BANKNIFTY : Trading levels and Plan for 15-May-2025📘 BANK NIFTY TRADING PLAN – 15th May 2025 (15-Min Chart Structure)
📍 Bank Nifty closed at 54,860.55 on 14-May-2025. It is currently positioned just below a critical Opening Resistance at 55,010 . There are multiple confluences and potential breakout/breakdown areas around this zone. Key support is visible at 54,491 , with a deeper demand zone around 53,912 (Wave B bottom).
A Gap Opening is considered to be ±200 points or more from the previous close.
🚀 SCENARIO 1: GAP-UP OPENING (Above 55,060)
(Gap up of 200+ points above last close)
If Bank Nifty opens above 55,060 , it will directly enter the Last Intraday Resistance Zone of 55,285–55,779 .
In such zones, the market either continues with momentum or reverses sharply — depending on early candle behavior.
Wait for the first 15–30 mins to let price action confirm direction.
If the index sustains above 55,285 with strong bullish candles, consider long entries with targets toward 55,600 and 55,779 . Stop-loss can be placed just below 55,150 .
If rejection or exhaustion patterns appear below 55,285 (like shooting star, bearish engulfing), prepare for short opportunities — especially if it re-enters below 55,010 , targeting 54,860 and 54,491 .
👉 📚 Educational Tip: Strong gap-ups near resistance often trap late buyers. Confirmation is key before jumping into a trade.
📊 SCENARIO 2: FLAT OPENING (Between 54,700 – 54,950)
(Minor move from the previous close)
This range includes both the Opening Support (54,811) and Opening Resistance (55,010) , making it a no-trade zone initially .
Let the price either give a clean breakout above 55,010 or breakdown below 54,491 .
For an upside breakout , wait for a candle close above 55,010 with follow-through volume. In that case, long trades may be initiated with a target of 55,285 and 55,600+ .
For a downside breakdown , wait for rejection near 55,010 followed by a fall below 54,811 — then short with a target of 54,491 and 54,300 .
Avoid getting chopped inside the 100-point range between 54,811–55,010 .
👉 📚 Educational Tip: When price trades in between two key levels, it's best to let the market pick a direction before acting. Avoid impulse trading.
🔻 SCENARIO 3: GAP-DOWN OPENING (Below 54,660)
(Gap-down of 200+ points)
If Bank Nifty opens below 54,660 , it likely heads toward Opening Support at 54,491 .
This is a crucial support zone. A breakdown below 54,491 can trigger further downside till 53,912 , which is the bottom of Wave B and a strong bounce zone.
Ideal strategy: Wait for a retest of 54,491 after breakdown. If price retests and rejects, short positions can be initiated with a stop-loss above 54,600 and targets of 54,200 and 53,912 .
If price bounces strongly near 53,912 with a reversal candle, consider buying for a reversion move to 54,400–54,600 .
Avoid fresh shorts near 53,912 without confirmation as it’s a previous buying zone.
👉 📚 Educational Tip: Never short blindly into a strong support zone. Look for candle patterns like morning star or bullish engulfing for reversal signs.
💡 OPTIONS TRADING & RISK MANAGEMENT TIPS:
⚠️ Avoid trading in the first 5–10 mins unless there’s a clear breakout/breakdown. Let the structure form.
🧠 Always define your maximum risk per trade (1–2% of capital) .
📈 Use ATM or slightly ITM options for better delta and less premium erosion.
🔁 Consider deploying spreads (like Bull Call or Bear Put) in volatile markets to limit loss.
⏳ Avoid holding OTM options post 2 PM — theta decay increases rapidly.
🚫 Do not average into losing trades. It’s better to exit and re-enter than hope for recovery.
👉 🧠 Pro Tip: Treat every trade like a business decision, not an emotional reaction. Risk control > accuracy.
📌 SUMMARY & CONCLUSION:
🔹 Opening Resistance Zone: 55,010 – 55,285
🔹 Opening Support Zone: 54,491 – 54,811
🔹 Major Support: 53,912 (Wave B bottom)
🔹 Momentum Above: 55,285 → Possible rally to 55,779
🔹 Breakdown Below: 54,491 → Potential fall to 53,912
🔹 Wait Zone: 54,811–55,010 (No clear trend)
Bank Nifty is at a decision point. The next 15-minute structure post-open will define the day’s trend. Focus on high-probability setups around breakout or breakdown zones and protect your capital at all costs.
⚠️ DISCLAIMER:
I am not a SEBI-registered analyst . This trading plan is purely for educational and informational purposes . Please consult your financial advisor or do your own research before taking any trades. Markets carry risk — trade responsibly.
Bankniftypriceaction
Bank Nifty spot 48344.70 by the Daily Chart viewJust sharing an update in continuation over the last week Bank Nifty Index chart data reading.
Bank Nifty spot 48344.70 by the Daily Chart view
- Support Zone 47850 to 48075 Index Band is still sustained
- Bullish "W" Double Bottom has been formed at Support Zone Index Band.
- Do we expect another Rounding Bottom from the Support Zone or a Breakdown is on the cards ????
Bank Nifty spot 48981.20 by the Daily Chart viewBank Nifty spot 48981.20 by the Daily Chart view
- Repeat Bottoms formed over the past few days 47525 to 48810 Index level
- Bullish "W" Double Bottom has been formed at Support Zone Index Band and is sustained
- Few Gap Up and Gap Down openings remain to get closed below Support Zone 47850 to 48075 for Bank Nifty Index Band levels
Bank Nifty spot 49099.45 by the Daily Chart view*Bank Nifty spot 49099.45 by the Daily Chart view*
- Just an FYI to note, for the current status of the Bank Nifty Index Daily Closure
- Close observation shows Double Bottom formed over past 3 days at 47819 to 48735 Index level
- Falling Resistance Trendline Breakout might just be sustained and we hope for the best to happen
- Bullish "W" Double Bottom formed at Support Zone 47850 to 48075 Index Band is yet been sustained
Bank Nifty spot 49506.95 by the Daily Chart viewBank Nifty spot 49506.95 by the Daily Chart view
- Support Zone 47850 to 48075 Index Band
- Resistance Zone 49950 to 50275 Index Band
- Falling Resistance Trendline Breakout seems sustained
- Bullish "W" Double Bottom has been formed at Support Zone Index Band
- Rising Support Trendline seen well respected with 2 minor flip dips below it on 04-Jan-2025 and 27-Jan-2025
[INTRADAY] #BANKNIFTY PE & CE Levels(05/08/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 50950 level then possible downside rally of 400-500 points upto 50550 Level & this rally can can extend another 400 points if market gives breakdown 50450 level in todays session.Any Major upside only expected in case banknifty starts trading above 50550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 51550 level then possible upside rally of 400-500 points upto 51950 level & this rally can extend another 400 points if market gives breakout 52050 level in todays session. Any Major downside only expected in case banknifty starts trading below 51450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52550 level then possible upside rally of 400-500 points upto 52950 level & this rally can extend another 400 points if market gives breakout 53050 level in todays session. Any Major downside only expected in case banknifty starts trading below 52450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 52550 level then possible upside rally of 400-500 points upto 52950 level in todays session. Any Major downside only expected in case banknifty starts trading below 52450 level.
Bank Nifty 27-06-2024 AnalysisHello Traders, Welcome to SriTrader5121
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Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 5200##
Major Resistance - Around 5300##
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
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Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
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Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
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[INTRADAY] #BANKNIFTY PE & CE Levels(10/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level. also possible reversal downside 49950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(06/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level. also possible reversal downside 49450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session. Any Major downside only expected in case banknifty starts trading below 46950 level. also possible reversal downside 47450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 51050 level then possible upside rally of 400-500 points upto 51450 level & this rally can extend another 400 points if market gives breakout 51550 level in todays session. Any Major downside only expected in case banknifty starts trading below 50950 level. also possible reversal downside 51450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/06/2024) Today will be Huge gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level & this rally can extend another 400 points if market gives breakout 50550 level in todays session. Any Major downside only expected in case banknifty starts trading below 49950 level. also possible reversal downside 50450 level. (Note:have possibility market give another 400 points rally if market can go above 51050 level)
[INTRADAY] #BANKNIFTY PE & CE Levels(23/05/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level in todays session. Any Major downside only expected in case banknifty starts trading below 47950 level to 47550 level & this rally can extend another 400 points if market gives breakdown 47450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level in todays session. Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level in todays session. Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level & this rally can extend another 400 points if market gives breakdown 46950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(06/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level.also possible reversal downside 49450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level.also possible reversal downside 49450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session.Any Major downside only expected in case banknifty starts trading below 49450 level.