Description
⋅ Finally Nifty closed in the major supply zone @ 9365-950. On the downside short term major demand zone @ 8850-9100.
*If Nifty will sustain 9350 which is a lower level of its supply zone then it may test 9500 which is a higher level of the supply zone.
*Supply Zone is very wide so it is difficult to get a valid technical stop loss so I made a short position in 9000-9100 and 9200 instead of FUT. Trade active
⋅ STBT Positions:-
9000 put sold @ 25 and closed @ 9
9100 put sold @ 36 and closed @ 13
9200 put sold @ 50 and closed @ 22.50
Trade active
⋅ Bought NF FUT @ 9480 sl 9430...My Target is 9580 and above
Comment
⋅ NF CMP @ 9500 and I am not expecting NF weekly closing below 9500
Trade closed: target reached
⋅ Booked Profit in all Put writing position.
NF Fut Target has done...Booked Profit.