BANK NIFTY
Important levels for 06/09/2022.
A completely nothing day, apart from the initial 15 mins. But still then, we got one nice trade which just hit our target.
For tomorrow, although the index looks positive, I do not see a good RR as immediate seller references are close by and we can see quite a bit of rotation. Safe longs can be taken once we break and sustain above the seller reference are of 40145-40276. Intraday scalps on the long side can be done with small position sizing and trailed aggressively.
On the downside. we can short once we sustain below 39813, for targets of 39711,39570 and 39490.
A completely nothing day, apart from the initial 15 mins. But still then, we got one nice trade which just hit our target.
For tomorrow, although the index looks positive, I do not see a good RR as immediate seller references are close by and we can see quite a bit of rotation. Safe longs can be taken once we break and sustain above the seller reference are of 40145-40276. Intraday scalps on the long side can be done with small position sizing and trailed aggressively.
On the downside. we can short once we sustain below 39813, for targets of 39711,39570 and 39490.
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