ChartMantra

BankNifty Intraday view for 03-09-2021

NSE:BANKNIFTY   Nifty Bank Index
Good evening all,

Contarary to its nature, it was comparatively sideways today and within the range we had marked. it has been so for the past 2 days and has been volatile within that. For it to gain momentum, it needs to break 37000 and 36250.

So;
Long side view:
Buy above 37000
Target 1 - 37175
Above this TSL
Target 2 37315
(Long SL - 36895)
---------------
Short side view:
Sell below 36465
Target 1 - 36360
Below this TSL
Target 2 zone 36265 - 36205
Target 3 - 36140
(Short SL - 110 points)

*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.


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