POSITIONAL VIEW IN #BANKNIFTY CMP 34030POSITIONAL VIEW IN #BANKNIFTY CMP 34030
BANKNIFTY LOOKING VERY STRONG CMP SPOT LEVELS 34030
START ADDING BANKNIFTY JUNE MONTH 37000 CE CMP 240 ADD MORE AT 170
STOP LOSS - 140
TARGET - 500 600 700 800 ++
Shortbanknifty
Analysis on Bank Nifty - Good short (Distribution Phase) Today I entered short in BankNifty MarFUT @ 37400
stop loss as yesterday day's high in marfut
Target 36400
black and red line are two key support level in between these level strong support zone
break down of the red line and retest will lead good fall till 32000
it will turn banknifty in to the bearish territory
otherwise it will get support in the 35500 level and will lead to hit next high
carefully trade with the mentioned level
Short BankniftyPRZ 23950-24000
stop loss 24250
view invalid closing above 24250
Target 23500,23000 & 22500
within 3-4 days
.786 good reversal zone for Banknifty
Apart from above analysis, bearish engulfing in 5 mins & inverted hammer in 15 mins chart
Hidden bearish divergence clearly visible
Short Bank Nifty WIth SL above 31600 (But 31400 CE as Hedge)Short Bank Nifty With SL above 31600 or Use 31400 CE Option as Hedge
For Tgts of 31055
30860
30501
Buy 31300 PE hedge with 31400 CECall Option
