It's a positive sign that Nifty closed above its supply zone @ 8850-9100. But on the upside, there is a major supply zone @ 9350-9500.
As I have mentioned yesterday Nifty is trading sideways in the wide trading zone.
In this type of trade setup, I will prefer to trade in OTM option selling instead of trading in FUT.
I have a short position in 8600 and 8800 put and both strike prices are almost zero and booked profit in these strikes. Tomorrow I will take a fresh trade in option selling.
tgram a t swapniltradingroom
As I have mentioned yesterday Nifty is trading sideways in the wide trading zone.
In this type of trade setup, I will prefer to trade in OTM option selling instead of trading in FUT.
I have a short position in 8600 and 8800 put and both strike prices are almost zero and booked profit in these strikes. Tomorrow I will take a fresh trade in option selling.
tgram a t swapniltradingroom
