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Nifty Bank Index

Trade Set up

By vivekz_142
Updated
Short below 29473.50 if 15 min candle closes below it for 300 points positional. 2 reasons. 30 min breakdown and support breach. Long trade in bank nifty will come only after closing above 30k with volumes. Keep eye on IV of put options. don't buy put if IV is high.
Comment
Our short trade did not trigger . You could have entered scalp long trade at 2:15 pm candle for quick 200 points gains. Think why?
BANKNIFTYChart PatternsindianstocksTechnical IndicatorstradetradesetupTrend Analysis

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