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Sreekanta

Bank Nifty - Short

Short
NIFTY BANK (NSE:BANKNIFTY)  
Sreekanta  
NSE:BANKNIFTY   NIFTY BANK
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Looks like Bank Nifty is heading towards 18800 levels! Experts please comment
Comment: Almost close to target of 18800. If it breaks this level then we can see BNF moving down to 18333. But I expect this to retrace after reaching 18800...
Trade closed: target reached: Today low is 18802.35 so far. Can close the position.
Comment: Today's low : 18,793.05
Completely Achieved!

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Sreekanta
Bank Nifty - Short

Comments

Sreekanta
on the way to meet the target of 18800!
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GaneshPaudel Sreekanta
@Sreekanta, can i go long here??
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Sreekanta GaneshPaudel
@GaneshPaudel, Now it should retrace and wouldn't recommend to go against the trend unless its clear if trend is reversing. Rather wait and take position once the move is clear.
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Sreekanta GaneshPaudel
@GaneshPaudel, If BNF breaks 18800 level then you can take short position till 18333. But it is too early to predict if its going to break this level or bounce back!
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AMBRISH
Follow Red zic zac line?
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Sreekanta AMBRISH
@AMBRISH, Yes
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AMBRISH Sreekanta
@Sreekanta, Thanks,
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Sreekanta AMBRISH
@AMBRISH, Please note it may not retrace back till mid of the channel instead of top of the channel.
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AMBRISH Sreekanta
@Sreekanta, O K.
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Sreekanta
It has reached first point and now lets see how its going to move...
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