BankNifty Intraday view for 03-08-2021
Updated
Good evening all,
Despite the mostly sideways market today, we were able to reach the first target. For tomorrow again, my view stays on being 'Long' as the trend of making higher lows continues:
Long side view:
Buy above 34860
Target 1 34940 - 34950
Target 2 zone 35050 - 35200
Long Target 3 - 35340
above this, trail your SL
(Long SL - 34750)
---------------
Short side view:
Sell below 34440
Target 1 - 34365
Target 2 zone 34255 - 34215
Target 3 - 34115
(Short SL - 34570)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Despite the mostly sideways market today, we were able to reach the first target. For tomorrow again, my view stays on being 'Long' as the trend of making higher lows continues:
Long side view:
Buy above 34860
Target 1 34940 - 34950
Target 2 zone 35050 - 35200
Long Target 3 - 35340
above this, trail your SL
(Long SL - 34750)
---------------
Short side view:
Sell below 34440
Target 1 - 34365
Target 2 zone 34255 - 34215
Target 3 - 34115
(Short SL - 34570)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Trade closed: target reached
First Target achievedTrade closed: target reached
Second target reachedNote
Entire 2nd target zone covered and reversed from there
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