Pre-Market Routine - NIFTY - Demand and Supply Zone

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Last week's short term intraday strong demand zone was @ 8650-8850. Now it is shifted to 8850-9100.

On the upper side 9360-9500 is a supply zone and 9675-9820 is a major supply zone on a short term time frame.

According to the option OI data max call writes are @ 9500 and max ut writers @ 9000.

According to the data and supply and demand zone 8850-9100 is a strong support zone and I am not expecting this week to expiry below 9000.

I believe that there are major supply zones on a higher time frame and Nifty may face some difficulty to sustain above that level and may not get a follow-through in intraday trade. So I will go with OTM option writing instead of Fut buying.

Trade active:

STBT
SOLD 8600 PUT @ 38
SOLD 8800 PUT @ 70

Comment:

Comment:

FACING RESISTANCE ON DAILY AS WELL AS WEEKLY CHART @ 9320