My pervious Nifty's post title was: " Avoid Short Trade in Nifty
Updated
My pervious Nifty's post title was: " Avoid Short Trade in Nifty"
As I have mentioned in that post Nifty made low near 10750, took support from it's demand zone and closed at day's high near its supply zone.
My Next Week view:
--- According to the demand and supply zones, Nifty closed near it's supply zone @ 10925-10985. So whenever it will sustain above this zone then again may show strong momentum on the upper side and will test next supply zones on the upper side @ 11050 and 11115-11145 zones.
--- On the downside 10750-10800 will act as a strong support. I will avoid short trade in Nifty because it's very difficult to get follow through on the downside.
--- According to the data there is strong OI buildup in put writing @ 10700 and max call writing @ 11200. Also there is a call buyer position in 10900 strike.
I have a short position in 10600 call.(Shared this Trade in pervious Nifty Post). I will make a new long position above 10985. I may add more short position in 10600 call if Nifty will come to 10750-10800 zone.
Daily I will update this post for my trades and other important updates.
Have a Great and Safe Weekend
Trade Well :)
As I have mentioned in that post Nifty made low near 10750, took support from it's demand zone and closed at day's high near its supply zone.
My Next Week view:
--- According to the demand and supply zones, Nifty closed near it's supply zone @ 10925-10985. So whenever it will sustain above this zone then again may show strong momentum on the upper side and will test next supply zones on the upper side @ 11050 and 11115-11145 zones.
--- On the downside 10750-10800 will act as a strong support. I will avoid short trade in Nifty because it's very difficult to get follow through on the downside.
--- According to the data there is strong OI buildup in put writing @ 10700 and max call writing @ 11200. Also there is a call buyer position in 10900 strike.
I have a short position in 10600 call.(Shared this Trade in pervious Nifty Post). I will make a new long position above 10985. I may add more short position in 10600 call if Nifty will come to 10750-10800 zone.
Daily I will update this post for my trades and other important updates.
Have a Great and Safe Weekend
Trade Well :)
Trade active
Sold 10600 Put @ 45
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