vanathi

Bank Nifty - Getting ready to break!

NSE:BANKNIFTY   NIFTY BANK
Price action is trending within the range 25500 - 25680 and consolidating. Breaking the range and 25680 will make the price to move towards 25820 and 25960. On the other hand, breaking 25500 will make the price to move towards 25360 and 25220.
Trade active: Long
Comment: 1st target done!
Trade active
Trade closed: target reached: All targets done!
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Comments

Can u ok help.me as I am on a call position of 27000 ce 18May of 11 lots cost price 35. What should I do?
Reply
theshamik rajsrinivask
@rajsrinivask, Best is to book loss. I dont think BN will reverse its momentum...it will keep going low till hits its target of fib levels around 25550
Reply
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