BankNifty Intraday view for 19-01-2021
Good evening all,
Today: What a rollercoaster ride today. 650 points up and then 850 down. This also makes tomorrow's play potentially dull being premium eating day.
Tomorrow: We may look at a range bound index. RSI too has taken support from 40 and below there has been support at 37, 35 and 33. So not much potential there and 'long' seems to be long long away. I have adjusted short for a better R:R.
So;
Long side view:
NO CLARITY AS OF NOW
---------------
Short side view:
Sell below 37845
Target 1 - 37715
TSL below this
Target 2 - 37570
(Short SL - 37925)
*** 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: What a rollercoaster ride today. 650 points up and then 850 down. This also makes tomorrow's play potentially dull being premium eating day.
Tomorrow: We may look at a range bound index. RSI too has taken support from 40 and below there has been support at 37, 35 and 33. So not much potential there and 'long' seems to be long long away. I have adjusted short for a better R:R.
So;
Long side view:
NO CLARITY AS OF NOW
---------------
Short side view:
Sell below 37845
Target 1 - 37715
TSL below this
Target 2 - 37570
(Short SL - 37925)
*** 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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