BankNifty Intraday view for 13-09-2021
Good morning all,
Thursday was a classic example of a seller trap. Showed potential upside to lure and then made it stick in a range to decay the premium. Hence levels are important and over that, entry and exit.
For tomorrow, I do not have hope until the 37000 - 36400 range breaks.
So;
Long side view:
Buy above 36925
Target 1 zone 37000 - 37025
Target 2 - 37140
Above this TSL
(Long SL - 36820)
---------------
Short side view:
Sell below 36390
Target 1 zone 36265 - 36215
Below this TSL
Target 2 zone 36151 - 36135
(Short SL -36520)
*** 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.
Thursday was a classic example of a seller trap. Showed potential upside to lure and then made it stick in a range to decay the premium. Hence levels are important and over that, entry and exit.
For tomorrow, I do not have hope until the 37000 - 36400 range breaks.
So;
Long side view:
Buy above 36925
Target 1 zone 37000 - 37025
Target 2 - 37140
Above this TSL
(Long SL - 36820)
---------------
Short side view:
Sell below 36390
Target 1 zone 36265 - 36215
Below this TSL
Target 2 zone 36151 - 36135
(Short SL -36520)
*** 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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