BANKNIFTY : Trading levels and plan for 07-July-2025

📘 BANKNIFTY TRADING PLAN – 07-Jul-2025
🕒 Timeframe: 15-Minute | 📈 Structure: Support & Resistance Reaction Zones | ⚙️ Logic: Price Action-Based Intraday Decisioning

📍 Key Levels to Watch:
🔸 Opening Resistance / Support Zone: 57,086
🔸 Last Intraday Resistance Zone: 57,348 – 57,405
🔸 Profit Booking Zone: 57,732 – 57,880
🔹 Opening & Intraday Support Zone: 56,740
🔹 Minor Support Before Breakdown: 56,899

🟩 1. GAP-UP Opening (200+ points above 57,086)
   If Bank Nifty opens near or above 57,300–57,400, it will be entering the Last Intraday Resistance Zone. Wait for price to sustain above 57,405 on 15-min candle close to confirm bullish strength.

1. [] 📈 Action: Buy on breakout above 57,405, targeting 57,732 – 57,880 zone. Partial profit can be booked at 57,732.
   [] 🛑 Stop Loss: Keep SL just below 57,348 zone or use 15-min candle low.
   
2. ⚠️ Caution: Avoid fresh longs near 57,800, as this is a profit booking zone.
   

   If price fails to hold above 57,405 and shows rejection candles like doji/inverted hammers:

1. [] 📉 Action: Consider shorting with SL above 57,405, targeting 57,086.
   [] 🛑 SL: Above the rejection wick
   
2. 🎯 Target: Retest of breakout near 57,086
   

🟨 2. Flat Opening (between 56,899 – 57,086)
   This range is the neutral zone, where the index may consolidate or create a directional breakout.

1. [] 🕒 Wait for the first 15–30 mins to allow price action to unfold.
   [] 📈 If price breaks above 57,086 with volume, initiate long trade toward 57,348 – 57,405.
   [] 📉 If price rejects from 57,086 or breaks below 56,899, a short trade toward 56,740 becomes viable.
   [] 🛑 SLs: Use candle-close basis stops near breakout/breakdown levels.
   

🟥 3. GAP-DOWN Opening (200+ points below 56,740)
   A gap-down below 56,740 brings us directly near the last intraday support breakdown area.

1. [] 📉 Action: Sell on breakdown retest of 56,740, target 56,500 – 56,410 if downside continues.
   [] 🔄 Reversal Trade: If price sharply rebounds from 56,740 and crosses 56,899, consider reversal long trades with target 57,086.
   
2. 🛑 SL: For short – above breakdown candle; for reversal – below support low.
   

💡 Risk Management Tips for Options Traders:
✅ Trade near breakout/breakdown zones, avoid chasing after wide moves
✅ Avoid buying deep OTM options in time decay zones (post 1 PM)
✅ Keep risk fixed per trade – e.g., 1%–2% of capital
✅ Use spreads (like bull call spread or bear put spread) when volatility is high
✅ Exit when trade structure invalidates (even before SL hits)

📝 Summary & Conclusion:
🔹 Price is currently reacting around the opening supply zone of 57,086.
🔸 Bulls will need to sustain above 57,405 to push toward the 57,732 – 57,880 zone.
🔻 Bears will gain momentum below 56,740, targeting deeper correction.
🕒 Best trades usually form after 15–30 mins of price stability – avoid rushing entries.

⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your own research or consult a financial advisor before making any trading decisions.