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Trading PlayBook - 21st Nov 2022

➡️Sgx nifty indicate a subdued open around levels of 18330

Nifty Trade Setup

🔵Bulls could look to buy dips around levels of 18100 on the formation of a bullish continuation pattern stop below 📍18000

🔵Alternatively bulls could look to initiate a long position on the formation of a bearish rejection pattern above levels of 18440 stop below 📍 18340

🔴 Bears could look test a short trade on the formation of a bearish continuation pattern around levels of 18270 with a stop above 📍18350

Nifty Bank Trade Setup

🔴Bears could look to test a short trade on a gap down open followed by the formation of a bullish rejection pattern around levels 42240 stop above

📍42450

🔵 Bulls could look to initiate a long trade on the formation of a bearish rejection pattern above levels of 42600 stop below

📍42400

Note -

⚠️ Make sure to keep a check for divergence in the benchmark indices.

⚠️ Disclaimer

👉Information shared is for educational purposes only.

👉kindly do your own due diligence before initiating any trades.

Wishing my friends a fruitful and profitable trading day 👍

Cheers ☕

#NIFTY50 #NIFTYBANK