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Bank Nifty Intraday Trade Setup for 26th May Tuesday 2020

NSE:BANKNIFTY   NIFTY BANK
Hello Everyone,

We had seen a blood bath on Friday trading session. Sentiment was high because of RBI governor press meet and we were closed 456 Point negative on Friday Trading session , Question is Does we see s short covering on Tuesday Trading session Or Trend will be Continue ?

Technical View
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Index is volatile in Intraday and in downtrend but as I always said that new day if different then Previous one so do not make pre view when you're an Intraday trader.

Resistance : Index short term Resistance area is 17900.
Support : Index Short Term support on 17000

Trade Setup
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Long : Long Position can build above 17410. So wait for this level to come in Intraday.
Short : Short Position can build if Index break Friday trading low which 17090.



Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.

Good Luck and Happy Trading
Virendra Pandey

Comments

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