Nifty Bank Index
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Banknifty view for 5th December 2023

303
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.
交易進行
I've made longs at 46900. By the time I posted, half the target had been reached. Will add more during retracement.
註釋
Trailing SL to 46915
註釋
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.
手動結束交易
Booked half at 46980
交易結束:目標達成
Booked full at 47000
註釋
Buying momentum can be seen decreasing

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