Bank Nifty - Positional Short
Short Bank Nifty monthly options with hedge on every rise. BN has broken weekly trendline both spot and Futures.
Best to short Nov series with hedge. First Tgt 50600 spot.
Will update any changes in my view on 11th Oct 2024
Trade active
Take far month BN short hedge trades. BN will breakdown anytime. Final target 46500 spotNote
use load the bars option and check the price reaction at trendlinesNote
booked all shorts. Monday will be killer day for bears...i may be wrongTrade closed manually
Weekly bearish but 1hrly has turned bullishNote
Reason we booked on Friday is evident
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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.