BankNifty Intraday view for 24-09-2021
Good evening all,
Today: BNF did a number on us and opened with a huge gap up. Invalidating our entry and target on the long side. However, if you did take an entry on the pullback and the original entry point as SL you would have made some good money.
Tomorrow: Today's climb from 37300 and close at 37800 puts us in a tricky situation. We are based at one of the reversal levels and may see a turnaround. If it does, we wait for 37325 to make an entry. However, for the climb to continue, we need the 38000 mark to be breached. Only after that will we see the earlier and a new ATH.
So;
Long side view:
Buy above 38000
Target 1 zone 38110 - 38150
Above this TSL
(Long SL - 37830)
---------------
Short side view:
Sell below 37325
Target 1 - 37185
Below this TSL
Target 2 zone 37065 - 37000
Target 3 - 36885
(Short SL - 37460)
*** 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: BNF did a number on us and opened with a huge gap up. Invalidating our entry and target on the long side. However, if you did take an entry on the pullback and the original entry point as SL you would have made some good money.
Tomorrow: Today's climb from 37300 and close at 37800 puts us in a tricky situation. We are based at one of the reversal levels and may see a turnaround. If it does, we wait for 37325 to make an entry. However, for the climb to continue, we need the 38000 mark to be breached. Only after that will we see the earlier and a new ATH.
So;
Long side view:
Buy above 38000
Target 1 zone 38110 - 38150
Above this TSL
(Long SL - 37830)
---------------
Short side view:
Sell below 37325
Target 1 - 37185
Below this TSL
Target 2 zone 37065 - 37000
Target 3 - 36885
(Short SL - 37460)
*** 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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