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Nifty Bank Index
Short

BANKNIFTY SHORT

By rrithe9
Updated
As per my setup BN is on its resistance on 15 min. I have used FIB retrace for target & SL which are mention on chart. This is a positional trade thus I have also carried a CE OTM in case if there is any gapup or change in direction which could simply hedge my position or reduce my loss. If I end in profit I still would just pay for the premium for CE.
Note
took PE on 21 JUNE
Note
First target of FIb level done, SL will be just above my buying point
Note
Post retest I added few more lots and price has moved 150 + points in our direction, next level 43650
Trade closed manually
TRAILING SL HIT, CLOSED TRADE IN PROFIT TODAY
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rrithe9
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