Banknifty Future Levels 8th June 2023

7 giu 2023

Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.

The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day


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8 giu 2023

Nota

Study the levels marked in previous charts as well and observe carefully where price opened and how it reacted when it opened in between, outside and below the thin red. blue and green lines.
Also check what happens outside the range and within the range opening.

Enough of charts posted here for one to do a back test to see price action