Banknifty 20th April 2022 - Intraday Trade Analysis

2022年4月19日

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