NIFTY Intraday Risk/Reward play for 25NOV,19

Nov 25, 2019

Hello everyone. Do check Last week's trade report on Banknifty posted on my profile.

For levels on FNO symbols, check my personally designed interface .
All levels are of cash symbols, but you can trade relatively on futures as well.

https://www.4shared.com/mobile/pnJ3ikLEea/RedTicker_trial.html

Dont be Bull, Dont be a Bear...Just be a Hare!

Nov 25, 2019

Note

Hoping a reversal at point shown on chart.

Nov 25, 2019

Note

Short, sl above zone or 11988 (near that trendline) levels

Nov 25, 2019

Note

Perfect zone reversal, I will always take, even if its against the market or momentum. Because R:R is always in one's favour and at the end of week, the zones dont make losses.

Nov 25, 2019

Note

two trendline and the zone altogether is making a mess, holding with sl at 11988 as mentioned (above the trendline). Banknifty look support (gave rejection at horizontal resistance 31261). Lets see..

almost a 1:1 shown on chart (if sl placed at 11988)

Nov 25, 2019

Note

Change sl to just above zone now. as if zones breaks now, then there wont be a double rejection to the trendline anyway (11988)

Nov 25, 2019

Trade closed: stop reached

sl hit. Banknifty is still below 31261 levels but nifty is getting bought into. Wont sustain above 11988 if banknifty doesn't cross 31261 by then.

my sl hit 4 point and under worse case since update is shouldnt be more than 6/8 points.