NIFTY : Trading Levels and Plan for 28-Apr-2025

📊 Nifty 50 Trading Plan for 28-Apr-2025 (15-min TF Analysis)

Previous Close: 23,991.05
Key Zones:
🔴 Major Resistance Zone: 24,255 – 24,317
🟥 Critical Reversal Level: 24,433 (Daily and Weekly Importance)
🟧 Opening Resistance: 24,106
🟨 Opening Support: 23,912
🟩 Last Intraday Support Zone: 23,810 – 23,764
🟦 Important Support (Seller’s Booking Zone): 23,621 – 23,671

🟥 Scenario 1: Gap-Up Opening (Above 24,100)

If Nifty opens more than 100 points higher, around or above 24,100, we will be near the Opening Resistance (24,106) or trying to push towards the Last Intraday Resistance Zone (24,255–24,317).

1. []If Nifty struggles near 24,106 and forms rejection candles (wicks, bearish engulfing), a low-risk short opportunity could arise aiming back towards 23,991–23,950 zones.
   []On the flip side, if price sustains and shows strength above 24,255, a breakout trade can be initiated with an eye on the 24,433 critical resistance zone.
   []Strong bullish candles with volume confirmation are essential to attempt longs beyond 24,255.
   []Be cautious around 24,433 as it is a major trend reversal zone on higher timeframes. Partial profit booking recommended.

🧠 Educational Tip: Gap-ups into major resistances often lead to profit booking unless there is a strong continuation pattern. Avoid buying blindly on opening candles without confirmation.

                                                     

🟨 Scenario 2: Flat Opening (Between 23,900 – 24,100)

If Nifty opens flat or with a minor gap (within 100 points), we will remain between Opening Support (23,912) and Opening Resistance (24,106).

1. []If Nifty trades above 23,991 and crosses 24,046 with strength, a buy setup can be considered targeting 24,106 and potentially 24,255.
   []If it fails to hold 23,991 and starts slipping below 23,950, expect a quick dip towards the Opening Support (23,912).
   []A confirmed breakdown below 23,912 could push the index lower toward the Last Intraday Support Zone (23,810–23,764).
   []In a flat opening, trade based on clear breakout or breakdown of initial 15–30 minute range. No pre-commitment bias!

🧠 Educational Tip: Flat openings often lead to range-bound movements initially. Avoid over-trading inside choppy zones. Wait for clear directional cues.

                                                     

🟩 Scenario 3: Gap-Down Opening (Below 23,900)

If Nifty opens below 23,900, the focus immediately shifts to the Opening Support (23,912) and the Last Support Zones (23,810–23,764).

1. []If Nifty stabilizes around 23,810–23,764 with bullish reversal patterns (hammer, bullish engulfing), aggressive long entries could be initiated targeting 23,950–24,000.
   []However, if breakdown continues below 23,764, expect an extended fall toward the major support Seller's Profit Booking Zone (23,621–23,671).
   []Look for strong price action near 23,621–23,671 as it may trigger a bigger reversal if buyers step in aggressively.
   []Avoid catching falling knives. Let price form a base before attempting counter-trend trades.

🧠 Educational Tip: In gap-downs, volatility spikes. Focus on fewer trades with better setups rather than forcing trades during emotional market reactions.

                                                     

⚡ Risk Management Tips for Options Traders:

1. []🔒 Always have a pre-defined stop loss. Never risk more than 1–2% of your trading capital on a single trade.
   []💸 In case of a flat or range-bound market, avoid holding naked option buys for too long as theta decay will eat premiums.
   []⚖️ Use option spreads (like bull call spreads or bear put spreads) to limit loss and protect against volatility crush.
   []📈 Stick to current week expiries for intraday trades but prefer next week expiry if volatility is extremely low.
   
2. ⏳ Avoid trading in the first 5 minutes unless extremely clear breakout or breakdown is seen.

📌 Summary and Conclusion:

🟥 Gap-Up Opening: Watch 24,106 and 24,255 closely for breakout or rejection plays.

🟨 Flat Opening: Wait for clear breakout above 24,046 or breakdown below 23,912.

🟩 Gap-Down Opening: Focus on price reaction around 23,810–23,764 and 23,621–23,671.

Patience 🧘‍♂️, risk management 🛡️, and discipline 📚 are your best trading allies. Trade based on price action, not assumptions.

⚠️ Disclaimer: I am not a SEBI-registered analyst. All views shared are purely for educational purposes only. Please consult your financial advisor before taking any trading or investment decisions. 📚