BANK NIFTY@01/02/2022-LEVELS

Jan 31, 2022

Hello Traders,

Due to Budget session-2022, I have given more levels.

BANK NIFTY01/02/2022
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If Market Opens as a-

GAP-UP: Support of PDH (BUY) – Rejection of R1 (SELL)

FLAT: Support of IMP (BUY) – Rejection of Support (SELL)

GAP-DOWN: Support of Support (BUY) – Rejection of PDL (SELL)
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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 Buy and 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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PDH-> Previous Day High
PDL-> Previous Day Low
IMP -> Important
R1, R2,R@3... ->Resistance-Zones
S1, S2,S@3... ->Support-Zones
S-H -> Swing-High
S-L -> Swing-Low
D-T -> Double Top
D-B -> Double Bottom
T-T -> Triple Top
T-B -> 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