Parjun

Bank Nifty Contrarian Short

Short
Parjun Updated   
NSE:BANKNIFTY   NIFTY BANK
Short Bank Nifty at 19264 ( CMP ) with sl at 19360 for target 18500 in the next 7 trading days.
Trade active: Very good risk to reward on this trade. Please use sl.
Comment: Trail SL to cost. Enjoy profits here on.
Comment: 250 Points collected as of now. Hold for target 18500.
Comment: Friday traditionally is a dual trend day. With all the selling pressure still seems like Bn and nifty havent really cracked. This is a good sign. It means that we can have quite the crack and correction in the second half of the day.
Comment: Trail Sl to 18850 in futures for bank nifty. That way even if trailing sl is hit we will capture atleast 500 points. As mention in the previous comment Bank Nifty did break down in the noon session of friday.

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