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Nifty Bank Index
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Intraday Bank Nifty 1:4.5 RR Shorting Trade 27th June 2024

Oleh WaveMoku
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As per Ichimoku, Bank Nifty has turned bearish, and we see good opportunity in shorting with small Stop loss.

Entry - 52906

Stop Loss - 53050

Target: 52260

Dagangan aktif
Our Sell Entry triggered at 52906.
Nota
Time: 1:07 PM, 27th June 2024

Our stop loss survived by 18 points. The high made after our entry was 53,037.

Current Market Price (CMP): 52,839

We are in a small profit. If our stop loss survives today, we are planning to carry the position overnight with a CE hedge.
Nota
Time: 2:40 PM, 27th June 2024

CMP is 52827

Bank Nifty made a low of 52,690 after our entry was at 52,906. We are keeping the stop loss at cost to cost.

TSL: 52,906 (Zero Risk)

No overnight carry. We will close the position if the cost-to-cost TSL is hit.
Nota
Cost to cost trialing stop loss hit. Price took the support from cloud and bounced back.
Nota
If anyone still holding shorts with actual SL, can stay in the trade with updated SL of 53950(just 50-60 points risk).

Target is same 52260, safe booking near 52400 level.
Dagangan ditutup: sasaran tercapai
We are booking profit, our target has hit.
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