As I have mentioned in my pervious Nifty Post, Still Nifty is trading in the wide sideways zone. Sideways zone is most difficult to trade because it gives both side moves.
Strong Demand Zone @ 10800-10880.
Strong Supply Zone @ 11400
11250 to 11400 is a Sideways to Positive trade zone.
11050 to 11250 is a Negative Trade zone.
below 11050 is a Strong Negative trade zone.
11250 is a critical level. If it will manage to sustain or close above 11250 then I may sell OTM put option.
If it will manage to sustain below 11250 then I may sell OTM call option.
If it will manage to sustain below 11050-11000 then I may take a short position in Fut and OTM call option.
Thank x
Have a great weekend :)
Strong Demand Zone @ 10800-10880.
Strong Supply Zone @ 11400
11250 to 11400 is a Sideways to Positive trade zone.
11050 to 11250 is a Negative Trade zone.
below 11050 is a Strong Negative trade zone.
11250 is a critical level. If it will manage to sustain or close above 11250 then I may sell OTM put option.
If it will manage to sustain below 11250 then I may sell OTM call option.
If it will manage to sustain below 11050-11000 then I may take a short position in Fut and OTM call option.
Thank x
Have a great weekend :)
