Bank nifty may show retratcemnt for tomorrow as nifty has closed near 50sma with a positive outlook... my take would be to sell PE in the morning half... wait for a while and then start bumper shorting at higher levels
Trade closed: target reached:
Selling starts from this moment onwards....stoploss will be todays high
so far so good....going absolutely as per plan
tarhet 33500.... once reached...book everything....as it can go either way from there.....enter into tight strips from there onwards
for me the counter has reached very critical level. all big sharks have eyes now to take position for the next financial year. be it on long or short side so be carefull
i wont be trading now for next 6/7 sessions and just observing the market. lets hope we get a clear picture.