Bank nifty possible levels for 16/10/2020

Opened near yesterday's close only, went up to take resistance exactly at my upper level, then gave major down move.

For 16/10/2020, keep below levels on radar.

Comments

Post a Comment

Popular posts from this blog

Banknifty Levels for 22/06/2020

Image
As we talked in previous post, about 19/06/2020 levels, BN (Bank Nifty) gave 4 good R:R trades at our upper levels. As shown below, let's go to lower time frame as our upper level touched in hourly time frame. Above trade was for breakout traders, as we talked in previous blog and 1:1.5 & 1:2 both targets achieved. Retracemnt traders should wait for our price to come to our level again after breakout, which price did in below picture. Price again came to our level and made hammer; activating retracement trade after price close above our level, which happened after 1 candle and 1:1.5 achieved.   When again price came to our level and broke it, so breakout traders could short below candle and 1:2 achieved again. Retravement traders also got entry after 2 upside candles failed to break their previous candles' highs. 1:1.5 achieved for retracement short seller traders. So overall 4 trades were generated and...
Read more

Mistakes of Novice Traders in Stock Market

       Hello all. Welcome to my 1st blog.                  I want to share mistakes done as beginner in stock market's field. It's a lucrative field after all as you all know.                   So the first thing comes to most people's mind about Stock Market is, it's a betting game. I would like to refuse that. It's not like if you have money in your trading account, you lose all your money. It totally depends on you that with how much money you want to trade. One is you can trade with only your money and the other is broker gives you margin money on your account balance on which you can trade.                   As I have seen, initially; if you call it a beginners luck or what; people make some money😃. And then they become greedy and decides to trade with margins. Brokers generally gives 5 to 10 times margin over your accoun...
Read more

Things to know as beginner in stock market trading

            Hello friends! Welcome back again!             Hope you liked my previous blog on mistakes done by beginner traders in stock market trading. In this blog we will discuss about how we can save ourselves from committing these mistakes. If you haven't read my first blog, I would suggest to go and check that first by clicking on this link, " Mistakes of Novice Traders in Stock Market ", and then read current blog.                      So, first of all I would like to suggest that trade with your capital only . Brokers will provide you 5 to 10 times margin, but I would suggest not to use that. It might give you good return sometimes but you might end up in big loss ultimately, which might reduce your confidence, which is not good thing in your initial phase. So don't hurry to make profits. First focus o...
Read more