Banknifty (Flying Opposite to the wind - Negative)

Sell on the Rise
"Need a trigger to sell off- Coming soon."

Market is looking positive to everyone as it is making new highs. I will like to share my personal view:
Detached to the economy market is looking to trap retail players with dramatic upmove. (Hint: Confusing OI data)

On Monday expecting a Gap Down Opening,
Create a short position below 35200 of course with Hedge. It will reduce upside risk and prevent you from stoploss hunting.

To make fresh Upside move BN needs to cross 35800 Levels with some positive News around. Option Buyers should trade with limited quantity as premium eating is going on by big players from last 2 weeks.

Sell Below: 35200
Buy Above: 35800

Looking for 34400 level in next few days. Just a view with some analysis. Trade will be executed as per moves and on time Chart and OI analysis.

Maybe I am wrong, View is based on current situation. Trade like Chameleon (Change the colours according to situation).

Like if you Like.
Trade active
Trade active: Got a Good Move of 500+ points in very short time. Looking for more points with Trailing Exit on Positive Move.
Trade closed: target reached: Target Achieved 34400. Like if You Like. Read the logic I gave and analyse the move came from levels mentioned.
Like if You Like.


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.