NIFTY BANK - Short
BNF Spot CMP: 53,550
Outlook: Bearish, expecting a correction of 2000+ points (~4.11%).
Target: 51,350
Stop Loss: 54,467
A potential correction of approximately 4.11% is anticipated, with the target at 51,350 and stop loss at 54,467. Geopolitical risks and the upcoming US presidential transition in January 2025 could add to market volatility.
Note: This is solely my personal view and should not be considered as a trade recommendation.
Outlook: Bearish, expecting a correction of 2000+ points (~4.11%).
Target: 51,350
Stop Loss: 54,467
A potential correction of approximately 4.11% is anticipated, with the target at 51,350 and stop loss at 54,467. Geopolitical risks and the upcoming US presidential transition in January 2025 could add to market volatility.
Note: This is solely my personal view and should not be considered as a trade recommendation.
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