Today Nifty tried to sustain above its minor supply zone @ 9350-9450 but it failed to sustain and in the last hour sell-off it was closed below its next demand zone @ 9100. Now, both levels are resistant for Nifty. I took a short trade when I got the double confirmation when Nifty rejected the 9350-9450 zone 2nd time. I carried this trade because today’s below 9100 was not a good closing. Tomorrow I should get a follow throw on the downside.
Demand Zones 8750-8850 8500 Supply Zones 9100-9130 9350-9450
Trade active
STBT - Short @ 8970
Trade closed: target reached
Booked 100% profit @ 8500 - in 2nd half profit booking may come
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.