BANKNIFTY INTRADAY SHORT and OVERNIGHT LONG SCENARIOS
Updated
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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