BankNifty Intraday view for 12-11-2021
Good evening all,
Today: It did move and which it did want to. 350 points from our short entry levels. But that's not it. If it sustains, it will move further down. Patience is the key tomorrow.
Tomorrow: The 'long' story is very grim and nothing changes till 39500 is breached. I haven't marked levels (they stay as from yesterday) on the chart as I wanted to focus on the 'short' story.
So;
Long side view:
Buy above 39560
Target 1 zone 39756
TSL above this
Target 2 - 39860
Target 3 zone 39989 - 40000 ( not marked on the chart due to lack of space)
Target 4 - 40115
(Long SL - 49360)
---------------
Short side view:
Sell below 38345
Target 1 zone 38210 -39103
TSL below this
Target 2 zone 38000 - 37955
(Short SL - 38425)
*** 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: It did move and which it did want to. 350 points from our short entry levels. But that's not it. If it sustains, it will move further down. Patience is the key tomorrow.
Tomorrow: The 'long' story is very grim and nothing changes till 39500 is breached. I haven't marked levels (they stay as from yesterday) on the chart as I wanted to focus on the 'short' story.
So;
Long side view:
Buy above 39560
Target 1 zone 39756
TSL above this
Target 2 - 39860
Target 3 zone 39989 - 40000 ( not marked on the chart due to lack of space)
Target 4 - 40115
(Long SL - 49360)
---------------
Short side view:
Sell below 38345
Target 1 zone 38210 -39103
TSL below this
Target 2 zone 38000 - 37955
(Short SL - 38425)
*** 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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