Bank Nifty: Intraday Trade Plan: 30550 important level
Hello,
For Bank Nifty now major supply zone @ 30900-31120 and demand zone @ 30550. Tomorrow if it will sustain below 30550 then it may test the next support zone @ 30120-30210 very easily. I will sell BNF in this case.
Open Position:
On Friday, Sold 31300 call @ 120 (closed @ 62) and 31200 call @ 140 (Closed 80).
For Bank Nifty now major supply zone @ 30900-31120 and demand zone @ 30550. Tomorrow if it will sustain below 30550 then it may test the next support zone @ 30120-30210 very easily. I will sell BNF in this case.
Open Position:
On Friday, Sold 31300 call @ 120 (closed @ 62) and 31200 call @ 140 (Closed 80).
Trade active
STBT: Sold 31200 and 31300 callNote
Bingo, BNF: 31200 CALL SHORT @ 140 NOW @ 14. 31200 call SHORT @ 120 NOW @ 10Trade active
Short Fut @ 30490 for the target of next demand zoneTrade closed: target reached
Booked all my short position
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.