Avoid Positional Short Trade in NIFTY Long

Nifty 50 IndexNSE

Description

⋅ Jul 16, 2020 2:04 PM

I will avoid positional short trade in Nifty because Nifty is strongly respecting demand zone @ 10480-10600 and not ready to give daily below 10600.
According to the data 10500 and 10600 is a very strong support.
Next supply zone @ 10925-11070 and this will be my next target in coming days.

Thank x :)
Trade Well

Comment

⋅ Jul 17, 2020 6:46 AM

Sold 10600 Put @ 45

Comments

asaharia268

⋅ Jul 17, 2020 9:45 AM

Sir, excellent prediction
Target almost rchd

Swapilchoksi

⋅ Jul 17, 2020 10:47 AM

@asaharia268, thank x. Todays 2and half moumentam was very strong...Both index should open gap up on monday.

Anke6s194

⋅ Jul 16, 2020 5:31 PM

Nifty may touch 10910 level
then we may see some correction

DTanmayAnalysis

⋅ Jul 16, 2020 3:45 PM

what are this lines based upon, pl provide us basis for explanation