protrader1969

BANKNIFTY for 28th January

Short
NSE:BANKNIFTY   NIFTY BANK
Due to lack of time, posting this short piece. Please read this along with post on Nifty for tomorrow. Banknifty , on daily chart is on the lower edge of Bollinger band and with current situation in world and Asian markets, it might continue to be on the edge since news from China is not encouraging. So it makes sense to short sell BNF. Due to massive fall today, two selling areas got shaped up on 15 min charts. So one can take a Sell-trade there for target marked with SL.
All the best. Happy trading.

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