Nifty Bank Index
Short
Updated

BANK NIFTY

205
RISK DISCLOSURE.
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.


DATE: 05 JAN 2020
BANKNIFTY CMP: 32069.25

Expecting BANKNIFTY to be bearish on positional basis for a target of 30956.

HIGH RISK TRADE:::
31900 PE CMP 454. 30 JAN 2020 Expiry.
Trade to be initiated once it cracks below 102 and rises above 105 for targets 323, 516, 579, 751, 924-1179
Expecting this target to be achieved by 27 JAN 2020.



Trade closed: target reached
Target Cleared
Note
Market respecting downside as expected. Maybe we may get a push up on 24 th Jan 2020 or on 27 Jan 2020.

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