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Dev_Agrawal_
May 12, 2023 11:10 PM

Bank Nifty Analysis!!! Short

Nifty Bank IndexNSE

Description

As US bank are performing worse since the '08.
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There can be very much possible it can affect indian markets too.
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First there is a Bearish Divergence on Weekly timeframe between RSI and NSE:BANKNIFTY Price.
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With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees.
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Fib Retracement level of 38.2 is around 34000.
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Anchored VWAP Which is genrally calculated from last crash in market which was '20 Crash is showing support around 32300.
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According to Theory of Mean reversion 200 EMA on weekly time frame is at 34300 and on 1Day it is at 40600.
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BankNifty is one of the main force which is the reason for the rally in NSE:NIFTY .
Comments
Rushipatel85
Thank you for your concern, but I feel confident in my ability to manage this amount of capital and take calculated risks in the market.

While it's true that trading with a big capital comes with certain risks, I believe that with careful planning and risk management, it can also lead to higher returns.

I appreciate your advice, but ultimately the decision to trade with a big capital is mine to make. I will do my due diligence and make informed choices based on my experience and knowledge of the market.

Can you elaborate on why you think the market won't be able to handle my capital? I'm open to hearing different perspectives and learning more about the potential risks involved.
Rushipatel85
sir can you please tell me when I put my stoploss and how to money management in this trade because I can't afford to lose 5%of my 500 rs. and thanks u for reply💸💵
Rushipatel85
big fan bro 💪
Dev_Agrawal_
@Rushipatel85 Follow for more!!
Rushipatel85
@Dev_Agrawal_ yes I shorting banknifty with my 500 rs portfolio if I make money I will give you 60 % of them to you
Dev_Agrawal_
@Rushipatel85 no worries bro Any type of money is accepted
Dev_Agrawal_
You should not trade with this big capital!!
Market won't be able to handle this big amount of short
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