Market-Thalaivaa

Banknifty - Caution to Longs

NSE:BANKNIFTY   NIFTY BANK
Banknifty has given a deep shark harmonic reversal. However, the speed of movement in the last leg was strong, hence shorting is not advisable.
Hedging or unwinding longs can be done.
A test of gap near 35300 can happen in next couple of days.

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Trade closed: target reached

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