#BNF#mytradelog#learning- 28Jan19
If BNF spot holds 27050 , doji with big red candle shows continuation downtrend. If 27050 breaks and 26945 does not support, a big fall to 26706-26416 -26393 is possible
In upside - 27185 - 27509 can be zone.
The fall as stated- reached 26686 so far
Bad Bad day .. Made mistake as usual which happens for novice traders. Analysis was downtrend which I posted but went long and got trapped.
To save face, bought a 27800 CE till expiry to recover (if). Need to gain patience and manage Risk..
Risk management is everything!!
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#NIFTY target achieved and trade closed. #BANKNIFTY still sluggish and making move towards my target. let's see how it goes. Will move the TSL to Cost now.
#Nifty A very crucial zone.. price action looks like a bounce is in place.. let's see how it turns up next week.. 11000 is a key support which need to test before bounce
#Nifty looks positive for now.. as expected taking a bounce at major support level.. 11300 should touch before moving further downside.
#Nifty did not touched the 11300 levels but made a day's high of 11232 and reverses back to 11112 (day's low)