BankNifty Intraday view for 21-10-2021

Good evening all,

Today: Like we predicted, the index was range bound and option sellers making merry. Nothing more to that.

Tomorrow: This however also means that the range for it move shrunk in and is only 500 points. On either side we take an entry and book profit quickly due to the phycological barriers 40000 and 39000.

So;
Long side view:
Buy above 39780
Target 1 zone 39880 - 39910
TSL above this
Target 2 - 40000
(Long SL - 39680)
---------------
Short side view:
Sell below 39290
Short Target 1 zone 39050 - 39000
TSL below this
Target 2 - 38930
Target 3 zone 38790
(Short SL - 39400)

*** This is a view and not necessarily a trade recommendation ***
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Dagangan ditutup: sasaran tercapai:

Long Target 1 achieved

Dagangan ditutup: sasaran tercapai:

Long Target 2 achieved