Parjun
Short

Bank Nifty 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.
So far so good. Tried to make a new high and has revered from the there. If this downmove has to gather wind we should see a close below 20500 on monday(27feb) or tuesday max.
Reply
Looks like an awesome trade. I have bought puts on BN. Volatility will surge with markets falling.
Reply
high risk
Reply
@praju, how is a 100 -150 point sl in bank nifty high risk ?
Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out