The Bank Nifty is currently under trading zone or going through time correction after a long rally. It broke a uptrend line and failed pullback test. If the above mentioned Demand Zone is broken and succeeds to resist Bank Nifty to go above it, then short Bank Nifty .
Profit booking can be done in the Buying Zone for short positions or longs can take a fresh position in that zone.
Trade closed: target reached:
Congratulations to those who have followed this idea wednesday. Perfectly gone through the pullback test and confirmed the fall. :)