TraderRahulPal

Buy Banknifty BTST

Long
NSE:BANKNIFTY   Nifty Bank Index
Banknifty is tradibg in a channel and it has taken support in lower range in the current channel chances are high this can go towards 40000+ levels in 2 days, MACD also supporting and giving bullish crossover all this indicating a reversal from this level in Banknifty. so if anyone wants to go long from this level can go with current price 39477 and keep stop loss at 38900 and go for targets above 40000/40200/40300+...Chances are high we can achieve 40000 today only but still this is btst trade so if it is not happening today then wait till tomorrow.

For option lover:-

Buy Banknifty mar 39600 CE now running 251 and keep stop loss at 125 and go for targets 365/400/475+

Please trade in less qty and follow strict stop loss, market are very volatile now a days.

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Comment:
market has came down but still our stop loss is not got triggered so trade is still active. This is also a good time to enter but use proper stop loss as anything can happen, market is on support zone.
Comment:
wowowowowowo First target has done bank nifty have made high 40050, we have eaten almost 600 points in it..use trailing stop loss for next target.
Comment:
Come on Darling.....all Target done banknifty made high 40500+,,,,hope everyone have made good profits.

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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