Swapilchoksi

NIFTY: Wait and Watch: Supply and Demand Zones

NSE:NIFTY   Nifty 50 Index
Nifty closed above its reversal zone @ 8200-8380. Now this zone will act as a major support zone . On the upper side, there is a wide range of minor supply zone @ 8700-9060. As per my trading plan, I will avoid long trade below 9050 and avoid short trade above 8200. In short 8200-9050 will be the no-trade zone for me. Due to high volatility , I will avoid options trading also.
Comment: Trading in no trade zone

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