Logic behind the trade
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November 2020
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didn't see any strength at the support
Will plan exit if nifty spot sustains below 14100
Expect good retrace move if it crosses 20ema
Will Plan exit
1> if it hits the SL
2> Or bank nifty forms a lower high now.
So far working in favour of this
Let's observe the reaction at current level
May hold till day high or even till 31800
Good profit potential if it sustains above 31560
Will exit if bank nifty sustains below 31320