Will Bank Nifty follow the Nifty way to fill the existing GAP ? Short

Nifty Bank IndexNSE

Description

⋅ Jan 14, 2017 7:34 AM

Will Bank Nifty follow the Nifty way to fill the existing GAP ? If yes, then bear will takeover the Bank Nifty also.

Trade:
Short below = 18797
Target 1 = 18709
Target 2 = 18552
Target 3 = 18440
Stop Loss = 19002

Reward Points = 540
Risk Points = 205

Order cancelled

⋅ Jan 24, 2017 9:49 AM

Comments

avibandal

⋅ Jan 15, 2017 8:34 AM

BN, hard 2 breach 19000 level @ closing basis..

venkaticr

⋅ Jan 14, 2017 10:04 AM

can we go short if market opens positively on Monday morning but below 19000? 18976 touched thrice. Closed 18946. Your views please.

raj3elite

⋅ Jan 14, 2017 4:40 PM

@venkaticr, please wait until to touch 18797 level for short. i hope, it will break on coming days.

VadivalPranchi

⋅ Jan 14, 2017 6:57 PM

@raj3elite,

At current market scenario I also think nifty can break the resistance zone.

raj3elite

⋅ Jan 15, 2017 3:27 PM

@ajayww2, me too had the thought but last two days movement was not good. I feel, Retracement may happen on this time and fill the gap.