ChartMantra

BankNifty Intraday view for 24-08-2021

NSE:BANKNIFTY   NIFTY BANK
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.
Trade closed: target reached

Comments

Good analysis
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ChartMantra mahendraGurjar
@mahendraGurjar, Thank you
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