Bank Nifty Intraday Trade Setup for 19th May 2020
Good Morning Sir's
Hope you Guys all Did well yesterday and made good money in yesterday Trading session . The Question is it will be continue Today?
Technical View
=======================
Resistance : Intraday Resistance is on 18400 and it can be test with a gap up Opening. Key Resistance is on 21600-22000
Support : Intraday support is on 17500 and Index has already tested it yesterday and Key support is still on 16000
Trade setup
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Buy : LONG position can build only and only if Index sustain above 18600 .
Sell : Short is tricky and There is 2 Levels in today intraday .
A : Risky Traders can take risks and Open a short from top which is come from Intraday Resistance . Level is 18000-18100
B : Second short Position if Index Break yesterday low which is 17500
Levels in Spot Prices..
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Hope you Guys all Did well yesterday and made good money in yesterday Trading session . The Question is it will be continue Today?
Technical View
=======================
Resistance : Intraday Resistance is on 18400 and it can be test with a gap up Opening. Key Resistance is on 21600-22000
Support : Intraday support is on 17500 and Index has already tested it yesterday and Key support is still on 16000
Trade setup
================
Buy : LONG position can build only and only if Index sustain above 18600 .
Sell : Short is tricky and There is 2 Levels in today intraday .
A : Risky Traders can take risks and Open a short from top which is come from Intraday Resistance . Level is 18000-18100
B : Second short Position if Index Break yesterday low which is 17500
Levels in Spot Prices..
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
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