NSE:BANKNIFTY   Nifty Bank Index
32442 was level to watch and 15 min candle close below it triggered short trade after the 2nd candle. I generally trade this setup for 400 to 500 points. Target will be minimum 32000. If missed wait for retracement till 32315. Otherwise, take very small quantity. I am traveling hence missed giving it. The final target would be 31950.
Comment:
Now it has retraced, short only if it closes below 32314.65 in 15 min
Comment:
See how it has respected the level of 32314.65. and boom made low of 32044 after closing below 32314.65 in 15 min. That's why waiting for retracement is important. Although the target of 32000 missed by 44 points.
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