Nifty Bank IndexShort
BANKNIFTY | short for next week
Updated
Strategy : Support and Resistance ( Supply and Demand).
Reason : Risk-Reward is favourable.
Risk = 131 point
Reward = 1223 point
Observation : Expecting reversal of current bullish week in next week.
Entry : 40512.15
Resistances / Stoploss : 40643.60
Supports / Targets : 40118.55 , 39710.95 , 39287.70 .
For next expiry .
Reason : Risk-Reward is favourable.
Risk = 131 point
Reward = 1223 point
Observation : Expecting reversal of current bullish week in next week.
Entry : 40512.15
Resistances / Stoploss : 40643.60
Supports / Targets : 40118.55 , 39710.95 , 39287.70 .
For next expiry .
Note
trail SL on first target 40118
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