Bank Nifty 07-06-2024 AnalysisHello Traders, Welcome to SriTrader5121
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Overall view for the day.
Buy - with support of PDH
Sell - with rejection of PDL
Major Support - Around 480##
Major Resistance - Around 505##
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
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Rules to fallow...
1) Wait for conformation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
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Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purpose and a helping hand to learn trading in live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone.
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Baniknifty
Bank Nifty Trade Plan for 13 JAN 2022Bank Nifty Trade Plan for 13 JAN 2022
Bank Nifty bullish streak is still on, expect a gap up opening around 38900-39000 levels.
After a gap up opening, need to wait for the price action in first 15 min before initiating any trade. Unless it sustains above 39k no long opportunity.
39000/39100 are key resistances to watch out , any resistance around those we can possibly short and can expect 38850/38800.
A very narrow CPR in Bank Nifty today.