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ThcEth
Jun 13, 2021 5:14 PM

BankNifty 14/ June /2021 Short

Nifty Bank IndexNSE

Description

hello friends , lets analyze Bank Nifty.
As we have seen so called not so high not so low sessions since 4th June . We expect a bearish momentum in coming session.
The reasons are : 1) Relative strength index divergence
2) Kind of Double Top pattern (which has not concluded yet)
3) Un-windings in Long and new Addition in Calls
4) A perfect timing for profit booking
5) On higher time frame , price has tested resistance on Central Pivot and failed to breach.
6) Price has closed below 50 Ema on 1 hour TF.
nd many more but these are important one's.
If you do not want to risk your money , please hedge your positions while trading.
The idea has been researched and published based on many years of experience.

Trade Wisely And Smartly.

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