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Nifty 50 Index
Short

Nifty: Retracement is Possible

By svapnilchoksi
Updated
Supply Zone @ 18100-17900.
Demand Zone @ 17550-17600.

In any case if Nifty will not able to sustain above it's Supply Zone then may test it's Demand Zone.
Note
Will wait for some time for conformation If it will sustain below 17900 or not.
Trade active
Nifty is not ready to sustain below 17900 first Resistance also there is a Support @ 17800.
(Long Position)
Took a Short Position in 17900 PE 25th Aug Exp. Bought 17750 PE 25th Aug. SL: 17750
Trade closed: stop reached
Exit from long...
As it is sustain below 17900.
New Short Position:
Sold 17900 CE 25th Aug Bought 18100 CE 25th Aug
Trade active
Sold 17900 CE 25th Aug Bought 18100 CE 25th Aug
Trade closed: stop reached
Not getting follow through in short side...
Trade active
Sold 18000 PE Bought 17800 PE
NIFTYTrend Analysis
svapnilchoksi
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