SENSEX : Trading plan for expiry 08-Jan-2026SENSEX Trading Plan for 8-Jan-2026
(Timeframe: 15-min | Gap criteria: 300+ points)
🔑 Key Levels to Track (from chart)
Major Upside Resistance: 85,632
Upper Resistance / Supply Zone: 85,174 – 85,295 (No-Trade Zone)
Immediate Pivot / CMP Zone: ~84,968
Opening Support: 84,772
Last Intraday Support Zone: 84,492 – 84,560
Lower Support Extension: 84,294
🧠 Market context: SENSEX is coming after a sharp corrective move and is currently trying to stabilize near lower supports. The 85,174–85,295 zone is a strong supply area, while 84,492–84,560 remains a crucial buyer’s defense.
🟢 1. GAP-UP OPENING (300+ Points)
If SENSEX opens well above 85,295, it signals strong short-covering but near a heavy resistance zone.
🎓 Educational Insight
Large gap-ups into resistance often see profit booking. Sustainable upside requires acceptance above resistance, not just an opening spike.
Plan of Action
Avoid aggressive longs in first 15 minutes ⏳
Sustain above 85,295 → upside toward 85,632
Failure to hold above 85,295 → expect pullback toward 85,174 → 84,968
Intraday longs only on retest + holding confirmation
Options idea: Bull Call Spread instead of naked calls to manage risk
🟡 2. FLAT OPENING
If SENSEX opens near 84,900 – 85,100, expect range-bound and volatile price action.
🎓 Educational Insight
Flat opens near prior breakdown zones usually lead to false breakouts. Direction emerges only after range expansion with volume.
Plan of Action
Above 85,174 with hold → move toward 85,295
Rejection from 85,174–85,295 → sideways to negative bias
Break below 84,772 → downside toward 84,560
Trade only near edges, avoid middle of range 🚫
Options idea: Iron Fly / Short Strangle (hedged) if index compresses
🔴 3. GAP-DOWN OPENING (300+ Points)
If SENSEX opens below 84,772, bearish sentiment dominates early.
🎓 Educational Insight
Gap-downs into demand zones can trigger panic selling, but also dead-cat bounces. Price behavior at support is more important than the gap itself.
Plan of Action
First demand zone: 84,560 – 84,492
Strong rejection from this zone → intraday bounce possible
Clean break below 84,492 → extension toward 84,294
Avoid fresh shorts exactly at support; wait for breakdown
Options idea: Bear Put Spread or Put Ratio Spread
🛡️ Risk Management Tips (Options Trading)
Risk only 1–2% capital per trade 💰
Prefer spreads near resistance/support to control theta
Avoid trading multiple scenarios simultaneously
Book partial profits fast in volatile markets ⚡
No revenge trades after SL hit 🚫
🧾 Summary & Conclusion
Above 85,295: Bullish continuation toward 85,632
85,174–85,295: Strong No-Trade / Supply Zone
Below 84,772: Weakness toward 84,560 → 84,294
Focus on price acceptance at levels, not gap size 🎯
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Markets involve risk—please consult a certified financial advisor before trading.
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