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iPrashantStock

Banknifty 20th April 2022 - Intraday Trade Analysis

Short
Nifty Bank Index (NSE:BANKNIFTY)  
iPrashantStock  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Candlestick Analysis short BANKNIFTY NIFTY SELL intraday
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trendanalysis supportandresistance candlestick short banknifty nifty sell intraday
According to previous it was decided to sell whenever it makes negative candle near 37000. And this happened today.

Banknifty
Flat opening - Will wait for retracement before selling again. No immediate trade due to 1000 points move in the last hour.
Gap up - Will wait for shooting star or 5 min red candle and then sell again but for smaller target.
Gap down - Will look for buying price action near 36000. Because it has become support now.

So, 36000 = Support and 36500 = Resistance1 and 37000 = Resistance2

Thanks
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