Swapilchoksi

Nifty Analysis

Education
NSE:NIFTY   Nifty 50 Index
On the higher time frame Nifty strong demand zone @ 11600-11640 and strong supply zone @ 11900-11940. There are two possibilities that it will be sideways in this zone or it will test 11800 or 11900 and again it will come in a correction mode. Anyways time will show us.
Tomorrow if Nifty will sustain above 11740 then I will be on the long side for the target of next resistance and supply zone . If it will sustain below 11700 then I will start selling out of the money calls. I will take an aggressive short position if it will sustain below 11600.
Thank x
Trade active: As I mentioned in my post tht I will go long one it will sustain above 11740. My target is next supply zone.
Comment: On e NF will sustain above 11940 then may seen more upside...traling my sl in NF fut and options both trades.
Trade active: Booked all positions in option buying. Booked 75% qty in Future and carry 25% qty for tomorrow

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