Due to lack of time, posting this short piece. Please read this along with post on Nifty
for tomorrow. Banknifty
, on daily chart
is on the lower edge of Bollinger band
and with current situation in world and Asian markets, it might continue to be on the edge since news from China is not encouraging. So it makes sense to short sell BNF. Due to massive fall today, two selling areas got shaped up on 15 min charts. So one can take a Sell-trade there for target marked with SL.
All the best. Happy trading.