Pre-Market Analysis: Banknifty Future – 20th April 2022

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Yesterday, Everything was as expected (sideways move inside the range) till last hour but sellers made a big crack in last 1 hour of trade. This as a big selling but it was also forced selling and what we need to observe today is whether this selling can have follow through to downside. Failure to trade below PDL will have sideways to bullish bias and acceptance below PDL will be bearish. So, I will look for long trades above PDL and short trades below it for intraday but in start, I will stay out and let markets settle first.

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