BANKNIFTY INTRADAY SHORT and OVERNIGHT LONG SCENARIOS

2 possible trades.

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