BANKNifty Trade Plan for 26th October
After giving breakout on 19th October at 24208, BN future is now consolidating for last 5 days. It might be accumulation or distribution before next move. Here are trade Plans for 26th October.
1. Short BN below 24425 for target of 24208 with SL 24550
2. If Market gives gap up, and could not hold 24800, That is a good shorting opportunity with SL of 24900 for target 24550.
3. Go long aggressively if market sustains above 24900 for a good upmove positional.
4. Go short aggressively if market sustains below 24208 for a good dwonmove positional.
1. Short BN below 24425 for target of 24208 with SL 24550
2. If Market gives gap up, and could not hold 24800, That is a good shorting opportunity with SL of 24900 for target 24550.
3. Go long aggressively if market sustains above 24900 for a good upmove positional.
4. Go short aggressively if market sustains below 24208 for a good dwonmove positional.
Trade active:
Plan 1 worked well. once broke 24425, low till now 24227. Lets see how it goes.
Trade active:
Plan 4 now active. 1st Target 23900, SL 24250
Comment:
Target Achieved at 23900. Now trail Aggressively for target of 23600
Trade closed: target reached:
TSL Hit. Exit