Day Trading Journal - Value Zones

#1
Hi,

The trades are based on levels where I expect demand supply imbalance may occur. They can act as support/resistance levels.

Here is a nifty chart marked with some levels for today.

 
#5
Tata Steel - Bias Down,

Levels - 456 - 457, 451-452

451 - 452 is the crucial level, if it holds, then it may trade rangebound for a few days between 450 and 478
 
#8
Nifty poked a bit above 5192, still bias remanis down

It remained around the level for too much time, which meanse acceptance of that level. If sellers were dominant at that level it would not have spent much time there. Seeing what is expected not happening is another opportunity. Later it traded upward. Under such situations closing trades at break even or for a small loss.
 

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