ChartMantra

BankNifty Intraday view for 22-10-2021

ChartMantra Updated   
NSE:BANKNIFTY   Nifty Bank Index
Good evening all,

Today: Christmas came early this year and late in the day. 400 points from our entry and hit all our daily and weekly targets.

Tomorrow: This also means that the index is at a strong reversal point. If it has to move up, 40300 needs to be breached for it to go to 40450. South side, we will wait for the 40000 to be broken down till up to 39900 and then take an entry.

So;
Long side view:
Buy above 40310
Target 1 zone 40450
TSL above this
(Long SL - 40200)
---------------
Short side view:
Sell below 39900
Short Target 1 zone 39775 - 39700
TSL below this
Target 2 - 39520
(Short SL - 40000)

*** This is a view and not necessarily a trade recommendation ***
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Trade closed: target reached:
Long Target 1 achieved
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