BankNifty Intraday view for 02-12-2021
Good evening all,
Today: The down side move negated and was in a range that it has mostly been in since the last 2 days. A range as large as 800 points. It however did make us meet our 1st target on the long side.
Tomorrow: I think it will be boring expiry for the range it can be in. Above 36510 and 35710 is when we get to make some money unless we scalp. But with an ATR of 200, any scalping will only eat up the time decay. And we need to be careful.
So;
Long side view:
Buy above 36510
Target 1 - 36630
TSL above this
Target 2 36770
(Long SL - 36360)
---------------
Short side view:
Sell below 35710
Target 1 - 35530
TSL below this
Target 2 zone 35380 - 35330
(Short SL - 35900)
*** 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 down side move negated and was in a range that it has mostly been in since the last 2 days. A range as large as 800 points. It however did make us meet our 1st target on the long side.
Tomorrow: I think it will be boring expiry for the range it can be in. Above 36510 and 35710 is when we get to make some money unless we scalp. But with an ATR of 200, any scalping will only eat up the time decay. And we need to be careful.
So;
Long side view:
Buy above 36510
Target 1 - 36630
TSL above this
Target 2 36770
(Long SL - 36360)
---------------
Short side view:
Sell below 35710
Target 1 - 35530
TSL below this
Target 2 zone 35380 - 35330
(Short SL - 35900)
*** 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.
Dagangan ditutup: sasaran tercapai:
Both targets met
