there is an intraday trendline on the bottom side of nifty, if that break then bknifty should atleast show 32327 levels
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Even under worst scenario, trade must be in considerable 1:1 profits now. Observing today's momentum, Now, if Nifty takes the lead and passes below Uzone, then expect big profit. but bknifty takes the lead (of which chances are high) trail sl strictly candle to candle and look to book maximum profit
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Not for Newbie's: Anyone's who has taken this trade, go on higher time frames, do some analysis. See if this validates as a positional trade. We are at the top, also its friday (perfect time to book profit for others who bought low), there's rsi divergence on nifty (if we get red closing today). And most importantly, if it validates, you get a positional trade capable of rewarding 300-400 points who's sl was not more than 30 points. How cool is that!
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For the Newbie's trades: Once you see 1:1 on banknifty, forget nifty, trail candle to candle and look to squeeze the most out of your trades.
Trade closed: target reached
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Book at market. Spot's low of 32326.80. May fall more, may not fall more...I dont care. This level was the reach of zone analysis, considering today's momentum.
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The positional traders, do your own analysis. More than 1:2 is already on the table, now if you can make it to 1:6 or more, or book now, thats your call.