Hello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-19/10/2022-Levels IMPORTENT ZONE FOR THE DAY : 40254 - 40323
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 R2. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of S1.
Possibility 2: GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of No and SELL with the Rejection of R2. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of PDH and SELL with the Rejection of R2 or PDH.
Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of S1 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 S2 and SELL with the Rejection of PDL. _______________________ 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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