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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