NIFTY : Trading levels and Plan for 04-Sep-2025

NIFTY TRADING PLAN – 04-Sep-2025

📌 Key Levels to Watch:

Opening Resistance: 24,778

Last Intraday Resistance: 24,904

Major Resistance: 24,994

Opening Support: 24,640

Last Intraday Support Zone: 24,471 – 24,517

Buyer’s Support: 24,360

These levels will guide intraday trend direction. Let’s break down scenarios.

🔼 1. Gap-Up Opening (100+ points above 24,778)

If Nifty opens above 24,778, bulls will try to push it higher towards 24,904 (Last Intraday Resistance) and eventually test 24,994 (Major Resistance).

📌 Plan of Action:

1. [] Sustaining above 24,778 can invite upside momentum. Targets: 24,904 → 24,994.
   [] Near 24,904, expect volatility as sellers may book profits.
   
2. If rejection comes from 24,904, price may fall back towards 24,778.
   

👉 Educational Note: In strong gap-ups, chasing early moves can be risky. Safer entries often come on retests of support levels.

➖ 2. Flat Opening (Around 24,640 – 24,713)

A flat start near the current zone shows balance between buyers and sellers. Price will look for a trigger from support/resistance.

📌 Plan of Action:

1. [] Holding above 24,640 (Opening Support) will keep momentum positive, opening path to 24,778 → 24,904.
   [] If it fails to hold 24,640, expect a drift towards Last Intraday Support 24,471 – 24,517.
   
2. Avoid trades in the middle zone; clarity comes only when price breaks key levels.
   

👉 Educational Note: Flat openings usually consolidate in the first 30 minutes; patience helps avoid false breakouts.

🔽 3. Gap-Down Opening (100+ points below 24,640)

If Nifty opens weak below 24,640, sellers may dominate the session.

📌 Plan of Action:

1. [] A gap-down below 24,640 will likely test the 24,471 – 24,517 zone.
   [] Breakdown below this zone could extend weakness towards 24,360 (Buyer’s Support).
   
2. If 24,360 holds, expect a technical bounce; else, further downside may unfold.
   

👉 Educational Note: In gap-downs, avoid aggressive longs unless there is a strong reversal confirmation.

🛡️ Risk Management Tips for Options Traders

• [] Always place a stop loss on hourly close basis.
  [] Risk only 1–2% of capital per trade.
  [] Use scaling out strategy (book partial profits at first target, ride balance till next).
  [] Avoid holding OTM options deep into expiry week to reduce time decay risk.
  
• Use option spreads like Bull Call or Bear Put when volatility is high.
  

📌 Summary & Conclusion

🟢 Above 24,778 → Upside towards 24,904 – 24,994.

🟧 Flat Opening → Watch 24,640 for support, 24,778 for breakout.

🔴 Below 24,640 → Weakness towards 24,471 – 24,517; next support 24,360.

⚠️ Key Decision Zone: 24,640 (Opening Support) will act as the pivot.

⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be considered investment advice. Please consult your financial advisor before trading.