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Bnfnextmove

BNF - next moves (cont.)It felt fulfilling to pick BNF moves in the last two ideas in this series. please refer to the related ideas part for the same after testing the unfilled GAP zone what are the possibilities? BNF may fill the GAP as it doesn't make sense to come so close to an unfilled GAP and don't fill it. once it fills the GAP, then it would be very near to 0.618 retracement from the top and last swing low. So it makes sense that it would test that as well. The big question would be - would it reverse from there or keep going down? I don't know my trade would be to play for that it will test 32750-32800 in the coming days Even if it shows some bullish moves today or indecisive behaviour, i would still stick to the above plan although with smaller positions. Everything is usually a hypothesis till certain conditions are met. If BNF breaks yesterday's high before falling to 32750-32800 zone, this hypothesis can be taken wrong and would be exiting positions How to trade for positional traders - selling future could be a better option, or selling 33700 CE can be an option. for day traders - sell on rise can be an option Happy Trading MSK
NSE:BANKNIFTY
by msk_analysis