NIFTY Intraday Risk/Reward play for 25NOV,19

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!

Comment:

Hoping a reversal at point shown on chart.

Comment:

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

Comment:

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.

Comment:

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)

Comment:

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

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.