nextgen

Short Bank Nifty trading at trend line resistance.

Short
NSE:BANKNIFTY   NIFTY BANK
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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.

Comments

You mean it will go upto 18500 next week?
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nextgen venkaticr
@venkaticr, exactly 18500 or higher,buy on retest of the support for better entry and small stop loss
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venkaticr nextgen
@nextgen, Ok. thanks. Good night.
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