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