BankNifty Intraday view for 10-12-2021
Good morning all,
Yesterday: Like we predicted, a very range bound market within a 600 point zone. Very unlike BNF to be that way. Especially, when the ATR is around 750. This because, a couple of things happened, 1) bounced back from the multi day support line of 36875 and 2) did not breach the PRZ level of 37275. Hence the 600 point zone
Today: We again may see a range between 37500 and 36750 and our entries are marked on either side of these.
So;
Long side view:
Buy above 37510
Target 1 zone 37790 - 37890
TSL above this
Target 2 - 38000
Target 3 - 38100
(Long SL - 37400)
---------------
Short side view:
Sell below 36775
Target zone 36655 - 36575
TSL below this
(Short SL - 36875)
*** 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.
Yesterday: Like we predicted, a very range bound market within a 600 point zone. Very unlike BNF to be that way. Especially, when the ATR is around 750. This because, a couple of things happened, 1) bounced back from the multi day support line of 36875 and 2) did not breach the PRZ level of 37275. Hence the 600 point zone
Today: We again may see a range between 37500 and 36750 and our entries are marked on either side of these.
So;
Long side view:
Buy above 37510
Target 1 zone 37790 - 37890
TSL above this
Target 2 - 38000
Target 3 - 38100
(Long SL - 37400)
---------------
Short side view:
Sell below 36775
Target zone 36655 - 36575
TSL below this
(Short SL - 36875)
*** 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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