BankNifty Intraday view for 22-09-2021
Good evening all,
Today: Expected move of 500 points after the break down of 37000 and reversed from a point where we did not expect it to. But that's BankNifty for you.
Tomorrow: Post today's reversal, the entry point was at 36865 and has crossed two PRZs. We are now at a brink and waiting for 37340 to be breached, if it does, expect a ~200 point move. However, if it does not, we may see a range between 37400 - 36900
So;
Long side view:
Buy above 37340
Target 1 - 37445
Above this TSL
Target 2 zone 37560 - 37610
(Long SL - 150 points below entry)
---------------
Short side view:
Sell below 36865
Target 1 - 36670
Below this TSL
Target 2 - 36525
(Short SL - 150 points above entry)
*** 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.
Today: Expected move of 500 points after the break down of 37000 and reversed from a point where we did not expect it to. But that's BankNifty for you.
Tomorrow: Post today's reversal, the entry point was at 36865 and has crossed two PRZs. We are now at a brink and waiting for 37340 to be breached, if it does, expect a ~200 point move. However, if it does not, we may see a range between 37400 - 36900
So;
Long side view:
Buy above 37340
Target 1 - 37445
Above this TSL
Target 2 zone 37560 - 37610
(Long SL - 150 points below entry)
---------------
Short side view:
Sell below 36865
Target 1 - 36670
Below this TSL
Target 2 - 36525
(Short SL - 150 points above entry)
*** 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.
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.