BANKNIFTY : Intraday Trading levels and plan for 07-Mar-2025

📌 Key Levels to Watch:
🔴 Resistance Levels: 48,944 | 49,151-49,234
🟢 Support Levels: 48,524 | 48,217-48,257

📝 Market Context:
Bank Nifty has shown strength near 48,600, with key resistance at 48,944. A breakout beyond this can trigger further momentum toward 49,100+. On the downside, a breakdown below 48,524 can push prices lower toward 48,217.

📈 Scenario 1: Gap-Up Opening (> 48,800) 🚀

If Bank Nifty opens above 48,800, it indicates bullish momentum. A breakout above 48,944 will confirm further upside.

1. Buy above 48,944 🔼
   🎯 Target: 49,151 – 49,234
   🛑 Stop Loss: 48,800
   📝 Plan: A sustained move above 48,944 signals strength. Look for volume confirmation before entering. If momentum weakens near 49,151, consider partial profit booking.
   
   
2. Rejection at 48,944 ❌
   🔽 Sell below 48,944
   🎯 Target: 48,700 – 48,600
   🛑 Stop Loss: 49,000
   📝 Plan: If price fails to sustain above 48,944 and forms a reversal pattern, a short opportunity arises with a risk-controlled approach.
   

📉 Scenario 2: Flat Opening (48,450 – 48,650) 📊

A flat opening within 48,450 – 48,650 suggests indecision. We wait for a breakout or breakdown.

1. Buy above 48,650 🔼
   🎯 Target: 48,944
   🛑 Stop Loss: 48,500
   📝 Plan: If price holds above 48,650, it can retest 48,944. Watch for price action confirmation before entering.
   
   
2. Sell below 48,524 🔽
   🎯 Target: 48,300 – 48,217
   🛑 Stop Loss: 48,600
   📝 Plan: If price rejects 48,600-48,524, a downside move towards 48,217 is possible. Volume confirmation is key for safe entry.
   

📉 Scenario 3: Gap-Down Opening (< 48,400) ⚠️

A gap-down below 48,400 indicates weakness. Immediate support is at 48,217 – 48,257.

1. Buy near 48,217 – 48,257 🟢
   🎯 Target: 48,524
   🛑 Stop Loss: 48,150
   📝 Plan: If price stabilizes at 48,217-48,257, it could bounce back towards 48,524. Ideal for risk-managed long positions.
   
   
2. Sell below 48,217 🔽
   🎯 Target: 48,012 – 47,900
   🛑 Stop Loss: 48,300
   📝 Plan: If selling pressure increases, a breakdown below 48,217 could lead to further downside. Avoid panic selling; wait for confirmation.
   

💡 Risk Management Tips for Options Traders 🎯

✅ Time Decay Awareness: Avoid buying options too late in the session to minimize theta decay.
✅ Stop-Loss Discipline: Always set SL based on chart structure, not emotions.
✅ Position Sizing: Don’t risk more than 2% of your capital per trade.
✅ Avoid Overtrading: Stick to high-probability setups.

📌 Summary & Conclusion 📌

🔹 Bullish above 48,944 for 49,151-49,234.
🔹 Bearish below 48,217 for 48,012-47,900.
🔹 Flat open needs confirmation for direction.
🔹 Key levels to watch: 48,524 support | 48,944 resistance.

📢 Stay disciplined, trade with a plan, and manage risk wisely!

⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Do your own research or consult a financial advisor before trading. 📊📉📈