vaibhavworld89

Post RBI Event Expected Movement On Short Side.

Short
NSE:BANKNIFTY   NIFTY BANK
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2
BANKNIFTY is consolidating on Upper Side, with Resistance facing for 3rd Time, Volumes are Low and momentum is not picking on Upside Yet !
If Post-RBI Policy event, this Upside Momentum doesn't occur & failure of Ascending Triangle Breakout, BANKNIFTY may immediately correct if Rising Trendline is broken.

Expected Price movement on downside is Projected at 23336-23232-23089-22975.
Stoploss 23640 !
Comment: Setup Active Only below 23336 on Spot !
Comment: Buy BANKNIFTY 23300 PE, 08-06-17 Expiry, above Rs.77.
Stoploss: 48.
Target: 302.
For this Setup.!
Comment: Now this Level is the decisive point for BANKNIFTY .

Comments

hi sir i want to learn heikin ashi system .may u plz help me in
Reply
thecsgs sandy
@sandy, go through the link "https://www.luckscout.com/what-is-heikin-ashi-and-how-to-trade-with-it/"
with patience....
Reply
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