BUY BANKNIFTY 50500 JAN PE @ 370 - 380 | BANKNIFTY SHORT TRADEBANKNIFTY 505000 PE JAN EXP
BANKNIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The BankNifty is currently trading near a key resistance zone, where selling pressure has been observed at higher levels. We recommend considering the purchase of the 50500 PE (Put Option) with a January expiry in the price range of 370–380. If prices decline, additional quantity can be added between 300–310. Target levels are set at 480 and 540, with a stop-loss (SL) placed at 280.
Regards,
OptionsDaddy Research Team
Bankniftytradesetup
[INTRADAY] #BANKNIFTY PE & CE Levels(26/12/2024)Today will be slightly gap up opening expected in banknifty. Expected opening near 51450 level. After opening it will face resistance at this level and expected downside from this level. Strong upside rally only expected if banknifty starts trading and sustain above 51550 level. Also, Major downside expected below 50950 level. Currently banknifty trading in between the zone of 51050-51450 level. Any major directional rally only expected after breakout this zone.
BUY BANKNIFTY 52200 JAN CE @ 590 - 600 | BANKNIFTY LONG TRADEBANKNIFTY 52200 CE JAN EXP
BANKNIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The BankNifty is currently trading near support zone, and we anticipate upmove around these levels. We recommend considering the purchase of the 52200 CE (Call Option) with a January expiry in the price range of 590–600.
Target levels are set at 680 and 780, with a stop-loss (SL) placed at 540.
Regards,
OptionsDaddy Research Team
BANKNIFTY : Trading Levels and Plan for 26-Dec-2024Trading Plan for 26-Dec-2024 – Bank Nifty
Introduction:
The trading plan for 23-Dec-2024 highlighted critical zones, with Yellow indicating sideways trends, Green showing bullish trends, and Red indicating bearish trends. Bank Nifty respected these levels, testing the Opening Resistance/Support Zone but displaying indecision. Price stabilization near support zones provided opportunities for both bullish and bearish trades. Below is the detailed trading plan for 26-Dec-2024 based on potential opening scenarios.
Scenario 1: Gap-Up Opening (200+ Points)
If Bank Nifty opens above 51,593 :
The Last Intraday Resistance Zone (51,719-51,962) becomes crucial. Watch for rejection signals here. A failure to sustain above this zone could trigger a bearish reversal ( Red Trend ).
Action Plan: Short positions can be initiated with a target toward 51,420 , keeping a stop-loss above 52,000 .
If prices sustain above 51,962 , expect a strong bullish trend ( Green Trend ) toward higher levels.
Action Plan: Options traders can consider buying ATM or slightly OTM Call options after confirming an hourly close above resistance.
If Bank Nifty opens within the range of 51,420-51,593 :
This zone is likely to act as a supply zone. Monitor price action for rejection or breakout signs. A rejection may indicate consolidation ( Yellow Trend ) or bearishness.
Action Plan: Trade cautiously with tight stop-losses and wait for clear direction before taking any trades.
Scenario 2: Flat Opening (Within 50 Points)
If Bank Nifty opens near 51,288 (Liquidity Build-up Zone):
Observe price action in the first 15-30 minutes. If the index moves toward 51,420 , wait for either rejection or breakout confirmation.
Action Plan: A breakout with volume can lead to bullish momentum toward 51,593 .
If prices decline toward the Opening Support Zone (51,073) , anticipate either a consolidation phase ( Yellow Trend ) or a potential bounce ( Green Trend ).
Action Plan: Consider long positions above 51,073 , targeting 51,288 .
Scenario 3: Gap-Down Opening (200+ Points)
If Bank Nifty opens near 51,010-51,073 :
This is a key support zone. Look for potential bounce signals ( Green Trend ).
Action Plan: If prices sustain, options traders can initiate long positions in ATM Call options , targeting 51,288 .
If prices break and sustain below 51,010 , bearish momentum ( Red Trend ) is expected toward the Last Intraday Support (50,781) .
If Bank Nifty opens near 50,781 or below:
This represents the Last Intraday Support Zone . Look for reversal signals before entering long trades.
Action Plan: If this support is decisively broken, expect further bearishness. Avoid aggressive trades and wait for confirmation.
Risk Management Tips for Options Trading:
Always trade with defined targets and stop-losses .
Avoid over-leveraging, especially near resistance and support zones.
For gap-up or gap-down openings, allow the market to settle for at least 15-30 minutes before making trades.
Use trailing stop-losses to protect profits in trending moves.
Summary and Conclusion:
Bank Nifty is trading within defined ranges, and the outlined levels will guide trades based on the opening scenario. Focus on the Opening Support and Resistance Zones for actionable trades. Execute trades with patience, discipline, and proper risk management.
Disclaimer:
I am not a SEBI-registered analyst. This trading plan is shared purely for educational purposes. Traders are advised to conduct their own research or consult a financial advisor before taking any positions.
BANKNIFTY : Trading levels and plan for 27-Dec-2024
Intro: Yesterday's Plan vs. Actual
In yesterday's plan, we anticipated critical levels such as the Liquidity Buildup Zone around 51,213 and a potential test of the Resistance for Consolidation Zone at 51,805. The market opened near the expected range, showing sideways movement (Yellow Trend) during the early session. A breakout above 51,568 eventually triggered a bullish rally (Green Trend), validating our target at 51,956-52,072.
Let’s prepare for 27-Dec-2024 with an educational approach to all scenarios.
Detailed Trading Plan for 27-Dec-2024
Gap-Up Opening (+200 points or more above 51,400):
If Bank Nifty opens with a significant gap-up, monitor the Opening Resistance at 51,568. Sustained trading above this level indicates a continuation towards the Resistance for Consolidation at 51,805. A breakout above 51,805 may lead to a rally targeting the Profit Booking Zone at 51,956-52,072.
⚠️ Action Plan: Wait for a retest of 51,568 for confirmation before entering long positions. Early entry without confirmation increases the risk of false breakouts.
💡 Risk Management Tip: For options trading, consider bull call spreads to hedge against a sudden pullback.
Flat Opening (Near 51,213-51,400):
In case of a flat opening, Bank Nifty is likely to consolidate within the Golden Retracement Zone of 51,173-51,213. This zone can act as a pivot for directional moves. A bullish breakout above 51,213 signals upside momentum, while a breakdown below 51,173 may lead to bearish pressure.
⚠️ Action Plan: Observe the first 30 minutes for price action. For bullish entries, target 51,568 and above. For bearish trades, look for confirmation of rejection at 51,173, targeting 50,850.
💡 Risk Management Tip: Use tight stop losses for trades within this zone to avoid getting trapped in sideways movements.
Gap-Down Opening (-200 points or more below 51,213):
If Bank Nifty opens below 51,213, immediate support lies at Last Intraday Support around 50,850. A breakdown below 50,850 may extend the bearish trend (Red Trend) towards the Buyer’s Support Zone at 50,463-50,302. Look for potential reversals at these key levels for contrarian trades.
⚠️ Action Plan: Avoid panic selling at the open. Instead, wait for confirmation of breakdowns or reversals before taking trades. A reversal at 50,463 could present excellent risk-reward opportunities for long positions.
💡 Risk Management Tip: Hedge your positions with put spreads in case of continued bearish momentum.
Summary and Conclusion
For 27-Dec-2024, the focus should be on the Opening Resistance Zone at 51,568 and Golden Retracement Zone at 51,173-51,213. Gap-up and flat openings demand patience and confirmation for directional trades. A gap-down could offer contrarian opportunities at deeper support levels. Always prioritize risk management through proper position sizing and option strategies.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Traders are advised to conduct their analysis or consult with financial advisors before executing trades.
#BankNifty #TradingPlan #TechnicalAnalysis #PriceAction #OptionsTrading #StockMarketIndia
#banknify - 25th DECEMBER !!NSE:BANKNIFTY
This chart appears to depict the Nifty Bank Index (Bank Nifty) on a 15-minute time frame with key levels of support and resistance marked. Here's the analysis:
1. Range-bound movement:
The index has been consolidating within a rectangular range (highlighted in red) between approximately 51,200 and 51,477, indicating indecision in the market.
2. Support levels:
Strong support is identified near 51,094 and further below at 50,870.
3. Resistance levels:
Immediate resistance is seen at 51,477, followed by 51,806 and a significant level near 52,159.
Price Movement Summary:
• The price tested lower support levels around 50,870 and rebounded strongly, indicating buyer interest near this zone.
• The current price action suggests consolidation with the possibility of a breakout on either side.
Trading Plan:
1. Bullish Scenario:
A breakout above 51,477 could lead to a rally towards 51,806 or even higher towards 52,159.
Entry: Buy above 51,500 with a stop loss below 51,200.
• Targets: 51,806 and 52,159.
2. Bearish Scenario:
A breakdown below 51,094 could trigger a decline towards 50,870 or further to · 50,556. Entry: Sell below 51,080 with a stop loss above 51,300.
Targets: 50,870 and 50,556.
Summary: The chart indicates a consolidation phase, and the next move depends on whether the index breaks above the resistance at 51,477 or below the support at 51,094. Traders should wait for confirmation before initiating any positions.
Only for educational purposes.
This content is not a recommendation to buy and sell.
Not SEBI REGISTRAR.
[INTRADAY] #BANKNIFTY PE & CE Levels(24/12/2024)Today will be flat opening expected in index. After opening banknifty will be trade in between the consolidation zone of 51050-51450 level. Any major upside rally expected if banknifty starts trading and sustain above 51550 level. Downside only expected if banknifty gives breakdown of 50950 level.
BANKNIFTY : Trading levels and Plan for 24-Dec-2024Plan vs. Actual Performance (23-Dec-2024):
In today's session, Bank Nifty opened near the 51,097-51,272 resistance/support zone, as anticipated in the plan.
Prices respected the Opening Resistance/Support zone , consolidating within this range initially (yellow trend indicating sideways movement).
A breakout above 51,272 was short-lived, and prices struggled to sustain higher levels, aligning with the plan's cautionary note about rejection patterns.
The range-bound behavior observed in the chart perfectly matches the yellow zone prediction in the plan, highlighting indecision in the market before testing key levels.
No significant bullish or bearish breakout was sustained, demonstrating the market's hesitancy near the projected levels.
Key Takeaway: The trading plan's highlighted zones (resistance and support) provided reliable levels for observing price action and market trends, with the sideways movement being accurately forecasted.
The chart for the 24th of December 2024 provides a detailed plan for different opening scenarios, including gap up, flat, and gap down openings. This plan will help traders navigate the market effectively.
Trading Plan for 24-Dec-2024
Gap Up Opening (200+ points)
If the market opens above 51,593.00, look for a bullish trend continuation towards the next resistance level at 51,719.00. Monitor price action around 51,719.00. If the price sustains above this level, the next target would be 51,962.00. Place a stop loss below 51,593.00 to manage risk.
Flat Opening
If the market opens around the previous close of 51,287.25, observe the price action within the no trade zone (51,306.90 to 51,353.00). A breakout above 51,353.00 could signal a bullish trend towards 51,420.95. A breakdown below 51,306.90 could indicate a bearish trend towards 51,267.00. Manage risk by placing stop losses just outside the no trade zone.
Gap Down Opening (200+ points)
If the market opens below 51,073.00, look for a bearish trend continuation towards the next support level at 51,010.00. Monitor price action around 51,010.00. If the price sustains below this level, the next target would be 50,781.00. Place a stop loss above 51,073.00 to manage risk.
Risk Management Tips for Options Trading
Always use stop losses to limit potential losses. Avoid over-leveraging; trade within your risk tolerance. Diversify your trades to spread risk. Keep an eye on implied volatility and time decay when trading options. Regularly review and adjust your trading plan based on market conditions.
Summary and Conclusion
The trading plan for the 24th of December 2024 outlines strategies for different opening scenarios, including gap up, flat, and gap down openings. By following the plan and adhering to risk management principles, traders can navigate the market effectively. Remember, the yellow trend indicates sideways movement, the green trend indicates a bullish trend, and the red trend indicates a bearish trend.
Disclaimer
I am not a SEBI registered analyst. This plan is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any trading decisions.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/12/2024)Today will be slightly gap up opening expected in banknifty. Expected opening near 51500 level. After opening if banknifty starts trading and sustain above 51550 level then only expected further upside movement in banknifty. Otherwise below 51450 level expected downside upto 51050 and this can be extend for further 400-500+ points in case banknifty starts trading below 50950 level.
BANKNIFTY : Trading Levels and Plan for 23-Dec-202423-Dec-2024 Bank Nifty Trading Plan
Color-Coding:
Yellow: Sideways trend. Green: Bullish trend. Red: Bearish trend.
23-Dec-2024 Trading Scenarios:
Gap Up Opening (+200 points or more):
If Bank Nifty opens above 51,272 but below 51,420 , this range acts as an immediate resistance zone. Watch for bearish rejection patterns like a double top or bearish engulfing to initiate short trades targeting 51,097-50,872 .
If prices sustain above 51,420 , the sentiment shifts bullish. Consider long trades above this level with targets of 51,832-52,000 . Use a stop loss at 51,250 to manage risk effectively.
Flat Opening:
A flat opening near 50,872-50,664 suggests consolidation. Wait for a breakout above 51,097 for long trades targeting 51,272-51,420 .
Alternatively, a breakdown below 50,664 may trigger bearish momentum. Short trades can be initiated below this level, targeting 50,069-49,800 . Use hourly candle closes to confirm breakdown or breakout for improved accuracy.
Gap Down Opening (-200 points or more):
A gap down below 50,664 puts immediate focus on 50,069 as a critical support level. Look for bullish reversal patterns (e.g., hammer or morning star) within this zone to initiate long trades targeting 50,664-50,872 .
If prices fail to hold 50,069 , expect extended bearish pressure, with short trade targets at 49,800-49,500 . Maintain a stop loss at 50,150 to protect capital.
Risk Management Tips for Options Trading:
Prefer buying options in volatile markets instead of selling to limit risk.
Use spreads (e.g., bull call spreads or bear put spreads) for defined risk-reward.
Monitor implied volatility (IV) levels; higher IV suggests premium decay risk for sellers.
Cap exposure to a fixed percentage of your trading capital per trade.
Summary & Conclusion:
Bank Nifty’s movement on 23-Dec-2024 will revolve around critical zones, especially 51,097-51,272 and 50,664-50,069 . Respect these levels and wait for confirmations before initiating trades. Effective risk management and disciplined execution are key to navigating volatile markets.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making trading decisions.
Banknifty market crash targetHello guys Hope you all are doing good.
if you are shocked and thinking of this market crash as a surprise, then don't, because these kind of moves can be anticipated before hand.
so our next move is below 49820 level preferred 49750 or below the best one.
if you guys want to take entry, need me to update you with entry and stoploss then please comment and share. and let me know you are interested in my posts
[INTRADAY] #BANKNIFTY PE & CE Levels(20/12/2024)Today will be slightly gap down opening expected in banknifty. After opening if banknifty sustain abover 51550 level then expected consolidated movements in between 51550-51950 level. Strong downside fall expected below the 51450 level. This downside rally can goes upto the 51050 level.
BANKNIFTY : Trading Levels and Plan for 20-Dec-2024
Intro: Review of the Previous Day’s Plan
As mentioned in Yesterday's plan BANKNIFTY has found support from level mentioned in Chart yesterday. The chart movement adhered closely to the plan, with Bank Nifty consolidating within the highlighted zones before attempting an upward breakout. The yellow trend on the chart depicted a sideways consolidation, while green and red trends outlined bullish and bearish moves respectively. Today, we prepare for potential scenarios based on expected market openings.
Plan for Different Opening Scenarios
Gap-Up Opening (200+ points above 51,902):
If Bank Nifty opens above 52,068, the index is likely entering the resistance zone highlighted in orange. Watch for rejection signals around 52,381, the last intraday resistance.
Plan of Action:
Look for bearish reversal candles or patterns near 52,381 to initiate short positions with a target of 52,068 and a stop loss above 52,450.
In case of a sustained breakout above 52,381, consider fresh longs targeting 52,600 or higher. Ensure confirmation with strong volume.
Key Tips: If trading options, focus on slightly OTM puts for shorts. For breakout trades, consider ATM or slightly OTM calls.
Flat Opening (Within 51,800-52,000 range):
A flat opening near 51,902 keeps the market in the opening resistance zone. Price action within this zone (yellow trend) will guide the next move.
Plan of Action:
Observe price behavior for 30 minutes. If the index breaks below 51,800, initiate shorts targeting 51,418 with a stop loss at 52,000.
If the index breaks above 52,068, initiate longs with targets at 52,381 and stop loss below 51,902.
Key Tips: For flat openings, straddle or strangle strategies can help capture significant moves in either direction.
Gap-Down Opening (200+ points below 51,902):
A gap-down below 51,418 enters the green support/consolidation zone. Watch for potential reversals or breakdowns near 51,092 or the Wave B lower band at 50,664.
Plan of Action:
If Bank Nifty reverses from 51,092, initiate long trades with targets at 51,418, maintaining a stop loss at 50,900.
A breakdown below 51,092 confirms bearish momentum. Short positions can target 50,664, with stop loss above 51,200.
Key Tips: For aggressive trades in this scenario, consider deep OTM puts for higher returns.
Risk Management Tips for Options Trading:
Avoid over-leveraging; allocate no more than 2-3% of capital per trade.
Use hourly candle close as confirmation for entries and exits.
Hedge positions using spreads to limit losses.
Exit trades promptly if they don’t perform as expected within the first 30 minutes.
Summary and Conclusion:
Today's trading plan focuses on key levels derived from technical analysis. The yellow trend indicates likely consolidation, the green trend suggests bullish opportunities, and the red trend signals potential bearish moves. Adherence to price action at critical levels will be crucial for maximizing profits and minimizing risks. Always ensure disciplined execution and maintain a balanced approach.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult with your financial advisor before making any investment decisions.
BANKNIFTY : Levels, prediction and Plan for 19-Dec-2024Intro: Previous Day's Plan vs Actual
In yesterday's trading plan, BankNifty tested the Wave C Support Zone near 51,903 - 52,068 as highlighted in yesterday's trading plan, showing indecision within the sideways range (Yellow Trend). As expected, the index respected the completion zone for Wave C and stayed above the support area for most of the session. However, no clear breakout or breakdown occurred.
Now, for 19-Dec-2024, we will plan for three potential opening scenarios: Gap Up, Flat, and Gap Down, considering a gap opening of 200+ points. The key levels and actionable strategies are explained below.
Trading Scenarios for 19-Dec-2024
Gap Up Opening (200+ points):
If Bank Nifty opens above the Resistance for Sideways Trade at 52,647, it indicates bullish sentiment.
- Monitor the first 30 minutes for a sustained breakout above this level. If the price holds above 52,647, the next target will be the Last Intraday Resistance at 53,039.
- However, failure to sustain above 52,647 may lead to a retracement back to the Opening Resistance at 52,381.
- Action Plan:
- Initiate long positions only if an hourly candle closes above **52,647**, with targets at **53,039**.
- If price fails to sustain and shows weakness, wait for retracement back to **52,381** for possible re-entry opportunities.
Flat Opening:
If Bank Nifty opens near the Opening Resistance at 52,381, it signals indecision, and price may move sideways (Yellow Trend) before providing direction.
- A breakout above 52,381 can trigger a move toward the Resistance for Sideways Trade (52,647), while a breakdown below 52,205 (previous close) could drag prices back toward the Wave C Completion Zone at 52,068 - 51,903.
- Action Plan:
- Avoid trading immediately after the open. Let price break above **52,381** for bullish trades, targeting **52,647**.
- A breakdown below **52,205** could signal short opportunities with targets at **52,068** and **51,903**.
- Manage risk by placing stops based on an hourly candle close above/below these levels.
Gap Down Opening (200+ points):
If Bank Nifty opens near or below the Wave C Completion Zone (52,068 - 51,903), it signals bearish momentum.
- Look for signs of support formation in this zone, as prices could take a reversal from here (Green Trend).
- Failure to hold 51,903 could lead to further downside towards the critical support at 51,418 (red trend).
- Action Plan:
- Look for long opportunities if Bank Nifty holds above **51,903** with confirmation (hourly close), targeting a bounce back to **52,205** and then **52,381**.
- If price decisively breaks below **51,903**, consider short trades toward **51,418**, with a strict stop loss above **52,068**.
Risk Management Tips for Options Traders :
Use spreads like Bull Call Spreads for bullish moves or Bear Put Spreads for downside moves to limit risks in volatile openings.
Avoid trading during the first 15-30 minutes if opening is erratic or near key levels like the Wave C zone. Let the price stabilize.
Always place stop losses on an hourly candle close basis for better risk management.
Avoid over-leveraging; focus on maintaining a favorable risk-reward ratio (minimum 1:2).
Summary and Conclusion:
Bank Nifty remains at a crucial juncture near the Wave C Completion Zone.
Key Levels to Watch:
Upside: 52,381, 52,647, 53,039
Downside: 52,205, 52,068, 51,903, and 51,418
Yellow Trend reflects sideways price action, Green Trend signals bullish reversals, and Red Trend highlights bearish continuation.
Focus on price action near key levels, and avoid trading in uncertain zones.
Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders should conduct their analysis or consult a financial advisor before making decisions.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/12/2024)Today will be gap down opening expected in banknifty. After opening it will take support at the level of 52550. Expected reversal from this level. Upside 52950-53000 zone will act as a resistance for banknifty. Below 52450 level strong downside rally expected in banknifty upto 52050 level.
BANKNIFTY : Trading levels and plan for 18-Dec-2024Trading Plan for Bank Nifty – 18th December 2024
The chart for 17th December 2024 outlined key levels like the **Golden Retracement Zone (₹52,581 - ₹52,998)**, deep retracement at ₹51,868-₹52,074, and potential resistance levels like ₹53,225 and ₹53,519. The plan predicted consolidation within the golden zone and a potential breakout. On 17th December, Bank Nifty respected the yellow highlighted zone (sideways trend) but showed weakness at intraday resistance. Buyers failed to take control, indicating the market might revisit lower retracement zones.
Now, let's discuss the detailed trading plan for 18th December based on potential opening scenarios.
---
Trading Plan for 18th December 2024
Key Levels for the Day:
Support Zone: ₹52,581 - ₹52,789 (Golden Retracement Zone)
Resistance Levels: ₹53,225 (Intraday Resistance), ₹53,519 (Resistance for New Highs)
Deep Retracement Zone: ₹52,074 - ₹51,868 (113%-127% Fibonacci)
Yellow Trend indicates sideways consolidation, Green Trend shows bullish movements, and Red Trend highlights bearish trends.
---
1. Gap-Up Opening (+200 Points or More Above ₹52,998)
- If Bank Nifty opens above ₹52,998, it enters the upper band of the **Golden Retracement Zone**.
- Immediate focus will be on **₹53,225** (Intraday Resistance).
- A bullish breakout above ₹53,225 may lead to a quick move toward **₹53,519** (Resistance for New Highs).
Plan of Action:
Look for bullish price action confirmation (green candles, strong volumes) near ₹52,998-₹53,225.
Place a buy trade above ₹53,225 for targets of ₹53,519, with a stop loss at ₹52,900.
If resistance at ₹53,225 holds and bearish candles appear, plan short trades below ₹53,000 targeting ₹52,789-₹52,581 (lower retracement zone).
Tips: Avoid chasing trades during the first 15 minutes; wait for clear price action confirmation around resistance zones.
---
2. Flat Opening (Near ₹52,789 - ₹52,998)
- A flat opening within the **Golden Retracement Zone** suggests potential sideways consolidation.
- Buyers will likely attempt to defend the zone between ₹52,789-₹52,581.
Plan of Action:
Observe price behavior within the range. If support holds above ₹52,789, consider a buy trade above ₹52,998 with targets at ₹53,225 and ₹53,519.
If price breaks below ₹52,581, shift focus to the **Deep Retracement Zone (₹52,074-₹51,868)**. Plan a short trade targeting ₹52,074 with a stop loss at ₹52,800.
Tips: For options traders, use **strangle or straddle strategies** to capture sideways volatility if price stays within the golden retracement range.
---
3. Gap-Down Opening (-200 Points or Below ₹52,581)
- A gap-down opening below ₹52,581 will indicate bearish pressure.
- Price is likely to test the **Deep Retracement Zone (₹52,074 - ₹51,868)**, a potential reversal area for Wave C.
Plan of Action:
Wait for price to enter the deep retracement zone. Look for bullish reversal patterns (e.g., hammer, bullish engulfing) near ₹52,074-₹51,868 before initiating a buy trade targeting ₹52,581 .
If price fails to hold ₹51,868, plan short trades targeting ₹51,500 with a stop loss at ₹52,200.
For aggressive traders, sell on breakdowns below ₹52,581 for quick intraday moves toward the deep retracement zone.
Tips: In case of a gap-down, avoid panic trades. Wait for price to stabilize and confirm levels before entering positions.
---
Risk Management Tips for Options Trading:
Avoid over-leveraging; allocate no more than 2% of capital per trade.
Use hedging strategies like bull call spreads or bear put spreads to limit risks during volatile sessions.
Always place stop-loss orders for both futures and options trades.
Avoid trading options with low liquidity to minimize slippage.
---
Summary and Conclusion:
- For 18th December 2024, the **Golden Retracement Zone (₹52,789 - ₹52,998)** is the key area to watch. A breakout above ₹53,225 can trigger a bullish rally, while a breakdown below ₹52,581 may lead to further bearishness toward the deep retracement zone.
- Sideways consolidation is expected if the price remains within the golden retracement range.
- Focus on price action signals and risk management to navigate the session effectively.
Disclaimer: I am not a SEBI-registered analyst. The views expressed here are for educational purposes only. Please consult your financial advisor before making trading decisions.