BankNifty Intraday view for 26-10-2021
Good evening all,
Today: A huge gap up opening almost nullified out entry. However the pull back provided us with an entry at an elevated level moving our SL too. And then, a comfortable 800 points. This, thanks to the support trend line respected and a huge room on top on the hourly chart.
Tomorrow: I have moved from my regular 15m / 30M time frame to the 1H for analysis and have marked out levels. From where the market currently is, it could move up to 41330, 41430 or around 41525, if it needs to reverse back. if it crosses 41700, we see a move up. And, that's where we enter.
So;
Long side view:
Buy above 41700
Target 1 zone 41820
TSL above this
Target 2 - 42000
Target 3 - 42200
(Long SL - 41580)
---------------
Short side view:
Sell below 41000
HUGE Target zone 40675 - 40500
TSL below this
(Short SL - 41300)
*** 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: A huge gap up opening almost nullified out entry. However the pull back provided us with an entry at an elevated level moving our SL too. And then, a comfortable 800 points. This, thanks to the support trend line respected and a huge room on top on the hourly chart.
Tomorrow: I have moved from my regular 15m / 30M time frame to the 1H for analysis and have marked out levels. From where the market currently is, it could move up to 41330, 41430 or around 41525, if it needs to reverse back. if it crosses 41700, we see a move up. And, that's where we enter.
So;
Long side view:
Buy above 41700
Target 1 zone 41820
TSL above this
Target 2 - 42000
Target 3 - 42200
(Long SL - 41580)
---------------
Short side view:
Sell below 41000
HUGE Target zone 40675 - 40500
TSL below this
(Short SL - 41300)
*** 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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