svapnilchoksi

Nifty: Retracement is Possible

Short
svapnilchoksi Updated   
NSE:NIFTY   Nifty 50 Index
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.
Comment:
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

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