BankNifty Intraday view for 03-11-2021
Good evening all,
Today: While the market did not open up with a gap, our 1st long target was achieved very quickly (well just 11 points shy) only to pull back and then achieve it again. After that, as predicted, a range of around 300 points. Why? well Tuesday behaved like Wednesday because tomorrow is expiry and the previous day is mostly premium eating day for the sellers.
Tomorrow: So what doe we do? We wait. On the 'Long' side, for 40140 to be breached and on the 'short' side, below 39525. Between this range we will just waste our time.
So;
Long side view:
Buy above 40140
Target 1 zone 40350 - 40415
TSL above this
Target 2 - 40600
Target 3 - 40880
(Long SL - 40000)
---------------
Short side view:
Sell below 39525
Target 1 - 39300
TSL below this
Target 2 - 393185
(Short SL - 39775)
*** 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: While the market did not open up with a gap, our 1st long target was achieved very quickly (well just 11 points shy) only to pull back and then achieve it again. After that, as predicted, a range of around 300 points. Why? well Tuesday behaved like Wednesday because tomorrow is expiry and the previous day is mostly premium eating day for the sellers.
Tomorrow: So what doe we do? We wait. On the 'Long' side, for 40140 to be breached and on the 'short' side, below 39525. Between this range we will just waste our time.
So;
Long side view:
Buy above 40140
Target 1 zone 40350 - 40415
TSL above this
Target 2 - 40600
Target 3 - 40880
(Long SL - 40000)
---------------
Short side view:
Sell below 39525
Target 1 - 39300
TSL below this
Target 2 - 393185
(Short SL - 39775)
*** 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.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.