NIFTY : Trading Plan and levels for 03-Sep-2025

NIFTY TRADING PLAN – 03-Sep-2025

📌 Key Levels to Watch:

Opening Support Zone: 24,486 – 24,579

Last Intraday Resistance: 24,705

Higher Resistances Above: 24,817 and 24,904

Last Intraday Support: 24,480

Buyer’s Strong Support Zone: 24,309 – 24,360

Major Lower Support: 24,308

These levels will define the intraday path. Staying disciplined around support/resistance is crucial to avoid traps.

🔼 1. Gap-Up Opening (100+ points above 24,705)

If Nifty opens with strength above the last intraday resistance, momentum could build on the upside.

📌 Plan of Action:

1. [] Sustaining above 24,705 will attract buyers targeting 24,817 – 24,904 zones.
   [] Quick profit booking may appear near 24,817, so aggressive long traders should trail stop losses.
   
2. If Nifty opens high but fails to hold above 24,705, it may slip back to retest the Opening Support Zone (24,486 – 24,579).
   

👉 Educational Note: In strong gap-ups, waiting for a pullback entry offers better risk-to-reward than chasing at open.

➖ 2. Flat Opening (Around 24,486 – 24,579)

A flat start inside the Opening Support Zone calls for patience and clarity.

📌 Plan of Action:

1. [] If Nifty sustains above 24,579, upside targets become 24,705 → 24,817.
   [] Breaking below 24,486 shifts focus to 24,480 (last intraday support) and possibly 24,360.
   
2. Avoid taking trades in the middle of the zone — wait for breakout/breakdown confirmation.
   

👉 Educational Note: Flat openings often lead to sideways action. Let market direction confirm before committing.

🔽 3. Gap-Down Opening (100+ points below 24,480)

If Nifty opens sharply lower, sellers may dominate initially.

📌 Plan of Action:

1. [] A gap-down below 24,480 will expose support at 24,309 – 24,360 (Buyer’s zone).
   [] If this support holds, expect a relief bounce back toward 24,480.
   
2. If broken, the next downside target lies near 24,308, which is critical for reversal attempts.
   

👉 Educational Note: Gap-downs tend to trigger panic selling. Avoid buying blindly — let confirmation candles validate reversal attempts.

🛡️ Risk Management Tips for Options Traders

• [] Always follow a strict stop loss — ideally on hourly close basis.
  [] Risk only 1–2% of total capital on a single trade.
  [] Book partial profits at nearby resistance/support to lock gains.
  [] Avoid over-trading in sideways moves inside the support zone.
  
• Use option spreads (Bull Call or Bear Put) to minimize theta decay.
  

📌 Summary & Conclusion

🟢 Above 24,705 → Upside targets 24,817 – 24,904.

🟧 Flat Opening → Watch 24,486 – 24,579 zone carefully, trade only on breakout/breakdown.

🔴 Below 24,480 → Weakness towards 24,309 – 24,360 and possibly 24,308.

⚠️ Key Battle Zone: 24,486 – 24,579 (Opening Support Zone).

⚠️ 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.