bijoy2526

BANK NIFTY,NR7 day, sell it near or just above 29800.

Short
NSE:BANKNIFTY   NIFTY BANK
stop loss just above few points. near that zone center line of the channel exist and 29800 has proved to be strict resistance for it.
let us see if we can get there or not.
as sgx nifty predicting gap down opening if same condition persists tomorrow.
bank nifty had dipped twice in to the stochiastic over sold zone in hourly time frame.
in recent past but bank nifty was bought quickly in both the occasion(short sellers were trapped at that position)
this time bank nifty is likely to correct..
if bank nifty dips to oversold stochiastic just wait for proper levels to short it.
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Comments

hi sir. what can expected now as it reached your parallel channel downline. it was superb analysis from you to sell at 29800.
Reply
bijoy2526 reddysathvik1992
@reddysathvik1992, hold to short position will post later.
Reply
Yes... superb prediction.... at 29800, bought 30000 PE worked
Reply
SGX Recovered. Hopefully your shorting level will come. Atleast 29770-790
Reply
Nice Chart sir ji
Reply
@ssk108, thanks.
Reply
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