BankNifty Intraday view for 14-10-2021
Updated
Good evening all,
Today: While I mentioned yesterday that it might just... It did.... Almost 37779 testing the another reversal point. From here the long road is ONLY above 38800 and up to 39000. Again, if it does.
Tomorrow: The index after reversing from a strong supply zone, is looking down and potentially may get stuck in 400 point range. If it breaks further down, we will see a good fall.
So;
Long side view:
Long Entry above 38800
Long Target 1 - 39000
TSL above this
(Long SL - 38600)
---------------
Short side view:
Sell below 38100
Short Target 1 zone 38000 - 37920
TSL below this
Target 2 - 37785
Target 3 - 37670
(Short SL - 38265)
*** 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: While I mentioned yesterday that it might just... It did.... Almost 37779 testing the another reversal point. From here the long road is ONLY above 38800 and up to 39000. Again, if it does.
Tomorrow: The index after reversing from a strong supply zone, is looking down and potentially may get stuck in 400 point range. If it breaks further down, we will see a good fall.
So;
Long side view:
Long Entry above 38800
Long Target 1 - 39000
TSL above this
(Long SL - 38600)
---------------
Short side view:
Sell below 38100
Short Target 1 zone 38000 - 37920
TSL below this
Target 2 - 37785
Target 3 - 37670
(Short SL - 38265)
*** 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.
Note
Long Target 1 achievedTrade closed: target reached
Hope you made some good money today
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