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
Trade active
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STBT: 2100 call @ 140 ( Update this trade in my previous Bank Nifty Post)
Comment
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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 call