IF BNF crosses 48900 by Thurday, it may go upto 50700-51200 level. It may go up slow or fast. It will be a pure price movement towards up just to make everyone bullish again BUT it will reverse immediately from the levels before mid JUNE.
By any chance if market opens deep red (below 47650) then it will just bounce to go deeper next time.
By any chance if market opens deep red (below 47650) then it will just bounce to go deeper next time.
Trade active:
Short Term Bullish view still intact, now the target is 50200-50700. Only condition is that market needs to close above 47980 today and 47650 needs to be defended (1hr candle close below this level),
Trade closed: stop reached:
Now this view is negated as 47650 support breached. Now every short is Sell opportunity till 48800.