Banknifty 21-feb-2023 intraday trade analysis
21-FEB-2023 Tuesday
Banknifty - Again a trending day, it was a good trend on the downside, but on the slower side.
Flat opening - Two day trending market, support at 40500 so will wait for any pullback for buying side.
Gap up- Will wait for price action for selling near 41K if gap up opens near it. So, no hurry in buying.
Gap down - Due to cont. downtrend from 3 days, it reverse and can also give green candle. So will wait for it and buy on pullback only.
Banknifty - Again a trending day, it was a good trend on the downside, but on the slower side.
Flat opening - Two day trending market, support at 40500 so will wait for any pullback for buying side.
Gap up- Will wait for price action for selling near 41K if gap up opens near it. So, no hurry in buying.
Gap down - Due to cont. downtrend from 3 days, it reverse and can also give green candle. So will wait for it and buy on pullback only.