sell bank nifty@48200 sl 48600 target 47800/47400
It looks like you're proposing a trade on the Bank Nifty index, with a sell position at 48,200, a stop loss (SL) at 48,600, and targets at 47,800 and 47,400.
Before proceeding, here are a few points to consider:
Risk-Reward Ratio: The stop loss is 400 points away from your entry, while the first target is 400 points away. This gives you a 1:1 risk-reward ratio. Consider if this aligns with your trading strategy.
Market Conditions: Have you checked the overall market sentiment or any key news affecting the Bank Nifty? A solid understanding of the broader market will help ensure this trade is aligned with the current trend.
Technical Setup: Is there a technical setup (like resistance levels, indicators, or patterns) that supports this trade?
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