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svapnilchoksi
Aug 17, 2022 5:16 PM

Nifty: Retracement is Possible  Short

Nifty 50 IndexNSE

Description

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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