Good evening all,
Like I mentioned yesterday, not a good sign or a place to be for BankNifty traders. Nothing is indicative of a confident trade. We need to be careful and we will be... How? CLOSE of the candle is very IMPORTANT. And, we will exercise our patience.
My view for tomorrow is neutral. So;
Long side view:
Buy above 35000
Target 1 zone 35180 - 35230
Target 2 - 35345
Target 3 - 35430
--------------------
Short Side view:
Sell below 34660
Target 1 - 34560
Target 2 zone 34430 - 35360
Target 3 - trail your SL
A stop-loss of 100 points is a good idea on both entries for a RR of at least 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Like I mentioned yesterday, not a good sign or a place to be for BankNifty traders. Nothing is indicative of a confident trade. We need to be careful and we will be... How? CLOSE of the candle is very IMPORTANT. And, we will exercise our patience.
My view for tomorrow is neutral. So;
Long side view:
Buy above 35000
Target 1 zone 35180 - 35230
Target 2 - 35345
Target 3 - 35430
--------------------
Short Side view:
Sell below 34660
Target 1 - 34560
Target 2 zone 34430 - 35360
Target 3 - trail your SL
A stop-loss of 100 points is a good idea on both entries for a RR of at least 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Trade closed: target reached:
1st & 2nd target achieved on the short side
Trade closed manually:
Trailed my SL after T2 on the short side..... like I had suggested