- This run up amidst all the global negativity is designed to create Euphoria around banks before they get dumped.
- Need to be extremely cautious while shorting as well as while going long.
- I am expecting a tough period around here and with this volatility is expected to rise.
- Expecting this double top to play out handsomely
- With an SL at 44470, One can think of shorting banknifty for 41500 and 39500 near 44000.
- Risk management has to be done in a way it allows one to take big profit when it falls and limit upside risk.
- This could be a trade for the books.
Comment:
I think one can initiate position somewhere around here near 43850.