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Banknifty 19th April 2022 - Intraday Trade Analysis

Short
Nifty Bank Index (NSE:BANKNIFTY)  
iPrashantStock Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Candlestick Analysis BANKNIFTY NIFTY sensex technical analysis
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trendanalysis supportandresistance candlestick banknifty nifty sensex technical analysis

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
Comment:
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.
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