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.
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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.
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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.
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Kudos! 120 points booked on the short side.
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Be careful on the short side, BankNifty uptrend is very strong.
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Dream trade! started from 18300-50 went exactly in the zone 19200-300. Now coming back from there. Amazing! Thoroughly, enjoyed the ride.
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Dream trade! started from 18300-50 went exactly in the zone 19200-300. Now coming back from there. Amazing! Thoroughly, enjoyed the ride.
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venkaticr
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yes. every month 1-2 lakhs average loss. If you consider the profit also then it will be more.
venkaticr
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What wil be the target in case of short today on BN.
Boult2100
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@venkaticr, Difficult to set the targets nevertheless downside targets are 19214, 19153, 19083 & 19026 futures. trail your SL by 30-40 points and ride the downtrend if it comes.
venkaticr
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@Boult2100, Amazing. By the time you send the message and I saw BN 19220
Boult2100
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@venkaticr, ha ha..yes but I recommended short half an hour ago.
venkaticr
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@Boult2100, Yes. Your last 3-4 calls on BN are very good. Keep it up.
Boult2100
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@venkaticr, Thanks! analysis is one part, need a bit of luck also. :-)
venkaticr
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@Boult2100, Yes. Of course. The same is not my favour and incurred loss of Rs.80 lakhs during 5 years.