Am short on Bank Nifty Futures at 4550...it is currently at 4082...for those having a bearish view on Banks (I am sure there are some bravehearts who are still bullish) the Bank Nifty Futures provides a convenient way of gaining from the fall while avoiding stock specific risk.
A move from 4500 to 4000 levels is a 10% fall on an unleveraged investment. Which is amazing for a 5-10 period horizon. The Bank Nifty is a very trending index and once can get these moves (up and down, though its always safer to trade in the direction of the trend) quite frequently on this index.
The momentum in Bank Nifty is extremely bearish. There is still scope to ride the downward trend.
As always keep lot sizes under control and stop losses in place.
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Quantitative Trading - Equity, Global Indices, Commodities & Currencies
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