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Swapilchoksi
Mar 17, 2020 5:24 PM

Bank Nifty CLosed below its Major Demand Zone Short

Nifty Bank IndexNSE

Description

Today BNF closed below it’s major and wide demand zone @ 23000-22300 and it’s not a good sign. In the 2nd half, BNF failed to sustain above this zone so I took a short position in BNF and carried this trade when I got the confirmation that it is going to close below this zone.

Demand Zones
21400-21750
Supply Zones
22300-23000

Trade active

STBT - Short @ 22800

Trade closed: target reached

Booked 100% profit @ 21400 and 22550...
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