Bank Nifty - 02/01/2024 - Levels

1 Oca

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Bank Nifty - 02/01/2024 - Levels
IMPORTENT ZONE FOR THE DAY: 48234 - 48250
Possibilities of Today market open...
Support - Resistance -
Support-1: 48044 Resistance-1: 48134
Support-2: 47944 Resistance-2: 48235
Support-3: 47877 Resistance-3: 48297
Support-4: 47767 Resistance-4: 48297
Big-Support: 47500 Big- Resistance: 48448
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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
[List]
* 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)