It would be a Short for BankNifty

11 thg 11, 2020

Please consider this for educational purpose only, for trading please do your own analysis or consult your financial advisor.

The gap up opening indicates that the price is expected to go high, however it managed to close as a green candle on 11th, hence forming a hammer candle at the top.

Shorting is suggested.

My trade setup for shorting will be as below:

Entry: 28845
Exit: 28300
SL: 29030