Bank Nifty - Short Short

Nifty Bank IndexNSE

Description

⋅ Jan 16, 2022 3:03 PM

Bank nifty is at 0.618 fib level in 1D TF and trading above 5 EMA. Hence, it is already overbought and needs a good pullback before beginning of next upward journey. A pause before the new move. View not valid if it breaks previous week's high.

Trade active

⋅ Jan 20, 2022 5:29 PM

Low of 37650. wohoo

Comments

vedanggam

⋅ Jan 17, 2022 6:00 PM

Agreed brother . I'm also Expecting 36500 nearby 27-28 january

ex_cap

⋅ Jan 17, 2022 6:44 PM

@swdhruva, let's see where it ends

rawnjith

⋅ Jan 16, 2022 5:11 PM

Hope this work as you say bro, bought a PE of bank nifty and now it is -3K.

ex_cap

⋅ Jan 16, 2022 5:16 PM

@rawnjith, hope your risk mgmt is in place bhai