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Nifty Bank Index
Short
Updated

BN can be shorted for a counter trend trade.

101
BN looks quite weak and can be shorted for a counter trend trade till 49,411 levels max for now. Keep tight SL.
Trade closed: stop reached
Exiting it since trade has reversed. As anticipated, this was a counter trend trade and price has reversed almost immediately. In such cases, trade with low volumes to maintain risk apetite.
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Chart PatternsTechnical IndicatorsTrend Analysis
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.