BankNifty-06/01/2023-Levels

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BankNifty-06/01/2023-Levels

IMPORTENT ZONE FOR THE DAY : 42738 - 42760


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 H_R and SELL with the Rejection of H_R.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of H_S and SELL with the Rejection of H_S.

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

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