Nifty Bank IndexUpdated BankNifty Intraday view for 24-08-2021
Good morning all,
Yesterday our long view was nullified by the huge gap up opening. However, we did find a short move to reach the first target. For today, the market will possibly be in a range of 400 points between 34800 and 35400. If we do get a long move, it will really be some good money.
So:
Long side view:
Buy above 35430
Target 1 - 35610
Target 2 - 35810
Target 3 zone 35970 - 36000
Target 4 - 36100
(Long SL - 35240)
---------------
Short side view:
Sell below 34815
Target 1 - 34715
Target 2 zone 34585 - 34530
Target 3 - 34445
(Short SL - 34950)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Yesterday our long view was nullified by the huge gap up opening. However, we did find a short move to reach the first target. For today, the market will possibly be in a range of 400 points between 34800 and 35400. If we do get a long move, it will really be some good money.
So:
Long side view:
Buy above 35430
Target 1 - 35610
Target 2 - 35810
Target 3 zone 35970 - 36000
Target 4 - 36100
(Long SL - 35240)
---------------
Short side view:
Sell below 34815
Target 1 - 34715
Target 2 zone 34585 - 34530
Target 3 - 34445
(Short SL - 34950)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Trade closed: target reached
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.