Banknifty-08/03/2022-Levels

8 Mar 2022

Hello Traders,
Banknifty-08/03/2022-Levels
----------------------------------------
If Market Opens as a-

GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)

FLAT: Support of IMP (BUY) – Rejection of S1 (SELL)

GAP-DOWN: Support of PDL (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 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
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
IMP -> Important
R1, R2,R@3... ->Resistance-Zones
S1, S2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> 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 )