PowerTrades

BANKNIFTY Event & Beyond

Short
NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY we have had 2 nice moves from the trend decider posted on 03-AUG
The downside target and bounce off it and then the upside target.
We are again trying to hold below the trend decider- with some multiple lows an support below that.
Given the correciton yday this is a low risk sort opportunity to test the downside targets
Trade closed: stop reached:
Smashed out of this one, was worthy a trade still with the small 100 point odd stop and then the hold above the trend decider gave a free run to the T1.
< was too real time for a trade idea >
we are back to the trend decider as a key decider again.

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