Bank Nifty - Next Move - ( cont.)

Mar 17, 2021

this is in continuation with the earlier idea

BNF today was difficult but eventually completed the target of testing 50 DMA

two possibilities now from here

• reverses from 50 DMA
  
• tries to test the unfilled GAP nearby
  

I would be taking OTM options of 33900 PE as expect a GAP down, in whichever case if it reverses or if it falls will exit the overnight positions by 9:17 AM tommorow


Happy Trading
MSK

Mar 18, 2021

Trade closed: target reached

What a move - in spite of global market doing well BNF still managed to come to unfilled GAP - awesome