ChartMantra

BankNifty Intraday view for 11-08-2021

NSE:BANKNIFTY   NIFTY BANK
Good evening all,

Today was a bad day at the office. Had a stop after a very long time. The market was mostly in range a slipped drastically after activating our 'long' entry. While it did offer us, is 100 points, Apologies for the final target not being met.
For tomorrow, the day will be as tricky as today and we need to be careful. The market is in a range between 36300 and 35650. And for us to trade intraday, levels have been marked but the momentum will be missing. It will only happen when the range gets broken.

Long side view:
Buy above 36100
Target 1 - 36160
Target 2 zone 36285 - 36320
above this, trail your SL (and pray this happens)
(Long SL - 36000)
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Short side view:
Sell below 35860
Target 1 zone 35780 - 35760
Target 2 zone 35700 - 35655
below this, trail your SL
(Short SL - 36000)

*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Trade closed: target reached: Good morning.... 1st target on both sides met.... Enjoy
Comment: Second target met on the short side

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