BankNifty : Sharks & Flags in Muddy Waters !

BankNifty analysis is going to be real simple one. Bearish Flag formation, so what an ideal bearish flag will do ?! Breakout to downside. There are few things we need to take note here. The first one being the Bearish flag ( which I didn't enter yesterday) so if the shark is working then it will move up a little bit and today being expiry day, if a double side move happens it will be great.

So first half of the day, I'm assuming the targets of sharks to be achieved and later by the day channel & Bearish flag comes into play with breakout, so being expiry day in Banknifty some movements within 100-150 points on either side will be nice or to be honest I'm expecting these.

Few option traders believe they can make money in single expiry day, No it won't work that way. So never go All-in as if you are playing poker, Plan n trade carefully !
Comment: Missed 19000 by 0.85 points :D
Great work Insider B.. Moving exactly as per your chart !!!!
InsiderB ShanTrader
Thanks Shan..Let the breakout be real instead of false one !
Very much on track as of now !!!
InsiderB ShanTrader
Yeh.. looks like we are gonna have a good day :)
Yes Sirji, was a rewarding day for sure. At this juncture do you feel there is some more room for a downside ?
InsiderB ShanTrader
19050 - 19100's, No wonder if we kiss 19k's once. Whether its swift strike or slow bleed is the question now !
Thank You !!!
Vvvv nice analysis u always help me in trade decisions daily I watch ur graphs I love ur work great keep going......
InsiderB VimalVashisth
Thanks for those really kind words Vimal. Am happy that you like the content I share, looks like BankNifty decided to stay within the channel
Thanks, it will be double sided move.
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