Hello,
Please find the Supply and Demand Zones in the chart.
As per the data and price action 32000 is a strong supply zone and 31000 is a strong demand zone.
Still in higher time fem trend is positive so I will avoid to go short.
I have a short position in 31000 put and i hold this position until 31000 is intact. In any case Bank Nifty will sustain above 31800 then I may change my put writing position from 31000 to 31500.
Thank you
Please find the Supply and Demand Zones in the chart.
As per the data and price action 32000 is a strong supply zone and 31000 is a strong demand zone.
Still in higher time fem trend is positive so I will avoid to go short.
I have a short position in 31000 put and i hold this position until 31000 is intact. In any case Bank Nifty will sustain above 31800 then I may change my put writing position from 31000 to 31500.
Thank you
Trade active:
Sold 31000 Put @ 60
