BankNifty Intraday view for 22-07-2021
Updated
Good evening all,
Tuesday again was a gap down opening of 150 points and gave us an entry at the short side level to meet all three targets in just about an hour and a half.
For tomorrow, I am basing a long view because the index is in a reversal zone on the daily as well as the hourly chart. Hence 34350 to 34675 remains a non-tradable zone
If it climbs north;
Long side view:
Buy above 34675
Target 1 zone - 34850 to 34900
Target 2 - 35000
Target 3 - 35125
(Long SL - 34575)
On the other side though (be very careful);
Short Side view:
Sell below 34265
Target 1 - 34150
Target 2 - 33930
Below this..... Well, let's just hope it does and we ride a wave.
(Short SL - 34350)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Tuesday again was a gap down opening of 150 points and gave us an entry at the short side level to meet all three targets in just about an hour and a half.
For tomorrow, I am basing a long view because the index is in a reversal zone on the daily as well as the hourly chart. Hence 34350 to 34675 remains a non-tradable zone
If it climbs north;
Long side view:
Buy above 34675
Target 1 zone - 34850 to 34900
Target 2 - 35000
Target 3 - 35125
(Long SL - 34575)
On the other side though (be very careful);
Short Side view:
Sell below 34265
Target 1 - 34150
Target 2 - 33930
Below this..... Well, let's just hope it does and we ride a wave.
(Short SL - 34350)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Trade closed: target reached
Long and short (from long target)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.