Swapilchoksi

NIFTY: Intraday Trade plan for Option Selling

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NSE:NIFTY   Nifty 50 Index
Hello,
Finally today Nifty closed below its major demand zone @ 12085-12120. Now, 12085-12120 is a major supply zone and 11975-12000 is a major demand zone . As I mentioned in yesterday's post today, I made a short position in 12100 calls and carried this position. Future selling may not be a good juicy trade so I will make my position in option writing in the 11975-12100 range.
Trade active: STBT Position: Sold 12100 call @ 26
Comment: 12100 call short position now @ 4
Trade active: NF future short @ 12070 for the target of next demand zone
Trade closed: target reached: Booked all my short position

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