BankNifty Short !! - Possible 38% Retr.

May 4, 2020

BANKNIFTY Short !!

Favour's :

1. 38% Fib Retracement
2. BNF week than nifty (Nifty gone upto 50%)
3. Corona Issue ~ No Cure YET !!
4. No periodic stimulus yet.

Against :

1. Govt can announce Stimulus.
2. May consolidate ~ Sideways/RangeBound
3. Corona Issue ~ Vaccine Good news - Can StopOut you.

Trading Tips :

1. Don't go naked in Selling.
2. VIX rising - Prefer to Buy Option vs Sell.
3. High Volatility - BE CALM :) [ Rome not build in a day ]

May 5, 2020

Trade active

Opened position at @20100

ON 5 MAY

May 13, 2020

Trade closed manually

Indian Government announced Stimulus.

#Manually closing Trade

May 18, 2020

Trade active

Market Rejected the Package

Trade Active