HUGE SELLING ON CARDS IN BANK NIFTY ? - SHORT TRADE VIEW
Symbol - BANKNIFTY
CMP 50080
BN is currently trading at a major support area which is acting as a support zone from last 7 months. This support liquidity zone has tested multiple times & there is Triple top pattern is formed. I am expecting breakdown of this support zone in near future which will trigger huge selling in bank nifty & bank nifty may correct 8-10% from current price.
Hence I am creating short positions Bank Nifty Futures at CMP around 50100
I will add more position around 50500 - 50700 area & I will add more position on breakdown of 49500 - 49400 area as well. SL I am following is above 51K.
Target I am expecting is 49600 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
CMP 50080
BN is currently trading at a major support area which is acting as a support zone from last 7 months. This support liquidity zone has tested multiple times & there is Triple top pattern is formed. I am expecting breakdown of this support zone in near future which will trigger huge selling in bank nifty & bank nifty may correct 8-10% from current price.
Hence I am creating short positions Bank Nifty Futures at CMP around 50100
I will add more position around 50500 - 50700 area & I will add more position on breakdown of 49500 - 49400 area as well. SL I am following is above 51K.
Target I am expecting is 49600 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Zlecenie aktywne
CMP 49400
Future short position in 700 points profit.
Transakcja zamknięta: osiągnięto wyznaczony cel
CMP 48000
3100 Points in profit. Booking 50% position here & rest holding with trailing SL.
Uwaga
CMP 49530
Adding more position here again.
Uwaga
CMP 38240
Last added futures short position 1300 points in profit. Holding with CTC SL.
Wyłączenie odpowiedzialności
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