BankNifty Intraday view for 02-11-2021

1 нояб. 2021 г.

Good evening all,

Today: Like I mentioned, range bound market in the first session and then surged up to show optimism in the second. Normally, I wouldn't advise on carrying a position but breach on 39775 looked promising.

Tomorrow: We just may see a gap up opening at around 40K and then either a range or reverse. If it has to sustain the climb, then 40136 needs to be broken. On the south side, I carry my view from yesterday, sell only below 38750.

So;
Long side view:
Buy above 39775
Target 1 zone 40000 - 40136
TSL above this
Target 2 - 40350
Target 3 - 40585
(Long SL - 39550)
---------------
Short side view:
Sell below 38750
Short Target 1 zone 38575 - 38425
TSL below this
(Short SL - 39000)

*** 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.

2 нояб. 2021 г.

Заметка

Long Target 1 achieved