banknifty

as the budgetis fast approaching many people often gt trapped trading the volatality so i am posting 3 levels on bank nifty intraday, short term swing trade and a long term trade where i think the mkts could go if there is not too much positives from the budget
first level posted on the chart is an intraday trade or probably a BTST with entry arnd 26755 and stoploss @ 26585
the second levels is the short term swing trade which culd be held fr about a week or 2 is with entry @ 26130 and stoploss @ 25890
the 3rd level and probably a level where i think the mkt correction could end if there is now bad news like the capital gains tax and probably could be held for a longer period is entry @ 25500 and stoploss @ 25200

Commentaire:

the first levels which was a short term level was taken out but the 2nd levels as mentioned in the descripitions seems to be working.... keep strcit stop and hold if you have bought