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AkmeAnalytics

BankNifty Intraday Trade Setup [16 April 2020]

Short
Nifty Bank Index (NSE:BANKNIFTY)  
AkmeAnalytics  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Trend Lines bankniftytradesetup bankniftytrading daytrading intradaytrading bankniftyshort bankniftysell
4
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trendanalysis supportandresistance trendline bankniftytradesetup bankniftytrading daytrading intradaytrading bankniftyshort bankniftysell
BankNifty looks weak and may fall further. However, I will short BankNifty once it reaches the downward red coloured trendline.
If price rejects this red trendline, then I will short the BankNifty.

Target: 19000/18800/18500
Initial SL: 19750

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