Trading PlayBook -9th Nov 2022
🔵Sgx nifty indicating a gapup open above levels of 17350
🔵 Nifty remains buy on dips
⚠️ Daily / weekly charts indicate the nifty remain overbought
Nifty Trade Setup -
👉 Bulls could look to initiate a long trade above levels of 18350 on the formation of a bearish rejection pattern with a stop below 📍levels of 18200
👉 Bears could look to test a fade trade around levels of 18350 on the formation of a bearish reversal pattern with a stop above 📍17460
⚠️ Make sure to keep an Eye on the bank nifty for follow through before initiating long positions
👉Additionally keep a close eye on the psu banking sector before testing a fade trade
⚠️Disclaimer
Information shared is for educational purposes only kindly do your due diligence before initiating any trades
Wishing my friends a fruitful and profitable trading day 👍
Cheers ☕
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