When NPA's are rising, News articles screaming about bad asset quality ( we don't care about news also, lets put that aside now ) , Banknifty held its levels real Good & gave breakout yesterday, Now its time to aim for 25k's may take time with planned trial stops to avoid pullback stop hits, if you are planning for mid levels 24 k is your next target , Enjoy :)
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200 Points in single day...Wait , More will follow soon :)
Hi, would it make sense to wait for a pullback ? or good to take a long trade here with appropriate risk mgmt ?
InsiderB
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@nsi, It depends on whether you are aggressive or conservative... conservative traders only enter on pullback , but if you have proper risk, Go ahead as per your plan :)