rohitladdha

BankNifty levels to watch for 31Jul2017

NSE:BANKNIFTY   NIFTY BANK
BankNifty levels to watch for 31Jul2017

Algo trading levels on derivative BANKNIFTY17AUGFUT
R1 :: 25038-25082 & Alert levels for Shorts-25126
S1 :: 24864-24820 & Alert levels for Longs-24777

Please keep on booking profits.
Happy Trading!
So sir it reached the peak near Short level of 25126. Can we go short tomorrow or it will break upside once again?
Reply
rohitladdha venkaticr
@venkaticr, Hi, Alert Level is SL price of the trades.

Buy first Sell later when Market is in Support clouds whereas vice-versa when market is in Resistance clouds.
This is already discussed in one of my previous ideas.

You may go through below visualization and explanation
Ideas Subject line:
1. Way to trade on these derived levels
2. Nifty levels to watch for 1Feb2017 _ Budget Day
3. Nifty levels to watch for 23Jan2017 _ explaining gravity of levels

Reply
venkaticr rohitladdha
@rohitladdha, Yes. I remember. thanks.
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