PNB - Fire with Cypher @157- I turned upside- Did you!

Last Price@160

PNB on fire with the cypher right at the bottom@157 where we booked partial profits yesterday in 2nd downside target.
Target -164 - 176+

Trading Plan
Moving above 158.50 -159 it will show its way for upside & we got an opportunity back again with volatile action close to 157-158 just within last hour of trading protecting 156 on downside.

We are in the trade with zero risk.


Previous Update - Bearish Bat below 161 to 159-156

Trade active:

14:37 Hrs 2nd Aug2017

Last Price@160.40

We got re- entry again @158.10 - PNB holded the zone of 157-158.

Trade active:

15:11 Hrs 2nd Aug2017

Last Price@159.35

Holding 157-158 is good sign for upside but kindly do not become emotional with stocks & we assume that in case it goes below 157 - exit the trade in sonic speed & monitor to re-enter later.

Trade active:

08:11 Hrs 3rd Aug2017

Last Price@159

As suggested should not keep visiting 157-158 so many times else it is prone to breach that level downside & we need to pack the bags & visit again later or if it holds the zone then good for upside.

Trade closed manually:

09:35 Hrs 3rd Aug2017

Last Price@155

Out in time between 157-158 as suggested. Banking Stocks are in pressure for the opening session.

Comment:

10:01 Hrs 3rd Aug2017

Last Price@153.10

Falling Hard PNB!

Trade active:

12:16 Hrs 3rd Aug2017

Nifty Index looks weak below 10020-10030 zone can attempt 40-50 odd points downside for 9980-9990 zone downside if slips.

Comment:

14:02 Hrs 3rd Aug2017

Last Price@151

Day Low@150

Cracks Hard for the day.

It is just a comment -long position was closed in morning between 157-158 .

Comment:

15:28 Hrs 3rd Aug2017

148-149 long awaited zone from earlier post - finally visited today.