Bank Nifty - 01/02/2024 - LevelsHello Traders, Welcome to SriTrader5121
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Bank Nifty - 01/02/2024 - Levels
IMPORTENT ZONE FOR THE DAY: 45870 – 45897
Important Support and Resistance for the Day...
Support - Resistance -
Support-1: 45900 Resistance-1: 46120
Support-2: 45677 Resistance-2: 46180
Support-3: 45518 Resistance-3: 46370
Support-4: 45200 Resistance-4: 46600
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Happy Learning and Trading – TST5121
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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SHORT FORM &FULL FORM
0.5 -> 0.5% Swing
PDH -> Previous Day High
PDL -> Previous Day Low
PDC -> Previous Day Close
PDO -> Previous Day Open
PWH -> Previous Week High
PWO -> Previous Week Open
PWC -> Previous Week Close
PWL -> Previous Week Low
D_S -> Day Support
D_R -> Day Resistance
W_S -> Week Support
W_R -> Week Resistance
W_O -> Week Open
W_C -> Week Close
LW_O -> Last Week Open
LW_C -> Last Week Close
IMP -> Important
R@1, R@2, R@3... -> Resistance-Zones
S@1, S@2, S@3... -> Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
