Short

Updated

Bank Nifty :: Looking for Short Entry

We reach near profit booking area from previous analysis. It also showing continue uptrend but need to wait for bullish confirmation (Support 1 or support 2).

If you still wanna follow bullish movement, wait at support 1 or trend line support 2 and aim for new target 26367-26667

Currently i am looking for near term retracement, once confirm will short. Short entry 25580-25715-26067 & target support 1 (25202) or support 2 (24500).

Banknifty Support and Resistance Levels:
R1 R2 R3 R4 R5 R6 R7 R8
25695 25766 25881 25996 26067 26181 26367 26482

S1 S2 S3 S4 S5 S6 S7 S8
25466 25395 25280 25165 25094 24979 24794 24679

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Nifty Support & Resistance levels:
R1 R2 R3 R4 R5 R6 R7 R8
10461 10475 10497 10520 10533 10555 10591 10614

S1 S2 S3 S4 S5 S6 S7 S8
10417 10403 10381 10359 10345 10323 10287 10265

Previous analysis:

Bank Nifty Channel Break Up & Go long with limited risk

Cheers!

Note

Alert: use sl for long position 25580

Trade active

short trade active 25600-620

bn put 9 nov 25100 cmp 31 sl 20 tgt 60-100

Note

note: partially short, don't go for full..due to time consuming possibilities. once sure shot confirmation will update.

Trade active

Bn short 25620-630

Put 25

Note

Bn put 9 nov 25100 support and resistance levels:

R1 R2 R3 R4 R5 R6 R7 R8
62 71 87 103 113 129 155 129
S1 S2 S3
30 20 4

good entry 22-30 sl 20/16

Note

be alert both case buy or short...mostly short will happens..

Note

revise stop loss banknifty at cost to cost target 25340-200

put banknifty 25100 stop loss revise at 30-34

Note

Put 25100 revise sl triggere, made day high 57which is near 1st tgt 60

Note

bn spot revise sl @ 25560-580.

once bn break 25380-385 this call will confirm short. n next put option may active 24800 or 25100..risk taker continue.

Note

Be ready for fast activity next ..

here risk taker take monthly or this expiry put 25100 (9 nov @12-13 cmp 12.5 tgt will double++ sl 6)

Note

bn nifty first profit book and continue trail..as well put.just booked at 58-62

Note

revise sl 25460 for carry.

Note

first tgt 25380-385, now confirmation short..shortly will update

Note

25280done

Nifty 10350done

Trade closed: target reached

Note

Watch..till 25560-580..then it give us clear direction.

Note

if close below 25170-160 will correct 24880.

Caution: Might be serious threat is possible. Be careful.

Trade active

BN Long@25380 sl 25200 tgt 25500-25635-25715-25960

Note

near first tgt 25490 revise sl 25430

Note

revise sl 25500

Trade closed: target reached

estockmarket

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