BankNifty Intraday view for 11-10-2021
Telah dikemas kini
Good evening all,
Friday: It was equally bad as Thursday. Stuck within a range of 375 points on a 14 day ATR is of 550. Something should give this week.
Tomorrow: Dynamic support trend line being respected is a good sign for the index move up. Again, ONLY if 38100 is breached. We will this time enter at 38120 to see 38265 and then a 100 - 300 point move. The same trend line also provides us with an opportunity to go south. From 37680 to all the way 37000.
So;
Long side view:
Buy above 38120
Long Target 1 - 38260
TSL above this
Target 2 - 38375
Target 3 - 38570
(Long SL - 37950)
---------------
Short side view:
Sell below 37680
Short Target 1 zone 37450 - 37315
TSL below this
Target 2 - 38200
(Short SL - 37850)
*** 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.
Friday: It was equally bad as Thursday. Stuck within a range of 375 points on a 14 day ATR is of 550. Something should give this week.
Tomorrow: Dynamic support trend line being respected is a good sign for the index move up. Again, ONLY if 38100 is breached. We will this time enter at 38120 to see 38265 and then a 100 - 300 point move. The same trend line also provides us with an opportunity to go south. From 37680 to all the way 37000.
So;
Long side view:
Buy above 38120
Long Target 1 - 38260
TSL above this
Target 2 - 38375
Target 3 - 38570
(Long SL - 37950)
---------------
Short side view:
Sell below 37680
Short Target 1 zone 37450 - 37315
TSL below this
Target 2 - 38200
(Short SL - 37850)
*** 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.
Nota
Long Target 1 achievedNota
Long Target 2 achieved
Penafian
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