Nifty Bank Short
Dear Friends,
I have plotted Nifty Bank in daily time frame. Here , it is clearly observed that Nifty Bank is under sliding parallel channel. Yesterday, Nifty Bank is about to cross sliding parallel channel. However, today; bear market is seen.
Anybody can take fresh short position with Nifty Bank Index based on own risk tolerance. However, one should square off his/her position as and when Nifty Bank crosses sliding parallel channel from its above.
Thank you very much for reading my article.
I have plotted Nifty Bank in daily time frame. Here , it is clearly observed that Nifty Bank is under sliding parallel channel. Yesterday, Nifty Bank is about to cross sliding parallel channel. However, today; bear market is seen.
Anybody can take fresh short position with Nifty Bank Index based on own risk tolerance. However, one should square off his/her position as and when Nifty Bank crosses sliding parallel channel from its above.
Thank you very much for reading my article.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.