Nifty Bank IndexDiupdate BankNifty Intraday view for 02-11-2021
Good evening all,
Today: Like I mentioned, range bound market in the first session and then surged up to show optimism in the second. Normally, I wouldn't advise on carrying a position but breach on 39775 looked promising.
Tomorrow: We just may see a gap up opening at around 40K and then either a range or reverse. If it has to sustain the climb, then 40136 needs to be broken. On the south side, I carry my view from yesterday, sell only below 38750.
So;
Long side view:
Buy above 39775
Target 1 zone 40000 - 40136
TSL above this
Target 2 - 40350
Target 3 - 40585
(Long SL - 39550)
---------------
Short side view:
Sell below 38750
Short Target 1 zone 38575 - 38425
TSL below this
(Short SL - 39000)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Today: Like I mentioned, range bound market in the first session and then surged up to show optimism in the second. Normally, I wouldn't advise on carrying a position but breach on 39775 looked promising.
Tomorrow: We just may see a gap up opening at around 40K and then either a range or reverse. If it has to sustain the climb, then 40136 needs to be broken. On the south side, I carry my view from yesterday, sell only below 38750.
So;
Long side view:
Buy above 39775
Target 1 zone 40000 - 40136
TSL above this
Target 2 - 40350
Target 3 - 40585
(Long SL - 39550)
---------------
Short side view:
Sell below 38750
Short Target 1 zone 38575 - 38425
TSL below this
(Short SL - 39000)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Catatan
Long Target 1 achieved
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