Good evening all,
Today: Expected move of 500 points after the break down of 37000 and reversed from a point where we did not expect it to. But that's BankNifty for you.
Tomorrow: Post today's reversal, the entry point was at 36865 and has crossed two PRZs. We are now at a brink and waiting for 37340 to be breached, if it does, expect a ~200 point move. However, if it does not, we may see a range between 37400 - 36900
So;
Long side view:
Buy above 37340
Target 1 - 37445
Above this TSL
Target 2 zone 37560 - 37610
(Long SL - 150 points below entry)
---------------
Short side view:
Sell below 36865
Target 1 - 36670
Below this TSL
Target 2 - 36525
(Short SL - 150 points above entry)
*** 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: Expected move of 500 points after the break down of 37000 and reversed from a point where we did not expect it to. But that's BankNifty for you.
Tomorrow: Post today's reversal, the entry point was at 36865 and has crossed two PRZs. We are now at a brink and waiting for 37340 to be breached, if it does, expect a ~200 point move. However, if it does not, we may see a range between 37400 - 36900
So;
Long side view:
Buy above 37340
Target 1 - 37445
Above this TSL
Target 2 zone 37560 - 37610
(Long SL - 150 points below entry)
---------------
Short side view:
Sell below 36865
Target 1 - 36670
Below this TSL
Target 2 - 36525
(Short SL - 150 points above entry)
*** 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.