Nice Analysis. Only writing mistake, instead of demand zone you wrote supply. Anyways what's the resistance now in upper side
Sandip_a_
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@Siddharth_Kr_Jain, Oh thanks for correcting
Sandip_a_
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@Siddharth_Kr_Jain, Its already shown 10532 and then 10585. If you ask what trade i m going to take then i will short nifty if i get it between 10565 to 105670 for quick 30 points. For safe traders short nifty only below 10480 for 50 to 70 points and even 100 .
There is opportunity to short nifty between 10585 to 10615. But depends on individual trading style.
Sidharth_Kr_Jain
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@Sandip_a_, Hi, What's next. Have you shorted in the 10585-615 range or waiting for a little more upside
Sandip_a_
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@Siddharth_Kr_Jain, I sorted at 10623 and covered my position at 10590 on Friday only. Taken quick 30 points. Now I am long for the target of 10700 with strict stop-loss 10579. Risk reward is favorable for me.
Sandip_a_
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@Siddharth_Kr_Jain, Be long for 10700. Like if u have purchased 1 lot of Nifty then have a stop-loss at 10579 with short position of two lot nifty. So if stop-loss hit then one lot will get squared off and one lot will carry position of short.