Nifty Bank IndexLong
BankNifty Intraday view for 05-08-2021
Updated
Good evening all,
36000 done!!! Now let's do 36500. We'll then see about 37300.
So what's in store for tomorrow? Well, with the run that we've had for the past 2 days, patterns indicating room above and importantly 36000 breached, we may see a surge. Hence my view stays bullish.
Long side view:
Buy above 36220
Target 1 zone 36425 - 36500
Target 2 zone 35050 - 35200
above this, trail your SL
(Long SL - 36000)
---------------
Short side view:
Sell below 35840
Target 1 - 35690
below this, trail your SL
(Short SL - 36000)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
36000 done!!! Now let's do 36500. We'll then see about 37300.
So what's in store for tomorrow? Well, with the run that we've had for the past 2 days, patterns indicating room above and importantly 36000 breached, we may see a surge. Hence my view stays bullish.
Long side view:
Buy above 36220
Target 1 zone 36425 - 36500
Target 2 zone 35050 - 35200
above this, trail your SL
(Long SL - 36000)
---------------
Short side view:
Sell below 35840
Target 1 - 35690
below this, trail your SL
(Short SL - 36000)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Note
1st Target on the short side achievedNote
trail your SL at cost after thisTrade closed: target reached
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