Bank Nifty Short Trade with small SL
Why Shorting Bank Nifty?
Initially we expected Bank Nifty to touch 53500 but wave 5th failed by 150 points. High made 53357.
Bank Nifty is entered downtrend by breaking IChimoku TS KS in 1hour and price action levels.
CMP: 52641
Entry: 52600
Stop Loss: 52985
Target: 51675
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Initially we expected Bank Nifty to touch 53500 but wave 5th failed by 150 points. High made 53357.
Bank Nifty is entered downtrend by breaking IChimoku TS KS in 1hour and price action levels.
CMP: 52641
Entry: 52600
Stop Loss: 52985
Target: 51675
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Trade closed manually
Bank Nifty went sideways and it's trying to reverse, high chances of hitting our SL so we are closing at cost to costTrade closed: target reached
Trade closed: target reached
BN is down almost 2000 points from our entry. As per our previous weekly analysis, Bank Nifty can still go down further. Please check our other posts for details.
Disclaimer
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