Dear 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...
🛑 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...
view= 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%...
