Analysis on Bank Nifty - Good short (Distribution Phase)
Updated
Today I entered short in BankNifty MarFUT @ 37400
stop loss as yesterday day's high in marfut
Target 36400
black and red line are two key support level in between these level strong support zone
break down of the red line and retest will lead good fall till 32000
it will turn banknifty in to the bearish territory
otherwise it will get support in the 35500 level and will lead to hit next high
carefully trade with the mentioned level
stop loss as yesterday day's high in marfut
Target 36400
black and red line are two key support level in between these level strong support zone
break down of the red line and retest will lead good fall till 32000
it will turn banknifty in to the bearish territory
otherwise it will get support in the 35500 level and will lead to hit next high
carefully trade with the mentioned level
Note
hit very close to the target, exit the positionenter once red line break
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