Nifty Bank IndexLong
BankNifty Intraday view for 02-08-2021
Good evening all,
Friday was non-tradable unless you were scalping and stuck between the SL zone we had marked. For tomorrow, since we have been seeing higher lows and 34750 being tested multiple times, long is a good possibility;
Long side view:
Buy above 34780
Target 1 zone 34840 - 34850
Target 2 zone 34940 - 34950
Target 3 zone 35050 - 35200
Between this zone and above, trail your SL
(Long SL - 34650)
---------------
Short side view:
Sell below 34440
Target 1 - 34350
Target 2 zone 34220 - 34180
Target 3 - 34120
(Short SL - 34550)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Friday was non-tradable unless you were scalping and stuck between the SL zone we had marked. For tomorrow, since we have been seeing higher lows and 34750 being tested multiple times, long is a good possibility;
Long side view:
Buy above 34780
Target 1 zone 34840 - 34850
Target 2 zone 34940 - 34950
Target 3 zone 35050 - 35200
Between this zone and above, trail your SL
(Long SL - 34650)
---------------
Short side view:
Sell below 34440
Target 1 - 34350
Target 2 zone 34220 - 34180
Target 3 - 34120
(Short SL - 34550)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
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