rrithe9

BANKNIFTY SHORT

Short
rrithe9 Updated   
NSE:BANKNIFTY   Nifty Bank Index
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.
Comment:
took PE on 21 JUNE
Comment:
First target of FIb level done, SL will be just above my buying point
Comment:
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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