NSE: Banknifty Intraday Chart 06-05-20

Today we had a downmove on open, only to see a strong reversal on the upside. As per view given on Telegram, as direction was not clear, we decided to stay away till direction is clear. The upmove was too fast and very few pullbacks to enter. three was weakness on upside and frequent trap moves.

  1. Short scalp trade – IRH CPB entry
  2. Long trend trade – Uptrend continuation SPB . Loss as price shot down after a nice start on upside
  3. Short scalp trade – CPB entry. no profit no loss
  4. Long trend trade – Uptrend continuation SPB entry . No profit no loss
  5. Short scalp trade – CPB entry. This trade moved down immediately and paused atend of range where i covered.

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Rikk

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