BANKNIFTY - SHORT TRADE FOR HUGE PROFIT

Sep 23

Symbol - BANKNIFTY

BANKNIFTY is currently trading at 53920

I'm seeing a trading opportunity on sell side.

Shorting BANKNIFTY Futures at CMP 53920

I will be adding more position if 54400 comes & will hold with SL 54720

Targets I'm expecting are 52800 - 51800 - 51100 & below.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

Sep 24

Trade active

CMP 54067

Short position active.

Sep 27

Trade active

Added more quantity at 54400
Avg sell price now is 54160
Holding with SL 54720

Sep 30

Trade active

CMP 53200

960 points in profit.
Moved has started!

Oct 1

Trade closed: target reached

CMP 52850

First target almost done here. 1310 points in profit.

BN may show a retracement from here or go sideways for 1-2 days & then we may see another round of selling.

Oct 3

Trade active

CMP 52350

1810 points in profit. Holding with trailing SL.

Oct 3

Trade closed: target reached

CMP 51748

Second target hit. 2412 points in profit.

Oct 4

Trade active

CMP 51475

2685 points in profit. Very near to last target. Holding with trailing SL.

Oct 7

Trade closed: target reached

CMP 50300

All targets hit. 3860 points in profit. Booking all short positions here.
Captured huge fall from top. That's how I trade. :)