ChartMantra

BankNifty Intraday view for 03-01-2022

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

Last week of the year: lesser said the better. No direction and momentum that only suited an option seller.

Tomorrow: We again may see a range between 35700 and 35300 making it NOT a very good start to the year. Our entry is only above that up to 35815 with a RR of little above 1. On the short side, tooooooo much noise and nothing till below 33900 as indicated in my weekly view.

So;
Long side view:
Buy above 35700
Target 1 35815
TSL above this
Target 2 zone 35950 - 36000
(Long SL - 35600)
---------------
Short side view:
check my weekly view . Nothing for tomorrow

*** This is a view and not necessarily a trade recommendation ***
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Trade closed: target reached:
Long Target 1 achieved
Trade closed: target reached:
Long Target 2 achieved
Comment:
Target 2 on the day chart which was T3 here met
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