Nifty Bank ShortDear Friends,
I have plotted Nifty Bank in daily time frame. Here , it is clearly observed that Nifty Bank is under sliding parallel channel. Yesterday, Nifty Bank is about to cross sliding parallel channel. However, today; bear market is seen.
Anybody can take fresh short position with Nifty Bank Index based on own risk tolerance. However, one should square off his/her position as and when Nifty Bank crosses sliding parallel channel from its above.
Thank you very much for reading my article.
Niftybankshort
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 39500 CE and Short 38500 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 39300 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39500
if breakdown at 38800 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38500
🛑 Take Position after 11 to 11:30 AM if market still in between our range
- from 11:30 Am here afterwards volatility will starts to cool off
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
banknifty short viewview= Banknifty (nifty bank) is looking short for short term. short can be below 34220 with the sl of 34700 for the target of 33350-32700-32250.
bwloe 32000 target can be 30300-30100.
1. As we can see trendline breakdown nifty bank and also look like a double bottom breakdown.
2. we can see the bearish pinbar at the top of resistance of 35200.
3. we can see 90% body candle reakdown with high volume.
4. nifty bank downtrend channel making.
5. nifty bank break the consolidation zone.
Thanks and regards
Chazz sen
+917000725404