BankNifty Intraday view for 26-08-2021
Good evening all,
Like I suggested yesterday, resistance in the form of a range between 35500 - 35900 was maintained by sellers to earn their bread. Tomorrow may not be different and we may have to resort to scraping the barrel.
So:
Long side view:
Buy above 35665
Target 1 zone 35765 - 35810
Target 2 - 35905
(Long SL - 100 points)
---------------
Short side view:
Sell below 35500
Target 1 - 35435
Target 2 zone 35335 - 35305
Target 3 - 35240
(Short SL - 100 points)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Like I suggested yesterday, resistance in the form of a range between 35500 - 35900 was maintained by sellers to earn their bread. Tomorrow may not be different and we may have to resort to scraping the barrel.
So:
Long side view:
Buy above 35665
Target 1 zone 35765 - 35810
Target 2 - 35905
(Long SL - 100 points)
---------------
Short side view:
Sell below 35500
Target 1 - 35435
Target 2 zone 35335 - 35305
Target 3 - 35240
(Short SL - 100 points)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
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