As price and RSI has both have turned down from overbought levels on the 15 min chart, we can sell Nifty at current market price of 18830, with a stoploss of 18900.
The target for this trade is 18650 & 18600
The time frame for this trade is till 2-Dec-2022
Nifty is in a strong uptrend hence there might not be a deep price correction, watch out for RSI cools down to 50 level without price getting down then exit trade. Nifty may only do time correction.
The target for this trade is 18650 & 18600
The time frame for this trade is till 2-Dec-2022
Nifty is in a strong uptrend hence there might not be a deep price correction, watch out for RSI cools down to 50 level without price getting down then exit trade. Nifty may only do time correction.
Trade active
Trade closed manually:
As RSI has cooled down to 50 levels without any price correction it’s better to exit trade at 18800 and book small profit rather than risk a gap up on carrying position overnight.