krish9892

TL Broken on 1hr Time Frame - BN moving towards 29580-600 leves?

Short
NSE:BANKNIFTY   NIFTY BANK
BN Seems to have peaked and we should see a small downward move tomorrow towards 28580-600 levels. Ideal situation would be BN opening flat or 50-80 points up and once its done with re-testing of today's breakdown on TL, we can short it once we see a negative candle of 5 mins for targets of 28580-600 levels. There has been good PUT unwinding at 29k levels today hinting that a fall is coming. Since tomorrow is expiry we can expect a sideways to bearish day, action should happen in 2nd half of day. Not Interested to buy BN at these levels.

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