Banknifty 19th April 2022 - Intraday Trade Analysis

Apr 18, 2022

Today, Banknifty opened gap down around 600 points and in the last hour it forms some green candles and close near 36700.

Flat opening - If it moves up and go near 36900 and 37000 will look for selling on any negative price action. Sell on 5 min red candle with high of the candle will be SL and target will be 1:2.
Gap up - Wait for negative price action near 37000. Will look for sell
Gap down - 36500 will act as support so will wait for some retracement before selling.

Thanks

Apr 19, 2022

Note

Huge selling come after it touched 37000 2 times intraday. So always trade on your analysis. Don't hesitate to trade when your price comes.