As mentioned already in my earlier idea (attached below) on Banknifty that if buyers has to take back the control Bank nifty has to move above 21920-930 which might stretch upside towards 22200-22300.
We booked profits in that trade and Banknifty moves similarly as expected by us and now we can clearly see that 22300-350 is acting superb support for Banknifty for couple of previous sessions.
Keeping this scenario in mind one can enter short below 21940 levels marked by dark red line for downside targets of 21650, 21410 & 21200 marked by red dotted line, keeping sl around levels of 31320-340.
If anyhow, Buyer took the charge we will be entering Long as per levels mentioned on chart.
Thanks!
Trade active
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Short Entry Triggered, keep sl around 22320-340 yesterday typo mistake 31320-340.
Trade active
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1st 100 points done. Trail from here.
Trade closed: target reached
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From 21940 to 21580 :) Target of 360 points done :) Trail Sl now