NIFTY : Trading levels and plan for 29-Sep-2025NIFTY TRADING PLAN – 29-Sep-2025
Nifty closed at 24,673.10, consolidating near the Opening Support Zone (24,625 – 24,650) . Price action has weakened in recent sessions, and the index is at a crucial stage where either a relief bounce or further downside may unfold.
📌 Key Levels to Watch:
Last Intraday Resistance: 24,923
Opening Resistance: 24,801
Opening Support: 24,625 – 24,650
Last Intraday Support (Important Day Chart Support): 24,570
Next Major Support: 24,484
Lower Extension Support: 24,276
🚀 Scenario 1: Gap Up Opening (100+ points)
If Nifty opens near 24,770 – 24,820, it will immediately test the Opening Resistance at 24,801 .
Sustaining above 24,801 can invite strength and push the index towards 24,923 (Last Intraday Resistance) .
A breakout above 24,923 may trigger momentum buying and extend the rally further.
If rejection occurs near 24,801, prices may retest 24,650 – 24,625 zone, turning it into a demand area.
👉 Educational Note: Gap-ups require confirmation candles. Enter only if the index sustains above resistance with volume support, as failed gap-ups often reverse quickly.
⚖️ Scenario 2: Flat Opening (within ±100 points)
A flat start around 24,650 – 24,700 keeps Nifty inside the Opening Support Zone (24,625 – 24,650) .
Holding above this zone can attract fresh buying interest, aiming for 24,801 → 24,923 on the upside.
Failure to hold above 24,625 may bring weakness towards 24,570 (Last Intraday Support) .
A close below 24,570 will confirm bearish continuation and may extend selling to 24,484.
👉 Educational Note: Flat openings are ideal for observing initial price behavior. Traders should wait for a breakout of the first 15-minute candle to gauge intraday direction.
📉 Scenario 3: Gap Down Opening (100+ points)
If Nifty opens near or below 24,550 – 24,500, it will test Last Intraday Support at 24,570 right from the start.
A breakdown below 24,570 may accelerate selling towards 24,484 → 24,276 .
However, if 24,570 holds firm, a relief bounce back towards 24,650 – 24,801 is possible on short covering.
Sustained trading below 24,484 would signal stronger bearish control, dragging markets lower.
👉 Educational Note: Gap-downs can trigger panic selling. Safer entries occur when price retests support levels and shows rejection candles, avoiding entry in the first impulsive drop.
🛡️ Risk Management Tips for Options Traders
Avoid trading in the first 15–30 minutes to escape false breakouts/breakdowns.
Always place stop losses on a closing basis of 15-min or hourly candles .
Use spread strategies (Bull Call / Bear Put spreads) instead of naked options near crucial levels.
Respect the risk-to-reward ratio of 1:2 —avoid trades where the stop is too wide.
Scale into trades instead of going all-in; partial booking ensures safety in volatile sessions.
Protect capital first—opportunity will always come back, but capital once lost is hard to recover.
📌 Summary & Conclusion
Bullish Bias: Above 24,801, target 24,923.
Neutral Zone: Between 24,625 – 24,801, expect range-bound moves.
Bearish Bias: Below 24,570, weakness may drag Nifty to 24,484 → 24,276.
📊 Nifty is at a critical support-resistance junction . The reaction near 24,801 (resistance) and 24,570 (support) will decide whether a bounce-back rally unfolds or fresh downside emerges. Traders should maintain discipline and respect levels strictly.
⚠️ Disclaimer: This trading plan is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before trading.
