6 Sep Bank Nifty Support & Resistance Levels Marked

5 ก.ย. 2021

Important support & Resistance levels marked for Bank Nifty .
Kindly use these levels only as Entry & Exit when market trades near these levels and is taking support or facing resistance.

Trading Strategies for Monday
Note: BN closed below CPR.
1. In case of Gap-Up opening focus on R1 or Friday's High to find short opportunity
2. In case of flat opening, Any Resistance from Pivot then go short, Target S1.
3. In case of flat opening, Above Pivot i.e. taking support of Pivot then Long, Target R1.
4. In case of Gap-Down & support of S1 then long. Target Pivot & R1.

Trade with the trend only. Don't go against trend. Remember, "Trend is your friend, until it bends".

6 ก.ย. 2021

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

1. 1st 5 min candle closed below CPR , it created short opportunity till S1 zone marked yesterday.
2. 2nd short opportunity created based on FIB Retracement, If you apply FIB from day's high till low created at yellow line. You will notice retracement was from exactly at 0.5 level. 0.618 & 0.5 are the major retracement levels you can use for 2nd opportunity.