subbulearnings
Short

Banknifty Short Term Consolidation(2-3 Sessions)

NSE:BANKNIFTY   NIFTY BANK
In 4 Hour CandleStick Chart , banknifty tested resistance of 26700 and pulled back.
In 1 Day CandleStick Chart , Banknifty formed Shooting star + Doji Pattern.
This can lead to mild Consolidation for some session.

On Monday(11-06-2018) if Banknifty trades negative for 1-2 hours , then Short with target placed around near term support 26075.

If Trades Positive then don't take Short trade , before initiating long wait of 26700 Breakout for 27100 Target.
Order cancelled: Did not take trade, since initial half of day nifty traded positive.
Will Update more on banknifty later once nifty takes proper Direction.
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