Please find the supply and demand zones in the chart.
Negative Data build-up in Nifty.
According to the price action and data build up my trading plan will be as below:-
Plan A: Future Trade: I will short Nifty Future if it will sustain below 12200-12190 zone for the target of 11140-11115.
I will buy Nifty future if it will sustain above 12300.
Plan B: Option Writing: If it will open flat but not able to sustain above 12235-12250 zone then I will short 12300 call.
I will take a decision for put writing once market will open.
I will update for the same during the market.
Thank x
Negative Data build-up in Nifty.
According to the price action and data build up my trading plan will be as below:-
Plan A: Future Trade: I will short Nifty Future if it will sustain below 12200-12190 zone for the target of 11140-11115.
I will buy Nifty future if it will sustain above 12300.
Plan B: Option Writing: If it will open flat but not able to sustain above 12235-12250 zone then I will short 12300 call.
I will take a decision for put writing once market will open.
I will update for the same during the market.
Thank x
Trade active:
Sold 12150 call @ 46
