BankNifty Intraday view for 14-01-2021
Good morning all and Happy Makar Sankranti,
Yesterday: We made 2 targets n then the market went in range. Not exactly a volatile expiry.
Today: Again we have a decent setup offering us a potential trade on both sides. The RSI hovering around 50 is also a good indicator of that. Another possibility is the range between 38250 and 38550 that may stick itself.
So;
Long side view:
Buy above 38580
Target 1 - 38660
TSL above this
Target 2 zone 38790 - 38800
Target 3 - 38850
(Long SL - 38500)
---------------
Short side view:
Sell below 38400
Target 1 zone 38275 - 38210
TSL below this
Target 2 - 38125
Target 3 zone 38030 - 38000
(Short SL - 38500)
*** 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.
Yesterday: We made 2 targets n then the market went in range. Not exactly a volatile expiry.
Today: Again we have a decent setup offering us a potential trade on both sides. The RSI hovering around 50 is also a good indicator of that. Another possibility is the range between 38250 and 38550 that may stick itself.
So;
Long side view:
Buy above 38580
Target 1 - 38660
TSL above this
Target 2 zone 38790 - 38800
Target 3 - 38850
(Long SL - 38500)
---------------
Short side view:
Sell below 38400
Target 1 zone 38275 - 38210
TSL below this
Target 2 - 38125
Target 3 zone 38030 - 38000
(Short SL - 38500)
*** 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.
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