Nifty-05/04/2023-Levels
Hello Traders, Welcome to SriTrader5121
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Nifty-05/04/2023-Levels
IMPORTENT ZONE FOR THE DAY : 17311 - 17355
Possibilities of Today market open...
GAP-DOWN
If market open as a GAP-DOWN 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 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.
I hope you all like my analysis. Follow me to get regular updates.
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
-------------------------------
____________________________________
Nifty-05/04/2023-Levels
IMPORTENT ZONE FOR THE DAY : 17311 - 17355
Possibilities of Today market open...
GAP-DOWN
If market open as a GAP-DOWN 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 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.
I hope you all like my analysis. Follow me to get regular updates.
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
-------------------------------
- 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
- R1, R2,R@3... ->Resistance-Zones
- S1, S2,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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