ChartMantra

BankNifty Intraday view for 27-09-2021

ChartMantra Updated   
NSE:BANKNIFTY   Nifty Bank Index
Good evening all,

Friday: Again BNF did a number on us and opened with a huge gap up and then snuck into a range.

Tomorrow: For us to have traction, we need the 38000 - 38110 mark to be comfortable breached in the north and 37525 in the south. Till then we'll pick all the crumbs we can.

So;
Long side view:
Buy above 38000
Target 1 zone 38110 - 38150
Above this TSL
Long Target 2 - 38330
(Long SL - 37875)
---------------
Short side view:
Sell below 37525
Target 1 zone 37330 - 37200 (pretty huge) start TSL after 37330
Target 2 zone 37060 - 37000
(Short SL - 37675)

** Also remember, NO SLM FROM TOMORROW **

*** 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.
Comment:
Target 2 reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.