NSE: Banknifty intraday chart 30-04-20

The day started on a positive note and moved up. Then prices moved in a small range after creating Intraday high (IDH). Took a short scalp trade on failure to break IDH. BNF broke the range with high volumes on downside. Decided to hold with trailing SL. Trailing SL got hit and BNF ran deep in my direction.

  1. Long scalp trade – CPB entry
  2. Short scalp trade – IDH failure. This trade immediately broke the small range. Held with trailing SL. Price hit SL and moved down further.

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