BankNifty Intraday view for 18-11-2021
Good evening all,
Today: As expected and mentioned, BNF did the 38115 - 38000 at the start of play and then bored us to death. The 450 point up and down was clear Wednesday premium eating tactic, but we knew better.
Tomorrow: We are at the brink of 38000 and may see bomb explode if sustained below 37900 or a slow death if it gets stuck between 38000 and 38500. So, again, sell only after 37950 to a potential target of 37710 and then 37450. If we see a GAP DOWN, wait for 37700 to be broken and move the SL to 38000. The 'Long' side story, same from yesterday.
So;
Long side view:
Buy above 38539
Target 1 - 38750
TSL above this
Target 2 zone 38930 - 39000
Target 3 - 39115
(Long SL - 38350)
---------------
Short side view:
Sell below 37950
Target 1 - 37710
TSL below this
Target 2 zone 37455 - 37360
(Short SL - 38110)
*** 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.
Today: As expected and mentioned, BNF did the 38115 - 38000 at the start of play and then bored us to death. The 450 point up and down was clear Wednesday premium eating tactic, but we knew better.
Tomorrow: We are at the brink of 38000 and may see bomb explode if sustained below 37900 or a slow death if it gets stuck between 38000 and 38500. So, again, sell only after 37950 to a potential target of 37710 and then 37450. If we see a GAP DOWN, wait for 37700 to be broken and move the SL to 38000. The 'Long' side story, same from yesterday.
So;
Long side view:
Buy above 38539
Target 1 - 38750
TSL above this
Target 2 zone 38930 - 39000
Target 3 - 39115
(Long SL - 38350)
---------------
Short side view:
Sell below 37950
Target 1 - 37710
TSL below this
Target 2 zone 37455 - 37360
(Short SL - 38110)
*** 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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