HUGE SELLING ON CARDS IN BANK NIFTY ? - SHORT TRADE VIEW

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Symbol - BANKNIFTY

CMP 50080

BN is currently trading at a major support area which is acting as a support zone from last 7 months. This support liquidity zone has tested multiple times & there is Triple top pattern is formed. I am expecting breakdown of this support zone in near future which will trigger huge selling in bank nifty & bank nifty may correct 8-10% from current price.

Hence I am creating short positions Bank Nifty Futures at CMP around 50100

I will add more position around 50500 - 50700 area & I will add more position on breakdown of 49500 - 49400 area as well. SL I am following is above 51K.

Target I am expecting is 49600 & below.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Transaction en cours
CMP 49400

Future short position in 700 points profit.
BANKNIFTYbankniftyanalysisbankniftypredictionbankniftyshortbankniftytradesetupbankniftytradingbankniftytrendbankniftyviewChart PatternsFundamental AnalysisTrend Analysis

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