BankNifty - 20-Apr-23
Updated
Tomorrow is expiry so trade carefully.
If open between 42268 and 42090 then no quick trades wait for proper price action breakout or breakdown. Safe traders stay away because of expiry.
If open below 42091
Buy Possibilities
Buy around 42020 with sl of 100 points for 42260 Target
Sell Possibilities
If open between 42091 and 41880 then wait for retracement till 42260 then sell with 100 points sl for 41880 target
If open between 42268 and 42090 then no quick trades wait for proper price action breakout or breakdown. Safe traders stay away because of expiry.
If open below 42091
Buy Possibilities
Buy around 42020 with sl of 100 points for 42260 Target
Sell Possibilities
If open between 42091 and 41880 then wait for retracement till 42260 then sell with 100 points sl for 41880 target
Comment
Open is not below 42091 so the above view was invalid. But it took resistance exactly from 42260 and came till 42108 (150+ Points)
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