BankNifty-21/10/2022-Levels for NSE:BANKNIFTY by SriTrader5121

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Hello Traders, Welcome to SriTrader5121
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BankNifty-21/10/2022-Levels

IMPORTENT ZONE FOR THE DAY : 39987 – 40071
Possibilities of Today market open…

Possibility 1: FLAT

If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH .

(or)

If market open as a FLAT and moves to DOWN-Side then BUY with the Support of S1 and SELL with the Rejection of S1.

Possibility 2: GAP-UP

If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of RC_L.

(or)

If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of PDH and SELL with the Rejection of PDH .

Possibility 3: GAP-DOWN

If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of S1 and SELL with the Rejection of S1.

(or)

If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL .

_______________________

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 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 )



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