Huge RR in Bank Nifty Shorting!

Jun 25

We can go short in BN positionally with very small Stop Loss.

Jun 25

Note

Downside move will be choppy and slow, so option selling with edge or Future short with edge is best option.

Jun 26

Note

It looks like the Indian market is opening flat. We will hold Bank Nifty shorts until the 15-minute candle closes above 52,800.

The risk-to-reward ratio is good, so we are taking a little extra risk to avoid fake spikes near our SL.

Jun 26

Note

Time: 11:17 AM, 26th June 2024

Current Market Price (CMP): 52,719

Bank Nifty is still choppy as we expected. We can add more lots in CE selling/Future with the same stop loss of 52,800.

Jun 26

Trade closed: stop reached

Stop Loss hit 52800, We are closing our positions.