BankNifty Intraday view for 24-01-2021
Good evening all,
Friday: One target met and then a lot of volatility in a 500 point range of 2.5X ATR.
Tomorrow: The Chart and RSI both peek out a 'long' if 55 RSI is breached and sustained. Above that not a lot room though. So trade with care. For the 'short', I again will want to wait for some more clarity.
So;
Long side view:
Buy above 37880
Target 1 zone 37960 - 38050
TSL above this
Target 2 - 38160
Target 3 - 38280
(Long SL - 38800)
---------------
Short side view:
LET US WAIT
*** 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.
Friday: One target met and then a lot of volatility in a 500 point range of 2.5X ATR.
Tomorrow: The Chart and RSI both peek out a 'long' if 55 RSI is breached and sustained. Above that not a lot room though. So trade with care. For the 'short', I again will want to wait for some more clarity.
So;
Long side view:
Buy above 37880
Target 1 zone 37960 - 38050
TSL above this
Target 2 - 38160
Target 3 - 38280
(Long SL - 38800)
---------------
Short side view:
LET US WAIT
*** 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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