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.
so you say the market is going to be bullish next week?
but I feel it's going to be bearish, according to me next whole week it's going to be 11320, not more than that what say?
Swapilchoksi
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@vishal02, Hi Vishal...Hope u r doing well.
Vishal, I never predict the market. I prepare my chart with detailed levels. If Nifty will trade below my levels then I will take short trade, if Nifty will trade above my level then I take long trade. In sideways market I will prefer to trade in OTM option writing.
Hope Nifty will trade according to your view.
Thank x Have a gr8 weekend Vishal :)
but I feel it's going to be bearish, according to me next whole week it's going to be 11320, not more than that what say?