Short Bank Nifty trading at trend line resistance.
Bank Nifty has been trading in down trend and it tested the trend line resistance and may to down from here,traders may enter short bank nifty for a target of 17000 the crucial 50% fibo level. there is stop loss just above the trend line if breakout occurs.
Trade closed: stop reached
exit short position in bank nifty, long entry as breakout ocurred.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.