BANKNIFTY - SHORT TRADE FOR HUGE PROFIT

23 sept

Symbol - BANKNIFTY

BANKNIFTY is currently trading at 53920

I'm seeing a trading opportunity on sell side.

Shorting BANKNIFTY Futures at CMP 53920

I will be adding more position if 54400 comes & will hold with SL 54720

Targets I'm expecting are 52800 - 51800 - 51100 & 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!

24 sept

Operación activa

CMP 54067

Short position active.

27 sept

Operación activa

Added more quantity at 54400
Avg sell price now is 54160
Holding with SL 54720

30 sept

Operación activa

CMP 53200

960 points in profit.
Moved has started!

1 oct

Operación cerrada: objetivo alcanzado

CMP 52850

First target almost done here. 1310 points in profit.

BN may show a retracement from here or go sideways for 1-2 days & then we may see another round of selling.

3 oct

Operación activa

CMP 52350

1810 points in profit. Holding with trailing SL.

3 oct

Operación cerrada: objetivo alcanzado

CMP 51748

Second target hit. 2412 points in profit.

4 oct

Operación activa

CMP 51475

2685 points in profit. Very near to last target. Holding with trailing SL.

7 oct

Operación cerrada: objetivo alcanzado

CMP 50300

All targets hit. 3860 points in profit. Booking all short positions here.
Captured huge fall from top. That's how I trade. :)