Bank Nifty closed in its demand zone @ 19700-19800.
On the upside, there is a resistance @ 20450 and a major supply zone @ 21300-21850.
On the downside, there is a demand zone @ 19100-19250.
According to my trade plan, If Bank Nifty will sustain below 19100 then I will take a short position in FUT for the target of the next demand zone. I will avoid long trade in Bank Nifty but I may change my decision and may take a short position in 19000 put if bank nifty will sustain above 20500.
I will update my trade in this post and you will get the notification if you follow this post.
Thank x
On the upside, there is a resistance @ 20450 and a major supply zone @ 21300-21850.
On the downside, there is a demand zone @ 19100-19250.
According to my trade plan, If Bank Nifty will sustain below 19100 then I will take a short position in FUT for the target of the next demand zone. I will avoid long trade in Bank Nifty but I may change my decision and may take a short position in 19000 put if bank nifty will sustain above 20500.
I will update my trade in this post and you will get the notification if you follow this post.
Thank x
Trade active
STBT: 2100 call @ 140 ( Update this trade in my previous Bank Nifty Post)Note
Trading @ 100 ... Bank Nifty is trading near its demand zone @ 19700-19800. Will add more positions below 19700 only. Otherwise will continue to hold short position in 2100 callTrade active
sold BNF 20500 call @ 160Note
EXIT FROM 20500 @ 220
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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.