Banknifty Intraday 14 May 2021
Execute short near 32300 for a target of 300 points. Use the RSI trend line breakdown as a double confirmation tool.
Index may start to retrace at 32000 as its the strong support zone. One can quickly scalp some money by buying CE near 32000 levels. Index is bearish at the moment. We may see further downfall of another 300 points if it breaks the 32000 support level.
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Please do your own analysis before taking any trade. This view is for educational purposes only.
Index may start to retrace at 32000 as its the strong support zone. One can quickly scalp some money by buying CE near 32000 levels. Index is bearish at the moment. We may see further downfall of another 300 points if it breaks the 32000 support level.
Kindly share your valuable feedback
Please do your own analysis before taking any trade. This view is for educational purposes only.
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