BankNifty Intraday view for 25-08-2021
Good evening all,
At 35795, we almost did manage 2 targets today and a total upside of ~370 points. Profitable day at the office. For tomorrow, I am still optimistic about being long but will do so with care. Sellers has a bad day today and will fight back tomorrow. So expect resistance in the form of a range between 35400 - 35800.
So:
Long side view:
Buy above 35805
Target 1 zone 35930 - 36100 (yes, we need to trail our SL here)
(Long SL - 35675)
---------------
Short side view:
Sell below 35430
Target 1 zone 35300 - 35245
Target 2 zone 35100 - 35070
Target 3 - trail your SL
(Short SL - 100 points)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
At 35795, we almost did manage 2 targets today and a total upside of ~370 points. Profitable day at the office. For tomorrow, I am still optimistic about being long but will do so with care. Sellers has a bad day today and will fight back tomorrow. So expect resistance in the form of a range between 35400 - 35800.
So:
Long side view:
Buy above 35805
Target 1 zone 35930 - 36100 (yes, we need to trail our SL here)
(Long SL - 35675)
---------------
Short side view:
Sell below 35430
Target 1 zone 35300 - 35245
Target 2 zone 35100 - 35070
Target 3 - trail your SL
(Short SL - 100 points)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.