pr0p

Banknifty view for 5th December 2023

Largo
pr0p Actualizado   
NSE:BANKNIFTY   Nifty Bank Index
The market is range-bound today. Since the market is in an uptrend, selling puts is one of the worst things that can be done.

I think I can go long and wait till BNF hits 47100 with SL being 46800. The trade is a bit risky, however.
Operación activa:
I've made longs at 46900. By the time I posted, half the target had been reached. Will add more during retracement.
Comentarios:
Trailing SL to 46915
Comentarios:
47000 is a very good resistance. However, it was already taken out in the morning. Since we do not have any historical data to verify, I will trail SL to get at least some profit from the trades.
Operación cerrada manualmente:
Booked half at 46980
Operación cerrada: objetivo alcanzado:
Booked full at 47000
Comentarios:
Buying momentum can be seen decreasing

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