Trade Alert : Bank Nifty

Description : Short BN future at 10731. Positional call.

Sl : 10795

Target : 10530.

Bn Trade Alert : Bank Nifty

Bank Nifty has moved up about 400 points in one session. We are noticing the index beginning to form a “p” shape, which indicates that the longs are moving out.

We are anticipating a move below the value area on Monday, hence the position.