Banknifty-06/04/2023-Levels

Apr 5, 2023

Hello Traders, Welcome to SriTrader5121
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BankNifty-06/04/2023-Levels

IMPORTENT ZONE FOR THE DAY : 40883 - 40920

Possibilities of Today market open...

Possibility 1: FLAT
If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.

Possibility : GAP-UP
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.

Possibility 3: GAP-DOWN
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
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Happy Learning and Trading

Rules to fallow...

1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.

Please take the trade according to the levels marked, with Risk-Reward.

This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.

NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.

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SHORT FORM &FULL FORM
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• 0.5-> 0.5% Swing
  
• PDH-> Previous Day High
  
• PDL-> Previous Day Low
  
• PDC-> Previous Day Close
  
• PDO-> Previous Day Open
  
• PWH-> Previous Week High
  
• PWO-> Previous Week Open
  
• PWC-> Previous Week Close
  
• PWL-> Previous Week Low
  
• D_S-> Day Support
  
• D_R-> Day Resistance
  
• W_S-> Week Support
  
• W_R-> Week Resistance
  
• W_O-> Week Open
  
• W_C-> Week Close
  
• LW_O-> Last Week Open
  
• LW_C-> Last Week Close
  
• IMP -> Important
  
• R1, R2,R@3... ->Resistance-Zones
  
• S1, S2,S@3... ->Support-Zones
  
• MS -> Major Support
  
• SH -> Swing-High
  
• SL -> Swing-Low
  
• DT -> Double Top
  
• DB -> Double Bottom
  
• TT -> Triple Top
  
• TB -> Triple Bottom
  
• TF -> Time Frame
  
• BO -> Break-Out
  
• RR -> Risk-Reward
  
• SL -> Stop-Loss
  
• GAP -> The area b/w Previous Day Close and Today Open
  
• Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )