BankNifty Intraday view for 13-10-2021
Good evening all,
Today: The index negated our view to a certain extent, but not to a point that we could have taken an entry. Mostly in a downward range and then a climb back to the reversal point.
Tomorrow: The index is currently at a key reversal zone and I don't want to bet on a 'Long' to 38785.... It might just... The entry happens after the new ATH. On the south side, we have multiple steps where we can safely land on and the step down again. A clear stairway in that sense.
So;
Long side view:
Long Entry above 38610
Long Target 1 - 38785
TSL above this
(Long SL - 38500)
---------------
Short side view:
Sell below 38110
Short Target 1 zone 38000 - 37920
TSL below this
Target 2 - 37785
Target 3 - 37670
Target 4 - 37450
(Short SL - 38265)
*** 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: The index negated our view to a certain extent, but not to a point that we could have taken an entry. Mostly in a downward range and then a climb back to the reversal point.
Tomorrow: The index is currently at a key reversal zone and I don't want to bet on a 'Long' to 38785.... It might just... The entry happens after the new ATH. On the south side, we have multiple steps where we can safely land on and the step down again. A clear stairway in that sense.
So;
Long side view:
Long Entry above 38610
Long Target 1 - 38785
TSL above this
(Long SL - 38500)
---------------
Short side view:
Sell below 38110
Short Target 1 zone 38000 - 37920
TSL below this
Target 2 - 37785
Target 3 - 37670
Target 4 - 37450
(Short SL - 38265)
*** 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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