ChartMantra

BankNifty Intraday view for 05-08-2021

Long
NSE:BANKNIFTY   NIFTY BANK
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.
Comment: 1st Target on the short side achieved
Comment: trail your SL at cost after this
Trade closed: target reached

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