Nifty tanks
Having closed below the fibonacci confluence level of 4750, a crash of this magnitude was natural and expected.
On October 22 i had writen to exit all long positions. Since then nifty has tanked almost 600 points. The same holds
true for most index stocks. Fibonacci analysis at its best.
Flashback
Although nifty achieved all short targets, entry level was not met.
Trading the Bank nifty
I executed two trades in bank nifty. BNF opened near S1 level which grabbed my attention.
I have annotated all the trades in the chart given below.
2 comments:
Yes Sir NF not come our entry level. But we had went Short killing the nifty Using Bnf Levels.... Thanks For your Excellent BNF levels Mr JERRY sir....You always Rocking king....
Rajiv,
Very glad to hear that you minted. Just keep it going .
Jerry
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