617, and eventually 22,727. A breakdown below 22,508 brings the price into the Opening Support Zone (22,403–22,420). Watch for reversal signs here for possible bounce trades. Only consider directional trades once Nifty decisively exits this range.
🧠 Tip: In tight ranges, option premiums decay faster. Avoid entering trades without confirmation.
🟥 GAP-DOWN OPENING (100+ points): Below 22,403
If Nifty opens below the Opening Support Zone, volatility increases and levels become more critical.
Support is visible at the Buyers' Zone (22,210–22,247). If the index opens around this zone, wait for a reversal pattern like bullish engulfing or double bottom on 15-min chart. If 22,210 holds with a strong bounce, a long can be initiated targeting 22,403–22,508 with SL below 22,210. However, if 22,210 breaks with conviction, bears may drag the index to 21,950–22,000 levels. Avoid shorts immediately at open—wait for either breakdown retest or confirmation below 22,210.
🧠 Insight: Panic gap-downs often trigger short-covering rallies. Watch how price behaves in the first hour.
📘 RISK MANAGEMENT TIPS FOR OPTION TRADERS:
🛡️ Risk management is your ultimate edge in the market. Follow these key principles:
Never trade options without a stop loss. Monitor levels, not just premium prices. Avoid selling far OTM options when market structure is trending. It’s a trap during sharp moves. If market is inside range, go with spreads instead of naked options to reduce Theta burn. Size your positions wisely—don’t risk more than 1–2% of total capital on a single trade. Always book partial profits at target zones and trail the rest with a stop.
🧠 Options are like ice—they melt fast in choppy markets. Patience and timing are key!
📌 SUMMARY & CONCLUSION:
✅ Resistance Levels: 22,617 / 22,727 / 22,801
✅ Support Levels: 22,403 / 22,210
✅ Critical Zones:
⚠️ 22,508–22,547 (Opening Decision Zone)
✅ 22,403–22,420 (Support)
🛑 22,727–22,801 (Profit Booking Zone)
👉 Wait for confirmation before entering. Let market structure guide your direction, not emotions.
❗ Disclaimer: I am not a SEBI registered analyst. This plan is shared purely for educational purposes. Please consult with your financial advisor before making any trading decisions.
