Parjun

Bank Nifty Short !!!

Short
NSE:BANKNIFTY   NIFTY BANK
Short Bn at between 20950-20850 with a sl at 21053 for target 20496 and lower. Time frame for this trade is really short. Within the next 2 trading days i am expecting this trade to hit either target or SL. Trade will activate tomorrow at market open.


Before some wise guy calls this an against trend trade or says that it is wrong analysis please remember that this is a counter trend contrarian sell with a very tight stop loss and awesome risk to reward ratio. Not to mention if you view my previous idea's that i have caught a large portion of the upmove in BN already.
Trade active
Comment: Trail Stop loss to 20700. That way we lock in a profit of atleast 150 points and hold for further targets of 20400 and 20200.

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