NSE: BankNifty Intraday chart 28-04-20

There is a day to trade and there is a day where you don’t trade. Today was a no trade day.

Despite a gap up open, BNF moved down, opening space for a downmove. Was looking for setups to short but prices shot up. BNF moved within IRL- IRH range with low momentum. And then post noon, moved up with high momentum. In hindsight, it looks like a missed opportunity. But then decisions are taken at trade time on the right hand side of the screen, the unknown side.

One of our member wanted to understand probable trading areas in hindsight. Hence, posted probable trades.

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Rikk

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