BANKNIFTY
BankNifty 17.11.2022
Weekly Expiry Day
CMP 42,535
42,600 is the supply line and touched two time , if index reached this level buy a put , overall looks week at current price. 42,135-42,335 is demand zone higher time frame. so if index does down it will get support here and can buy a call . keep SL just blow the zone
Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. consult your financial advisor before investing.
Trade closed manually:
worked successfully , it touched supply line and reacted