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
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STBT - Short @ 8970
Trade closed: target reached
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Booked 100% profit @ 8500 - in 2nd half profit booking may come