BankNifty Intraday view for 08-10-2021
Good evening all,
Today: If there is something lesser than nothing, that was today. Stuck within a range of 275 points when the 14 day ATR is of 550 at this point in time. So something gotta give.... When? Let's see.
Tomorrow: We shall not leave our hope and trade what we see. And we potentially see an upward movement ONLY if 38100 is breached. However, we will enter after 38265 for a 100 - 300 point move. Down south..... Nothing till 37400-350.
So;
Long side view:
Buy above 38265
Target 1 - 38365
TSL above this
Target 2 - 38565
(Long SL - 38100)
---------------
Short side view:
No clear levels till 37350... Below that, 37150, 37000 & 36865.
*** 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: If there is something lesser than nothing, that was today. Stuck within a range of 275 points when the 14 day ATR is of 550 at this point in time. So something gotta give.... When? Let's see.
Tomorrow: We shall not leave our hope and trade what we see. And we potentially see an upward movement ONLY if 38100 is breached. However, we will enter after 38265 for a 100 - 300 point move. Down south..... Nothing till 37400-350.
So;
Long side view:
Buy above 38265
Target 1 - 38365
TSL above this
Target 2 - 38565
(Long SL - 38100)
---------------
Short side view:
No clear levels till 37350... Below that, 37150, 37000 & 36865.
*** 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.
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