Welcome to a new trading week! The 15-minute Nifty chart from Live Trading Box shows a significant structural shift. After a period of intense selling, we are seeing the first signs of base formation. monthly Expires are near, so expect heightened volatility across all indices. Let’s prepare our levels. 🚀 🕒 Previous Day Review (24-Apr-2026) Friday was a day of continued bearish dominance but ended with a crucial technical hint. ⏺ Actual Move: Nifty continued its downward slide, breaking below the 24,100 support and reaching a low of approximately 23,880. However, in the final hour, we saw a small recovery, with the index closing at 23,903.95. ⏺ Outcome: Our previous "No Trade Zone" was breached to the downside, providing a clean shorting opportunity, but the late-day bounce suggests that buyers are starting to defend the 23,800 - 23,900 demand zone. 📉 🟢 Scenario 1: Gap Up Opening (100+ Points) If Nifty opens with a gap up (above 24,000): 📍 Level to Watch: 24,039 - 24,078 (Last Intraday Resistance) ⏺ Plan of Action: A gap up will bring Nifty directly into the "Red Resistance Box." This is where the aggressive sellers from last week are sitting. ⏺ Execution: Look for a rejection at 24,078. If Nifty fails to cross this zone on the 15-minute candle, it is a high-probability shorting setup targeting the 23,965 (Opening Resistance turned Support). ⏺ Educational Note: Gap ups in a downtrend are often "Dead Cat Bounces." Unless the index sustains above 24,078 for at least 30 minutes, the bears will likely try to push it back into the range. 🟡 Scenario 2: Flat Opening If Nifty opens near the current close (23,890 - 23,920): 📍 Level to Watch: 23,965 (Opening Resistance) & 23,822 - 23,779 (Opening Support) ⏺ Plan of Action: This is a consolidation play. Nifty is currently sandwiched between a minor resistance and a major support. ⏺ Execution: ⏺ Upside: If Nifty breaks 23,965, we can look for a quick scalp toward 24,040. ⏺ Downside: If it breaks the support box at 23,779, the next logical stop is 23,619. ⏺ Educational Note: Flat openings on a Monday usually lead to range-bound movement in the first half as the market "digests" weekend news. Patience is your best friend here! ⏳ 🔴 Scenario 3: Gap Down Opening (100+ Points) If Nifty opens with a major gap down (near or below 23,800): 📍 Level to Watch: 23,619 (Last Intraday Support) ⏺ Plan of Action: A 100+ point gap down would be an "oversold" signal. We will be looking for a "V-Shape" recovery from the 23,619 level. ⏺ Execution: Do not short the gap! Wait for Nifty to touch 23,619. If a Bullish Hammer or Engulfing candle forms on the 5-minute chart, play the long side for a "Mean Reversion" back to 23,800. ⏺ Educational Note: On Expiry days (Sensex), deep gap downs often trigger "Put Writing" at lower strikes, which forces the market to bounce back as sellers cover their positions. 🛡️ 🛡️ Risk Management Tips for Options Trading ⏺ Sensex Expiry Impact: Remember that Sensex movements will be wild today. If you are trading Nifty options, keep an eye on Sensex's 78,000 level—it will act as a psychological magnet for the whole market. 🎲 ⏺ Position Sizing: Since the market is near a major bottoming zone, volatility will be high. Trade with 50% of your usual quantity until a clear trend emerges. 📉 ⏺ Stop Loss (SL) Discipline: In a falling market, a 1% move against you can erode 40% of your option premium. Never trade without a hard system SL. 🛑 ⏺ Avoid "Chasing": If you miss the entry at the level, wait for a "Pullback." Chasing a moving candle is the fastest way to lose capital. 🚶♂️ 📝 Summary & Conclusion The primary trend remains weak, but we are entering a "Value Zone" between 23,600 and 23,800. For tomorrow's session, 23,965 is the pivot. Stay above it, and the bulls might start a relief rally. Break below the 23,779 support box, and the bears will aim for 23,450. Check our past perfect levels and outcome—Just rocked! 🤘🎯 ⚠️ Disclaimer: I am not a SEBI registered analyst. This trading plan is for educational purposes only. Investing and trading in the stock market involves significant risk. Please consult a qualified financial advisor before making any investment decisions. 📢
Professional Intraday Trading Plan: NIFTY (27-Apr-2026)
