NIFTY BANK TIME UPDATE

NIFTY BANK
Setting up a perfect Trap
Retail traders forget things very quickly
There is nothing new under the SUN
These traps happened in past
Certainly would happen in Future as well
Doesnt mean we go and buy them
I always prefer to buy options
Would consider SEPTEMBER PUTS
1 point which gives me such confidence is the MASTER TIME CYCLE
Which is signalling extreme bearishness going forward
There is no bullish case as far as TIME is concerned
So sooner or later PRICE have to aline with TIME
I am not willing to give 500 or 1500 points of Target
This TIME I would share only 1 Target
That’s 32,155 on spot
Yes for now keeping options open for 38100 for this pullback
It may or may not test 38,100 but I want to keep options open to add shorts
View, narrative and structure would remain bearish
Because it’s based on TIME
I maintain my long standing bearish view on BANKS
LAST week I posted bearish view on few stocks
From which KOTAK and ICICI dint gave sell conformations
HDFC remains week
And on INDUSIND it missed Target and was stopped out earlier in week
AXIS also wasn’t promising on downside
This rally is coming to the point where it is inviting us to challenge it
Sounds crazy but I would do it happily
Managing my risk
Would add shorts
Let’s see