STtraderr

BankNifty at demand zone

Long
NSE:BANKNIFTY   NIFTY BANK
BankNifty is nearing demand zone of
30850-30900
I expect a bounce from here till 32000
Currently market is very volatile so better you mix your
strategy as well, with my view
SL will be big at 30500 but still I feel it has potential to move till 32000-32200
Comment: Bought Feb Future at 31000 when spot at 30850
lets see
Trade active: Today booked half lots at 31250
Thats gain of 250 points
Comment: Update:
Booked more at 31500 today
Profit: 10000 per lot
(BNF Feb, buy was at 31000 when spot at 30850)
Trade closed: stop reached: Trailing SL of 31000 in Feb series reached and i exited

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.