Description
⋅ The #BANKNIFTY is in a downtrend.
SL for all intraday shorts:- 18,200 and Postional shorts 19,000.
RSI zone 45-55 is a trade avoidance zone.
No comfortable is taking neither aggressive short nor long trade at this level.
Due to super cyclone over the Bay of Bengal, I was cut out for last 4 days and wasn't able to post analysis.