Parjun

Bank Nifty Contrarian Short !!!

Short
NSE:BANKNIFTY   NIFTY BANK
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3
Build Short Postions in Bn in the range of 22150-22300. In the current upmove i expect BN to top out at around 22300. One can go short at these levels with an sl at 22500 for target 21000 ( positional). This is a long term trade, expecting it to retrace to 21000 levels in the next 20 trading sessions.
Trade active: Bn went to our t1 in the long area. One can start building shorts today.
Comment: Held sl by a mere 8 points and then just collapsed. This is the start of a new bear run phase. Enjoy shorting finally. :)

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