Nifty-07/01/2022Hello Traders,
NIFTY@07/01/2022
------------------------------
If Market Opened as a-
Gap-Up: Support of PDH (BUY) – Rejection of PDH (SELL)
Flat: Support of PDH (BUY) – Rejection of IMP (SELL)
Gap-Down: Support of IMP (BUY) – Rejection of PDL (SELL)
-------------------------------------
Happy Learning and Trading.
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 Buy and 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.
I hope you all like my analysis.
Please do share your thoughts in comment section.
Please hit a like , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH -> Previous Day High
PDL -> Previous Day Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The Area b/w Previous Day Close and Today Open
