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Nifty Bank Index
Long

BANK NIFTY Short term Update

By churiwalvikram
Updated
Bank Nifty is looking in a impulsive structure CMP 53000 & holding 52900 it can move towards 55000 so risk reward is good for longs here as can be seen in this chart it has pulled back to reverse parallel channel & its 38.2% retracement of probable wave 3 rise this is very short term trade idea so will follow the tight SL.


Trade closed: stop reached
The trade did not played as expected & managed to exit at small hit on tuesday.
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churiwalvikram
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