BANKNIFTY : Intraday Trading Levels and Plan for 18-Mar-2025

📅 BANK NIFTY INTRADAY TRADING PLAN – 18th March 2025 (Tuesday)
📊 Chart Timeframe: 15 Min | Reference Closing: 48,347

🔍 Chart Structure Summary:
Bank Nifty closed near the higher band of the No Trade Zone (48,267–48,457). We have a clear structure forming, with important supply and demand levels on both sides. Watch closely how price behaves near Opening Resistance and Buyers’ Support Zones to frame directional trades.

🟥 GAP-UP OPENING (200+ points): Above 48,550+)

If Bank Nifty opens with a big GAP-UP above 48,550, we’ll likely open directly near or above the Last Intraday Resistance Zone (48,639–48,708).

1. []In this case, avoid aggressive buying at open. Wait for a pullback near 48,457–48,550, if supported, fresh longs can be considered.
   []Target zone becomes Profit Booking Range: 48,834 – 48,894. []Only if price sustains above 48,708 for 15-min, then momentum may carry us to 48,894. Book profits gradually. []Avoid fresh shorts unless there’s a reversal candle from 48,834+ range.

🧠 Educational Note: Never chase gaps blindly. Let the price cool off and give confirmation around structure zones.

🟨 FLAT OPENING (within 48,267–48,457): No Trade Zone

A flat opening inside the yellow “No Trade Zone” demands caution.

1. []Avoid trading immediately at the open if price is between 48,267–48,457. This area has been consolidation-heavy and may trigger whipsaws. []Wait for a breakout above 48,457 to initiate longs with a potential move towards 48,639–48,708.
2. If price breaks below 48,267 with volume, expect a slide towards Last Intraday Support at 48,105.

🧠 Tip: First 30 mins is often a trap in tight-range zones. Let price action confirm strength/weakness before entering.

🟩 GAP-DOWN OPENING (200+ points): Below 48,100)

A gap-down opening near or below 48,105 or 47,950 can offer strong intraday opportunities.

1. []If price opens near Buyers’ Support Zone (47,873–47,944) and shows reversal patterns, go long with SL below 47,873. []Upside target can be 48,105 initially and if sustained, then 48,267. []On the contrary, if 47,873 breaks convincingly, sellers may drive prices toward 47,700–47,600 zone. []Wait for structure to form before picking direction.

🧠 Insight: Buyer zones are often tested with false breakdowns—wait for hourly candle closure to confirm breakdown.

📘 Risk Management Tips for Option Traders:
💡

1. []Trade near structure zones. Avoid trading based purely on option premiums. []Always define stop-loss levels before entering a trade. []Avoid selling deep OTM options blindly during directional moves. []Time decay (Theta) is your enemy in sideways markets—trade only when direction is clear.
2. Position sizing is key—don't risk more than 1–2% of your capital per trade.

📌 Summary & Conclusion:
✅ Key Resistance Levels: 48,457 / 48,708 / 48,894
✅ Key Support Levels: 48,105 / 47,873 / 47,600
✅ No Trade Zone: 48,267–48,457
👉 Trade only on confirmation and be mindful of market traps within the range.

🎯 Focus on structure, patience, and risk control. Let the market come to you.

❗Disclaimer: I am not a SEBI registered analyst. This plan is shared for educational purposes only. Do your own research or consult your financial advisor before trading.