Major move is expected above or below this zone.
I will avoid short position in Nifty because in the sideways range it is making Higher High and Lower Low. There is a maximum possibility that Nifty will give breakout and manage to sustain above 9600 in the coming days.
As I have mentioned in my earlier post I will take a position in OTM option writing instead of taking a position in FUT. I will prefer to trade in FUT once Nifty will sustain above 9600.
Please find the supply and demand zones in the chart.
Nifty Expery may come on a positive side.
Comment:
I will avoid going short in Nifty so I tag Nifty as a long Trade. But I may take a short trade in Nifty through option selling...I will update this post during market hours.
Comment:
Yesterday Sold 9000 put @ 65 and today booked profit @ 11
Comment:
SOLD 9600 CALL @ 53