TradingView
ChartMantra
Nov 30, 2021 3:11 PM

BankNifty Intraday view for 01-12-2021 

Nifty Bank IndexNSE

Description

Good evening all,

Today: As expected, a tricky place to be and with rapid moves. This however creates a favourable structure for tomorrow.

Tomorrow: All in possibility the downward move should continue unless the trappers play it foul. The 'short' side move has a potential till 35000 on the current structure.

So;
Long side view:
Buy above 36250
Target 1 zone 36420 - 36450
TSL above this
Target 2 36770
(Long SL - 36000)
---------------
Short side view:
Sell below 35490
Target 1 - 35330 (if the market opens gap down, make this your entry point, but let it sustain and then make the earlier entry your SL)
TSL below this
Target 2 35140
Target 3 zone 35000 - 34950
(Short SL - 35600)

*** 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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