Short Banknifty near 44000 with small stop loss

4 mag 2023

• This run up amidst all the global negativity is designed to create Euphoria around banks before they get dumped.
  
• Need to be extremely cautious while shorting as well as while going long.
  
• I am expecting a tough period around here and with this volatility is expected to rise.
  
• Expecting this double top to play out handsomely
  
• With an SL at 44470, One can think of shorting banknifty for 41500 and 39500 near 44000.
  
• Risk management has to be done in a way it allows one to take big profit when it falls and limit upside risk.
  
• This could be a trade for the books.
  

15 mag 2023

Nota

I think one can initiate position somewhere around here near 43850.