ChartMantra

BankNifty Intraday view for 13-01-2021

ChartMantra Updated   
NSE:BANKNIFTY   Nifty Bank Index
Good evening all,

Today: I didn't post anything last evening because there was nothing new to post. Our Chart from yesterday bore fruit today.

Tomorrow: The market trading in a very narrow range of 200-250 points is very unlike BNF. Something's gotta give. May be tomorrow. For the long Position, refer to my weekly chart as well. If it sustains above 38850 then we will see 39000 - 39120. On the short side 38600 is an IMPORTANT level below we may see some steady benefit.

So;
Long side view:
Buy above 38850
Target 1 - 39000
TSL above this
Target 2 - 39120
(Long SL - 38700)
---------------
Short side view:
Sell below 38600
Target 1 - 38500
TSL below this
Target 2 - 38400
Target 3 - 38330
Target 4 - 38275
(Short SL - 38700)

*** 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:
Short Target 1 achieved
Trade closed: target reached:
Short Target 2 achieved
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