Weekly and intraday Banknifty trade setup

Nifty Bank IndexNSE

Description

⋅ May 24, 2020 2:41 PM

My opinions are stated on the chart
Please read carefully
Do not take my opinion, alone, to trade your account.
Cross check with your analysis
Grateful🙏

Comment

⋅ May 24, 2020 3:59 PM

A change in the date stated above. The intraday plan is for 26 May and not 25 May

Comments

rajamurugan1093

⋅ May 25, 2020 10:55 AM

Good

YADAV7742

⋅ May 25, 2020 10:54 AM

Good

AnilChadda

⋅ May 25, 2020 8:12 AM

Sounds good

abbas4you40

⋅ May 25, 2020 1:21 PM

what price should we short?

inteliigentrader

⋅ May 25, 2020 1:55 PM

@abbas4you40, Depends how the market opens, but safer option would be near the resistance. But do your analysis as well and then take the trade. Today Asian markets were in the green, but I would have to see how SGX Nifty reacts tomorrow morning.

AbhayDeval

⋅ May 25, 2020 4:18 AM

What is the basis for 1007 point down

inteliigentrader

⋅ May 25, 2020 4:38 AM

@AbhayDeval, It was a previous major turning point and support

AbhayDeval

⋅ May 25, 2020 8:29 AM

@inteliigentrader, ok,thanks for clarification..since the view is bearish..can we opt for sale on rise

inteliigentrader

⋅ May 25, 2020 9:10 AM

@AbhayDeval, Yes but take into consideration the global news as well as price action

murugavelshanthi68

⋅ May 24, 2020 3:53 PM

GOOD ANALYSIS