๐ NIFTY TRADING PLAN โ 28-Aug-2025
๐ Key Levels to Watch:
Opening Resistance: 24,840
Last Intraday Resistance: 24,930
Major Resistance Above: 25,058
Important Support Zone for Reversal: 24,697 โ 24,726
Last Intraday Support: 24,511
These levels will guide our decision-making depending on the type of opening.
๐ผ 1. Gap-Up Opening (100+ points above 24,840)
If Nifty opens above 24,840, bullish momentum will be active.
๐ Plan of Action:
๐ Educational Note: Gap-ups often trigger early volatility due to overnight positions. Avoid chasing at the open; wait for confirmation candles before entering.
โ 2. Flat Opening (Around 24,710 โ 24,769)
A flat start around the immediate support/resistance range will decide short-term direction.
๐ Plan of Action:
๐ Educational Note: Flat openings are best suited for range traders in the first half, later moving into breakout mode once levels are breached.
๐ฝ 3. Gap-Down Opening (100+ points below 24,697)
If Nifty opens below 24,697, it will show clear bearish pressure.
๐ Plan of Action:
๐ Educational Note: On gap-down days, follow the trend instead of trying to catch falling knives. Look for retests of broken supports before initiating shorts.
๐ก๏ธ Risk Management Tips for Options Traders
๐ Summary & Conclusion
๐ข Above 24,930 โ Possible upside to 25,058.
๐ง Flat near 24,769 โ Wait for breakout/breakdown.
๐ด Below 24,697 โ Downside towards 24,511.
๐ฏ Key Zone: 24,697 โ 24,726 (Reversal Zone) will act as a pivot for the day.
โ ๏ธ Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be considered financial advice. Please consult your financial advisor before making trading/investment decisions.
๐ Key Levels to Watch:
Opening Resistance: 24,840
Last Intraday Resistance: 24,930
Major Resistance Above: 25,058
Important Support Zone for Reversal: 24,697 โ 24,726
Last Intraday Support: 24,511
These levels will guide our decision-making depending on the type of opening.
๐ผ 1. Gap-Up Opening (100+ points above 24,840)
If Nifty opens above 24,840, bullish momentum will be active.
๐ Plan of Action:
- [] Sustaining above 24,930 will likely attract buyers towards 25,058, which is the major resistance zone.
[] If Nifty fails to hold above 24,930, profit booking may drag it back to 24,840 support zone. - A breakout above 25,058 can extend the rally further, but this should be traded cautiously, as upside may face profit booking.
๐ Educational Note: Gap-ups often trigger early volatility due to overnight positions. Avoid chasing at the open; wait for confirmation candles before entering.
โ 2. Flat Opening (Around 24,710 โ 24,769)
A flat start around the immediate support/resistance range will decide short-term direction.
๐ Plan of Action:
- [] If Nifty sustains above 24,769, it may gradually climb towards 24,840 โ 24,930.
[] If it breaks below 24,697โ24,726 (Reversal Zone), weakness may drag it down towards 24,511 (Last Intraday Support). - In flat openings, allow the first 30 minutes to define direction before committing capital.
๐ Educational Note: Flat openings are best suited for range traders in the first half, later moving into breakout mode once levels are breached.
๐ฝ 3. Gap-Down Opening (100+ points below 24,697)
If Nifty opens below 24,697, it will show clear bearish pressure.
๐ Plan of Action:
- [] Below 24,697, the index can slip quickly towards 24,511 (Last Intraday Support).
[] Any bounce from this zone should be treated as an opportunity to re-test resistances, not fresh bullish entry, unless sustained. - If 24,511 is broken with volume, a deeper fall may continue with more downside levels opening up.
๐ Educational Note: On gap-down days, follow the trend instead of trying to catch falling knives. Look for retests of broken supports before initiating shorts.
๐ก๏ธ Risk Management Tips for Options Traders
- [] Risk only 1โ2% of capital per trade.
[] Use hourly closing basis stop-loss for directional trades.
[] On gap-up/gap-down days, avoid naked options; prefer spreads to manage risk.
[] Do not overtrade if levels remain choppy between 24,769 โ 24,840 (no-trade zone). - Track India VIX; high VIX = wider stop-loss needed, low VIX = tight stop-loss.
๐ Summary & Conclusion
๐ข Above 24,930 โ Possible upside to 25,058.
๐ง Flat near 24,769 โ Wait for breakout/breakdown.
๐ด Below 24,697 โ Downside towards 24,511.
๐ฏ Key Zone: 24,697 โ 24,726 (Reversal Zone) will act as a pivot for the day.
โ ๏ธ Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be considered financial advice. Please consult your financial advisor before making trading/investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.