NIFTY
Nifty Analysis foy May 10,2022
cmp 16,301
Supply zone at 16,811
Demand zone at 16,131 to 16,104
Demand zone at 15,861 to 15,672
Nifty at CMP is balance located , do nothing at the current location
Possibilities
Case 1 >> If Nifty Falls consider to but ATM call at 16150
Case 2>> if Nifty moves up consider to ATM buy put at 16,400
Case 3>> dull market or range-bound , do nothing
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Disclaimer: This is a trading idea, not an trading or Investment advice. this is for the purpose of training and education for students. consult your financial advisor Investment Advisor before making any decision or do your own research. the author may enter into a trade, take your own decision
Comment:
All zones are valid till end of day , no one is broken so analysis continued for next trading day may 11.
Trade closed manually
