FinNifty: Monday - 07/11/22
NOTE: As Tuesday is a Holiday for Guru Nanak Jayanti, so the FinNifty expiry for this week is Monday.
Levels:
Support: 18520, 18450, 18300
Resistance: 18640, 18740.
Trade Setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
3. One can go long till the price-action stays above the green uptrend line.
4. If the uptrend line is broken, wait for the next immediate support line. That's the place it will take support.
Please note: FinNifty is highly volatile in Tuesday.
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18700 | 18650 | 18800 | 18850
-----------------------------------------
SELL | < 18230 | 18300 | 18150 | 18050
+++++++++++++++++++++++++++++++++++++++++
Levels:
Support: 18520, 18450, 18300
Resistance: 18640, 18740.
Trade Setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
3. One can go long till the price-action stays above the green uptrend line.
4. If the uptrend line is broken, wait for the next immediate support line. That's the place it will take support.
Please note: FinNifty is highly volatile in Tuesday.
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18700 | 18650 | 18800 | 18850
-----------------------------------------
SELL | < 18230 | 18300 | 18150 | 18050
+++++++++++++++++++++++++++++++++++++++++