Risk-to-Reward Play - BANKNIFTY INTRADAY for 20NOV,19

For level on all FNO stocks check this

www.4shared.com/mobi...nJ3ikLEea/trial.html

Like always, Copy the Zone levels and trade on a 3mins time frame.

Dont be a Bull. Dont be a Bear. Be a Hare.

Check historical ideas on profile.

Trade active:

Since morning there is an offset between zones and reversals, might be sentimental impact. But trendlines are still being respected.

Can look to short near upper EX_zone (as high as possible). keep quantity low.
Can be hold as long as "NIfty" doesnt break today's high. Targets, either UZone or Lzone. Sl near upper levels of zone around 31480.

Comment:

If you have entered at any point after my update, now the price is below your entry price.

Aim for 1:1 atleast or sl hit (thats the way zone work).

Also at 1:1, you can move sl to cost. and aim for maybe LZone.

Comment:

since my update, under worse case scenario your sl would be around 70 points. And currently Niftybank is below around 70-80 point from your entry.
I would book at this point as this is not a normal way of trading the zones. also nifty is approaching upper EX_zone (might get support there).

Book 1:1 even under abnormal scenarios and enjoy...or move sl to cost+10/20 point

Trade closed: target reached

Comment:

Had anyone shorted it at reversal in the zone around 31450, with an sl at 31480. The risk was 30/35ish points and reward currently is a low after entry of 31301.
That's almost an R/R of 1:5. What more can a daytrader ask for?

Imaging doing that every single day.

Zones don't aim to get it right every time, they just give a proper R/R. Rest all is any child's play (even in case of niftybank).