Important levels for 16/11/2022.
We traded exactly like the previous day with the exception being we sustained the Breakout. The daily volumes were not good but the last hour did see good buying volumes.
For tomorrow, if we open flat any dip till 42394 can be bought with a 40-50 point SL and we can look for targets of 42600 and 42900. The SL should be trailed as we do not have any upside reference.
In case we see a major gap up, we can see some profit booking but if we manage to sustain the gap we can expect a good trending day.
Shorts can be avoided for tomorrow.
We traded exactly like the previous day with the exception being we sustained the Breakout. The daily volumes were not good but the last hour did see good buying volumes.
For tomorrow, if we open flat any dip till 42394 can be bought with a 40-50 point SL and we can look for targets of 42600 and 42900. The SL should be trailed as we do not have any upside reference.
In case we see a major gap up, we can see some profit booking but if we manage to sustain the gap we can expect a good trending day.
Shorts can be avoided for tomorrow.