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Nifty 50 Index

Someone asked: What will be Nifty move on Monday. Here my Answer

By Swapilchoksi
Updated
Nifty closed @ 9250. There is a supply zone @ 9260-9310, resistance @ 9440 and major supply zone @ 9500-9590.

*There is a strong demand zone @ 8970-9000 and minor support @ 8800 on the downside.

*Nifty is trading in the wide sideways range of 9000-9500. In the sideways range, I will prefer to trade in OTM option writing. I will prefer to take a position in FUT once breakout or breakdown if this range.
Trade active
Position Carrying: short 9600 call @ 50
Trade closed: target reached
profit booked @ 5.5
Trade active
sold Bank Nifty 9000 put @ 65
NIFTYniftyanalysisniftyintradaySupply and DemandSupport and Resistance
Swapilchoksi
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