Learner_

Bank Nifty - Next Move - ( cont.)

Short
NSE:BANKNIFTY   NIFTY BANK

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
Trade closed: target reached: What a move - in spite of global market doing well BNF still managed to come to unfilled GAP - awesome

Happy Trading

MSK
https://t.me/msk_bnf

Learning is a continuous process - 8 out of 10 trades will always teach you something new , so learn something that helps and unlearn few things to be more efficient