BANK NIFTY
Important levels for 22/09/2022.
The index is currently inside the buyer reference zone of 40948-41057 and the seller reference zone of 41469-41563. So unless we break either side we can mainly look for scalping opportunities as per intraday data.
Longs above the mentioned seller reference still looks a bit dicey and we can look to take longs with less quantity for target of 41750 and 41850. Will be trading this only if we get a RR of more than 1:2, else give it a miss.
On the short side, once we break today's low, we can set targets at 40571,40310 and final target should be the old buyer reference of 40020-40100.
The index is currently inside the buyer reference zone of 40948-41057 and the seller reference zone of 41469-41563. So unless we break either side we can mainly look for scalping opportunities as per intraday data.
Longs above the mentioned seller reference still looks a bit dicey and we can look to take longs with less quantity for target of 41750 and 41850. Will be trading this only if we get a RR of more than 1:2, else give it a miss.
On the short side, once we break today's low, we can set targets at 40571,40310 and final target should be the old buyer reference of 40020-40100.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.