Intraday Bank Nifty 1:4.5 RR Shorting Trade 27th June 2024
As per Ichimoku, Bank Nifty has turned bearish, and we see good opportunity in shorting with small Stop loss.
Entry - 52906
Stop Loss - 53050
Target: 52260
Entry - 52906
Stop Loss - 53050
Target: 52260
Trade active:
Our Sell Entry triggered at 52906.
Comment:
Time: 2:40 PM, 27th June 2024
CMP is 52827
Bank Nifty made a low of 52,690 after our entry was at 52,906. We are keeping the stop loss at cost to cost.
TSL: 52,906 (Zero Risk)
No overnight carry. We will close the position if the cost-to-cost TSL is hit.
CMP is 52827
Bank Nifty made a low of 52,690 after our entry was at 52,906. We are keeping the stop loss at cost to cost.
TSL: 52,906 (Zero Risk)
No overnight carry. We will close the position if the cost-to-cost TSL is hit.
Comment:
Cost to cost trialing stop loss hit. Price took the support from cloud and bounced back.
Comment:
If anyone still holding shorts with actual SL, can stay in the trade with updated SL of 53950(just 50-60 points risk).
Target is same 52260, safe booking near 52400 level.
Target is same 52260, safe booking near 52400 level.
Trade closed: target reached:
We are booking profit, our target has hit.
Our stop loss survived by 18 points. The high made after our entry was 53,037.
Current Market Price (CMP): 52,839
We are in a small profit. If our stop loss survives today, we are planning to carry the position overnight with a CE hedge.