Sreekanta
Short

Bank Nifty - Short

NSE:BANKNIFTY   NIFTY BANK
113 10 1
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!
on the way to meet the target of 18800!
Reply
GaneshPaudel Sreekanta
@Sreekanta, can i go long here??
Reply
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.
Reply
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!
Reply
Follow Red zic zac line?
Reply
Sreekanta AMBRISH
@AMBRISH, Yes
Reply
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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It has reached first point and now lets see how its going to move...
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