BANK NIFTY warning singnal was there fewdays back.
Mis à jour
Indeed I had suggested two targets for bank nifty 41880 and 41660
on last Friday, Of course not published here in trading view.
Reason lack lustre response here.
Indeed if you go through my posts of bank nifty
you can pick up the post warning sign.
of course I will be attaching the post here,
so what to do with bank nifty?
for me it has completed 5 wave up move and heading towards some appreciable correction.
every bounce is likely to be sold in to.
better to now approach the market in hedged way.
probability of its bouncing to 42820 is there.
so always go short along with buy some ce.
downside for bank nifty is open.\
don't forget to like my post.follow me to get updates
on last Friday, Of course not published here in trading view.
Reason lack lustre response here.
Indeed if you go through my posts of bank nifty
you can pick up the post warning sign.
of course I will be attaching the post here,
so what to do with bank nifty?
for me it has completed 5 wave up move and heading towards some appreciable correction.
every bounce is likely to be sold in to.
better to now approach the market in hedged way.
probability of its bouncing to 42820 is there.
so always go short along with buy some ce.
downside for bank nifty is open.\
don't forget to like my post.follow me to get updates
Note
I am suggesting buy ce 41900 as monthly expiry is approaching hence market may be volatile.you buy pe for next expiry but hedge with buying ce like 41800 or 41900.Note
41800 and 41900 ce of this expiry
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