Nifty Bank Index
Short
Updated

Head & Shoulder in BNF

Head and Shoulder pattern has been observed in BNF at 12:55 PM.
Trade active
50 EMA will act as an support here.
Trade closed manually
Took support of 50 EMA and bounced back towards 34000.
Note
At 50 EMA Support, Bought 34400 CE May at 310 and sold at 350. Booked 1000 Rupees profit per lot.
Note
34400 CE May reached 460 since it took support from 50 EMA.

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