BANKNIFTY INTRADAY SHORT and OVERNIGHT LONG SCENARIOS
2 possible trades.
1. Intraday short trade on 20 Jan 2023.
2. Overnight long trade on 21 Jan 2023.
1. Intraday short trade on 20 Jan 2023.
- Bearish sentiment
- Will retest key support level of 40900
- Price has just been rejected from 22 EMA on Daily TF
- Price will try to approach 200 EMA on Daily TF
2. Overnight long trade on 21 Jan 2023.
- Key resistance trendline break
- Will try to break through 42000. Conservative target around 41850.
- Price will crossover 22 EMA on Daily TF once it gives a daily closing above 41500
Trade closed: target reached
Intraday short target achieved. 2023 FEB 41000 PE
Capital: Rs. 10,000
Quantity (Lots): 50 (2)
Entry: Rs. 246.3
Exit: Rs. 283.2
Profit: Rs. 1,843
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.