Nifty is trading in the sideways range of 8950-9000 (Short Turm Major Demand Zone) and 9500-9580 (Short Turm Major Supply Zone).
* 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.
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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.
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Yesterday Sold 9000 put @ 65 and today booked profit @ 11