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natarajanshankar

Banknifty Intraday 14 May 2021

Short
Nifty Bank Index (NSE:BANKNIFTY)  
natarajanshankar  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis bankniftytrend BANKNIFTY bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading
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trendanalysis chartpattern waveanalysis bankniftytrend banknifty bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading
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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