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Nifty Bank Index
Short

Bank Nifty Short

By tusharbedekar
Updated
If Bank Nifty holds below 51100 for a sustained 15 minutes, it signals potential further weakness. Upon recursive analysis, this setup suggests that if bearish sentiment persists, it could drive prices lower before an upward move. In the first pass, staying below 51100 confirms weak support, while in the second pass, pressure to dip could increase, building momentum for a potential correction or bounce. By the third pass, if sellers fail to push significantly below 51100, it might trigger short-covering that could drive Bank Nifty up to the 51800-51650 range. However, caution is warranted with a stop-loss set at 51300 to manage risk against a quick reversal above this key level.


Disclaimer: This is not a buy/sell recommendation. Shared only for Educational purpose.
Trade closed: target reached
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tusharbedekar

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