Swapilchoksi

NIFTY: Intraday Demand and Supply Zones

NSE:NIFTY   Nifty 50 Index

On the downside 8850-9100 is a short turm strong demand zone and there is a trend line support at the same level.
According to the options data 9500 is a major resistance because there is the highest open interest in call writing. On the downside highest open interest in 9000 put writing. But an interesting thing in 9000 Put, there was a heavy unwinding in 9000 put writing.
So according to the data demand-supply zones, the yellow zone will be no trade zone for me. I will trade once breakout or breakdown will confirm of this narrow range.

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