BankNifty for comming week

By rakeshreddym
Updated
BankNifty levels for comming week with may month high and low value are high and low support and resistance drawn on chart with volumes profile look for area where high volume node or low volume node with price action for entries. For monday 44000-43900 area and 43800-43850 area are crucial to take entry long or short based on price action.

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As of now 44000 area Point of control
Trade active
44000 Rejected PE trigered
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40 Points scalped
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Trade closed: target reached
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Target reached i exited early but my idea and trade place went right

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Today Jun 20th currently banknifty at support 43500 and 43400 consolidating if breaks 43400 can short stop loss 43500 target till 43300 to 43080

43500 above sustains 43450 stop loss target 43600 to 43800
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Trade closed: target reached
43500 above stop loss held first target reached 43600 , (My second entry short at 43400 break was stoped out and first entry opening drive short profitable did not take long position above 43500)
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43500 above both targets acheived
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Jun 21st levels to trade 43800 ,43600,43400 area expecting it to trade between 43800 to 43600 area take action at mentioned at levels for good risk reward
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Gap up opening 44070 is resistance wait for direction
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Scalped 30 points on 43700PE target was 50 points but exited

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Though i exited with 30 points it gave full target of 50 points

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Todays trade 43800 Put
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50 points
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Second entry 43500 CE
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Target 1 reached closed for day 2 trdes done
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Supply and DemandSupport and ResistanceTrend Analysis
rakeshreddym

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