Banknifty 23-feb-2023 intraday Trade analysis
Banknifty - Today is complete downtrend. 5 red candle formed continuously. Tomorrow is expiry it can cont. down initially, profit brooking can come anytime.
Flat opening — It may cont. it's fall till 39600-700. so will sell it at open if 1 min-ve candle. But if not wait for some price action.
Gap up - wait for price action, profit booking may come. but it is expected in the last 2 hour. But ready for buy on proper price action.
Gap down - Due to cont. sell, will wait for W pattern to buy it. 39500 - support.
Flat opening — It may cont. it's fall till 39600-700. so will sell it at open if 1 min-ve candle. But if not wait for some price action.
Gap up - wait for price action, profit booking may come. but it is expected in the last 2 hour. But ready for buy on proper price action.
Gap down - Due to cont. sell, will wait for W pattern to buy it. 39500 - support.
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