Swapilchoksi

Nifty: Will Wait for the Price Action Conformation

NSE:NIFTY   Nifty 50 Index
Hello,

Right now Nifty is trading in the no trade zone.
There are two important level for the Nifty: 1st: 11200 and 2nd: 11050

Importance of 11200 level: In intraday if Nifty will trade above 11200 but not above to trade or sustain above 11250 then I will consider this as a fake upside move but in intraday if Nifty will sustain above 11250 and give close above 11200 then there is a very high chance to see more upside.
Importance of 11050 level: In intraday if Nifty will sustain below 11050 and close below this level then there is a very high chance to see more downside.

I will wait for the price action conformation before I will take any side if trade.
I will update further levels in this post after the price action conformation.

Thank You :)
Gr8 Weekend
Comment: I am expecting big move in Nifty in the upside in coming days.
But I wont trade base on my expectations, I will wait for the price action.
Trade active: Sold 11200 Put @ 55

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