we have seen that from last one month banknifty is in uptrend. As per price action we have found strong bearish sell signal in banknity generated on 13 /11 /2014 at the resistance level. As per price action we have seen the sell signal in daily price chart as follows.
DAILY PRICE CHART OF BANKNIFTY
As shown above maximum probability of Banknifty is in selling. For intraday traders if they enter tomorrow morning at 9.15 pm we can be in a sell position only if Banknifty breaks 17460 and carry forward the trade for two three days until the next buy signal . All the Best
Summary On 14 th November –
Banknifty did not break 17460 therefore we were not able to execute the trade since as discussed above in the Daily price chart of banknifty our selling point of Banknifty was at 17460. We did not got any trade on 14 th november as per price action since we were expecting sell position in Banknifty.