Bank Nifty - Short — NIFTY BANK (NSE:BANKNIFTY) / 2017-01-19 — Sreekanta

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Short

NIFTY BANK (NSE:BANKNIFTY)

NSE:BANKNIFTY NIFTY BANK

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!

Related Ideas

about BANKNIFTY 10

on the way to meet the target of 18800!

Sreekanta

@Sreekanta, can i go long here??

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.

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!

Follow Red zic zac line?

AMBRISH

@AMBRISH, Yes

Sreekanta

@Sreekanta, Thanks,

AMBRISH

@AMBRISH, Please note it may not retrace back till mid of the channel instead of top of the channel.

Sreekanta

@Sreekanta, O K.

It has reached first point and now lets see how its going to move...

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