BANKNIFTY : Trading levels and Plan for 20-Nov-2025

📊 BANKNIFTY TRADING PLAN — 20 NOV 2025

(Chart Basis: 15-min | Latest Close: 59,207.95)

Key Levels from Chart:

🔶 No Trade Zone: 59,151 – 59,292
🟥 Last Intraday Resistance / Profit Booking Zone: 59,517 – 59,620
🟩 Opening Support: 58,959
🟩 Last Intraday Support: 58,811
🟩 Important Swing Support for Trend Reversal: 58,616 – 58,528

These zones will govern direction and risk for the day.

🟢 SCENARIO 1 — GAP UP OPENING (200+ points)

Expected Opening Range: 59,400 – 59,500

A gap-up opening close to the Profit Booking Zone (59,517 – 59,620) is sensitive and prone to reversals.
Here’s the plan:

1. If BankNifty sustains above 59,620 →
    🚀 Strong bullish continuation
    🎯 Targets → 59,750 → 59,880 → 60,020
    (Only valid if breakout candle closes above zone with volume.)
   
   
2. If price rejects from 59,517–59,620 →
    Possible selling pressure →
    📉 Targets → 59,380 → 59,292
   
   
3. Break below 59,292 after a gap-up is a weakness signal →
    📉 Short Targets →
    59,151 → 58,959
   
   
4. Avoid buying at open — wait for confirmation (retest or structure formation).
   

📘 Educational Tip:
Gap-up directly into resistance is a classic trap area where institutions distribute their positions.
Wait for the market to prove strength.

🟧 SCENARIO 2 — FLAT OPENING (Between 59,150 – 59,250)

A flat open places price inside the No Trade Zone (59,151 – 59,292).
This zone generally creates sideways, confusing price action.

1. Avoid trading inside the No-Trade Zone.
    Reason: weak momentum, high noise, easy SL hunts.
   
   
2. Bullish Only if price sustains above 59,292 →
    🎯 Targets → 59,380 → 59,517 → 59,620
   
   
3. Bearish Only if price sustains below 59,151 →
    📉 Targets → 58,959 → 58,811
   
   
4. Best entries occur ONLY after zone break + retest.
   

📘 Why No-Trade Zone?
This zone is a price balancing area.
Market enters “indecision mode” — avoid low-quality setups.

🔻 SCENARIO 3 — GAP DOWN OPENING (200+ points)

Expected Opening Range: 58,800 – 58,950

Gap-down brings market closer to multiple strong support zones.

1. If price takes support at 58,959 →
    Possible bounce setup →
    🎯 Targets →
    59,151 → 59,292
   
   
2. If price breaks 58,959 and sustains below it →
    Next support = 58,811
    Break below 58,811 gives →
    📉 Targets →
    58,700 → 58,616
   
   
3. If price enters the major support zone (58,616 – 58,528) →
    Expect a high-probability reversal setup
    (Strong buyers usually defend this region)
   
    If reversal forms →
    🎯 Upside Targets →
    58,811 → 58,959 → 59,151
   
   
4. If 58,528 breaks →
    Market turns weak
    📉 Downside Targets →
    58,420 → 58,300
   

📘 Educational Note:
Major supports often produce the strongest reversal trades —
But only after confirmation such as wicks, higher low, or bullish engulfing.

💼 OPTIONS TRADING RISK MANAGEMENT — MUST FOLLOW 💡

1. []Avoid trading the first 3–5 minutes after open.
   []Use 20–30% SL for option buying.
   []Buy options ONLY near key zones to get better RR.
   []Avoid far OTM options — they decay faster near expiry.
   []Never average a losing position.
   []Book partial profits at +30–40%.
   
2. If 2 SLs hit → Stop trading for the day.
   

⚠️ Pro Tip:
Trading is not about catching every move —
It’s about protecting capital and taking only the “best” setups.

📌 SUMMARY

Bullish Above → 59,292
Targets → 59,380 → 59,517 → 59,620

Bearish Below → 59,151
Targets → 58,959 → 58,811

Major Trend Reversal Zone (Strong Demand):** 58,616 – 58,528**
Major Supply / Profit Booking Zone:** 59,517 – 59,620**
No Trade Zone:** 59,151 – 59,292**

🧾 CONCLUSION

The market sits right below a critical supply zone and just above strong supports.
Directional clarity will come only after breaking the No Trade Zone.
Your best trades come from:

✔️ Breakouts above 59,292
✔️ Rejections from 59,517–59,620
✔️ Reversal setups near 58,616–58,528

Stay disciplined, wait for confirmation, and follow your zones.

⚠️ DISCLAIMER

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