BankNifty Intraday view for 08-10-2021

Good evening all,

Today: If there is something lesser than nothing, that was today. Stuck within a range of 275 points when the 14 day ATR is of 550 at this point in time. So something gotta give.... When? Let's see.

Tomorrow: We shall not leave our hope and trade what we see. And we potentially see an upward movement ONLY if 38100 is breached. However, we will enter after 38265 for a 100 - 300 point move. Down south..... Nothing till 37400-350.

So;
Long side view:
Buy above 38265
Target 1 - 38365
TSL above this
Target 2 - 38565
(Long SL - 38100)
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Short side view:
No clear levels till 37350... Below that, 37150, 37000 & 36865.

*** This is a view and not necessarily a trade recommendation ***
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