Banknifty 16-feb-2023 intraday trade analysis

١٥ فبراير ٢٠٢٣

16 FEB-2023 Thursday Expiry

Banknifty - It crossed the resistance, but it was in the end. It is now near weekly resistance. Tomorrow is expiry, so will see.

Flat opening - wait for some time, on pullback if crosses 41800 will buy it, target = 42,000.

Gap up -42K will be resistance, so will sell if - Ve candle formed. Else look for buy on reversal.

Gap down - Again come down, near 41580 if broken, will sell, if not will see price action, then will take trade.