Bank Nifty: Intraday Trade: Closed below Supply Zone
Hello,
Intraday Supply Zone: 30900-31110
Intraday Support @ 30550-30600 and 30110-30210
On Friday BNF closed below its major demand zone.( My yesterday STBT position in the comment section.). If it will sustain below its major supply zone @ 30900-31120 then I will short OTM call options. In intraday, once it will sustain below 30600-30550 then I will short Fut. If it will sustain above 31150-31200 then I will cover my short position and will short OTM put.
Trade Well
Intraday Supply Zone: 30900-31110
Intraday Support @ 30550-30600 and 30110-30210
On Friday BNF closed below its major demand zone.( My yesterday STBT position in the comment section.). If it will sustain below its major supply zone @ 30900-31120 then I will short OTM call options. In intraday, once it will sustain below 30600-30550 then I will short Fut. If it will sustain above 31150-31200 then I will cover my short position and will short OTM put.
Trade Well
Trade active:
STBT: Sold 31300 call @ 120 and 31200 call @ 140
Comment:
Trading near half the price. I am going to carry these trades
