Boult2100

BankNifty - Spectacular rally! Target achieved.

NSE:BANKNIFTY   NIFTY BANK
Posted 4 or 5 days ago when BankNifty was at 18300 -350 that it has given a buy signal & will race towards 19250-19300. What a ride, almost 1000 points locked in that too in 7 trading sessions. Now should take a breather and consolidate in 18900-19300 range but watch out for weekly closing above 19300-19350 then jump on board as it will rally further to 19750 & then 20500.
Comment: High possibility of profit booking here at 19275 levels ahead of BN weekly options expiry and big banks' results tomorrow. Tactical Short at 19272 Fut, Stop Loss 19310.
Comment: Short worked 100 points fall in a flash. Wait for more, now weak hands are being taken out. Hypothesis of consolidation in 18900-19300 seems to be good for next few days.
Comment: Kudos! 120 points booked on the short side.
Comment: Be careful on the short side, BankNifty uptrend is very strong.
Comment: Dream trade! started from 18300-50 went exactly in the zone 19200-300. Now coming back from there. Amazing! Thoroughly, enjoyed the ride.
Comment: Dream trade! started from 18300-50 went exactly in the zone 19200-300. Now coming back from there. Amazing! Thoroughly, enjoyed the ride.