Learner_

Bank Nifty - Next Move - ( cont.)

Short
Learner_ Updated   
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.