Analysis on Bank Nifty - Good short (Distribution Phase)

Today I entered short in BankNifty MarFUT @ 37400
stop loss as yesterday day's high in marfut
Target 36400

black and red line are two key support level in between these level strong support zone
break down of the red line and retest will lead good fall till 32000
it will turn banknifty in to the bearish territory
otherwise it will get support in the 35500 level and will lead to hit next high
carefully trade with the mentioned level

Komentar:

hit very close to the target, exit the position
enter once red line break