Nifty-13/09/2022-Levels

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Nifty-13/09/2022-Levels

Possibility 1:

If market opens as a FLAT and move to UP then BUY with the Support of PDH and SELL with the Rejection of PDH.

(or)

If market opens as a FLAT and move to DOWN then BUY with the Support of PDL and SELL with the Rejection of PDL.


Possibility 2:

If market opens as a GAP-UP and move to UP-Side then BUY with the Support of PDH and SELL with the Rejection of R1.

(or)

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


Possibility 3:

If market opens as a GAP-DOWN and move to UP then BUY with the Support of PDL and SELL with the Rejection of PDL.

(or)

If market opens as a GAP-DOWN and move to DOWN then BUY with the Support of S1 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

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  • 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

  • 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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