BankNifty Intraday view for 17-01-2021
Updated
Good morning all,
Friday: A huge Gap down entry denied us 2 targets. But life is such and so is BNF.
Tomorrow: Again we are have the RSI at around 50 suggesting a move on the either side. On the long side, we wait for 38450 to see some incremental benefit and on the short side the set up suggests a move below 37940.
So;
Long side view:
Buy above 38450
Target 1 zone 38525 - 38575
TSL above this
Target 2 - 38650
(Long SL - 38365)
---------------
Short side view:
Sell below 37940
Target 1 zone 37845
TSL below this
Target 2 - 37715
Target 3 - 37585
(Short SL - 38000)
*** 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.
Friday: A huge Gap down entry denied us 2 targets. But life is such and so is BNF.
Tomorrow: Again we are have the RSI at around 50 suggesting a move on the either side. On the long side, we wait for 38450 to see some incremental benefit and on the short side the set up suggests a move below 37940.
So;
Long side view:
Buy above 38450
Target 1 zone 38525 - 38575
TSL above this
Target 2 - 38650
(Long SL - 38365)
---------------
Short side view:
Sell below 37940
Target 1 zone 37845
TSL below this
Target 2 - 37715
Target 3 - 37585
(Short SL - 38000)
*** 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.
Trade closed: target reached
Long Target 1 achieved
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