Sreekanta

Bank Nifty - Short

Short
NSE:BANKNIFTY   NIFTY BANK
BNF looks week and can short at current level 18800, if it retraces please wait to see and short at 18910 or 18985 levels for the target of 18512. If you are taking short position at 18910 keep SL of 19060
Comment: First target should be 18655, book partial profits @ 18655 and rest for target 18512.
Comment: As expected it retraced back till the bottom line of the channel and again going down...
Comment: Looks like its finding support at 18800...
Comment: after consolidation at this level it should move down at any time...