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

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