BankNifty Intraday view for 15-11-2021

Good evening all,

Friday: I had asked for us to be patient and the index tested that. Nothin to rave about and NO entry.

Tomorrow: The 'long' story again is very grim and nothing changes till 39500 is breached. With the multiday dynamic resistance line been broken out and a double bottom at ~ 38500, we may see an upward move. But nothing till 39560. On the 'short' side, we may sees some quick move if 38340 is broken down.

So;
Long side view:
Buy above 39560
Target 1 zone 39750 - 40000
TSL above this
Target 2 - 40160
(Long SL - 39315)
---------------
Short side view:
Sell below 38340
Target 1 zone 38115 - 38000
TSL below this
Target 2 - 37665
Target 3 - 37385
(Short SL - 38500)

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