Conditional Trade : buy only banknifty in between 40450-40550

After gap down bank nifty went more down and taken support at 40400 levels, i am expecting before to a strong pull back it can come down again near today's low and that will be the best price range to enter again. At this level also could be a buy but stop loss will be long and risk and rewards can't be favourable. So if anyone can handle this much big stop loss can go from current levels also right now it is trading at 40486. But still i will tell wait for our levels. And go long according to given levels.
Please follow strict stop loss in this trade.
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Thankyou.

Bình luận:

our trade got executed just now bank nifty made low of 40458,,now risk and reward will be favorable as our stop loss is very very small and chances are high market will make W pattern and will go for upside. We can see some minor fall from here. but that is okay our stop loss is there.