BankNifty Intraday view for 10-11-2021
Good evening all,
Today: Like I said last evening.... It will bore us and it did. Respecting the resistance line for a very long time, only to peak out on the last candle in the 30M time frame.
Tomorrow: With RSI still at around 50, and range not broken on either side, the chart is CTRL+C, CTRL+V from yesterday. A minor adjustment to the short target 1 though.
So;
Long side view:
Buy above 40160
Target 1 zone 40350 - 40415
TSL above this
Target 2 - 40585
Target 3 zone 40830 - 40880 ( not marked on the chart due to lack of space)
(Long SL - 40000)
---------------
Short side view:
Sell below 38785
Target 1 zone 38625 - 38585
TSL below this
Target 2 zone 38500 - 38430
(Short SL - 38950)
*** 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: Like I said last evening.... It will bore us and it did. Respecting the resistance line for a very long time, only to peak out on the last candle in the 30M time frame.
Tomorrow: With RSI still at around 50, and range not broken on either side, the chart is CTRL+C, CTRL+V from yesterday. A minor adjustment to the short target 1 though.
So;
Long side view:
Buy above 40160
Target 1 zone 40350 - 40415
TSL above this
Target 2 - 40585
Target 3 zone 40830 - 40880 ( not marked on the chart due to lack of space)
(Long SL - 40000)
---------------
Short side view:
Sell below 38785
Target 1 zone 38625 - 38585
TSL below this
Target 2 zone 38500 - 38430
(Short SL - 38950)
*** 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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