ChartMantra

BankNifty Intraday view for 08-11-2021

ChartMantra Updated   
NSE:BANKNIFTY   Nifty Bank Index
Good evening all,

Last Week: Hope you had a safe Diwali. Like the range index was in. Nothin more about that. Only that, it has set up very well to move either ways.

Tomorrow: We have a range of 850 points that we need wait to be broken. Above 40160 and below 39300 we should have a good move. More optimistically above 40160 which also coincides with the daily chart plot.

So;
Long side view:
Buy above 40160
Target 1 zone 40350 - 40415
TSL above this
Target 2 - 40600
Target 3 zone 40830 - 40880
(Long SL - 40000)
---------------
Short side view:
Sell below 39300
Target 1 - 39135
TSL below this
Target 2 - 39000
Target 3 - 38850
(Short SL - 39500)

*** 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.
Comment:
Short Target 1 achieved
Comment:
Short Target 2 achieved
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