BANKNIFTY - Trading levels and Plan for 18-Jul-2025

📊 BANK NIFTY INTRADAY TRADING PLAN – 18-Jul-2025
Gap Opening Reference: 200+ Points Considered Significant

📍 IMPORTANT LEVELS TO MONITOR

• []🟥 Last Intraday Resistance Zone: 57,400 – 57,447
  []🟧 Opening Resistance: 56,936
  []🟩 Opening Support Zone: 56,667 – 56,605
  []🟢 Last Intraday Support (Buyer’s Zone): 56,331 – 56,430
  

🚀 SCENARIO 1: GAP-UP OPENING (Above 57,136) 📈
(Gap opening considered above 200+ points from the previous close)

1. []If Bank Nifty opens above 57,136, strength is expected toward Last Intraday Resistance Zone: 57,400 – 57,447.
   []Avoid buying immediately after the opening candle; allow 15–30 minutes for price confirmation and volatility settlement.
   []If price sustains above 57,400, upside momentum may continue, but consider trailing your stop-loss as this is an exhaustion zone.
   []Options Tip: Consider ATM or slightly OTM Call Options or Bull Call Spread setups for controlled risk.
   

📊 SCENARIO 2: FLAT OPENING (Between 56,667 – 56,936) ⚖️

1. []This range marks the equilibrium between buyers and sellers, as defined by Opening Support Zone and Opening Resistance.
   []Observe the first 15–30 minute candle for clear direction.
   []If price sustains above 56,936, bias turns bullish toward 57,400 – 57,447.
   []If price breaks below 56,667, sellers may push Bank Nifty toward Buyer’s Zone: 56,331 – 56,430.
   
2. Options Tip: Employ Strangle or Iron Fly strategies around flat openings with tight ranges.
   

📉 SCENARIO 3: GAP-DOWN OPENING (Below 56,467) ⚠️

1. []If Bank Nifty opens below 56,467, downside momentum may accelerate toward Last Intraday Support: 56,331 – 56,430.
   []Avoid instant selling at open. Let first 15–30 minute candle give direction clarity.
   []If price sustains below 56,331, weakness could extend further.
   []Options Tip: Focus on ATM or ITM Put Options, or Bear Put Spreads for safer downside positioning.
   

💡 OPTIONS TRADING RISK MANAGEMENT TIPS

• []📏 Risk no more than 1–2% of your capital on any single trade.
  []⏳ Give at least 15–30 minutes after market open before initiating trades.
  []🔐 Use Hourly Close-based Stop Losses to avoid getting trapped by wicks.
  []⚖️ Prefer hedged strategies (Spreads, Iron Fly, Strangles) during high IV (Implied Volatility) phases.
  
• 🚫 Avoid revenge trading. Accept stop-loss gracefully; focus on next setup.
  

📌 SUMMARY & CONCLUSION

• []Bullish Bias: Gap-up above 57,136 → Focus on 57,400–57,447 zone.
  []Range-bound Bias: Flat between 56,667–56,936 → Watch for breakout confirmation.
  []Bearish Bias: Gap-down below 56,467 → Eye on 56,331–56,430 support zone.
  []Prioritize confirmation from 15–30 minute opening range before acting.
  
• Maintain strict risk management discipline using options tools like spreads.
  

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