Sanjan91

NIFTY TRADE SETUP

NSE:NIFTY   Nifty 50 Index
Nifty is currently trading above a minor potential reversal zone. We shall see if it breaks below or sustains above the zone. As we can see, the index is in a narrow range. As per option data, the index could be consolidating between 17300-17400.

Wait for the price to reach the demand zone or supply zone to open up a position. The levels for both longs and shorts are mentioned on the chart. Put stop loss as per risk appetite.

Happy trading :)

This is just for educational purposes.
Trade active: perfect rejection from the prz. Hope you were not trapped in the long positions.
Trade closed manually: I haven't had any targets, to be honest. Anything could have happened today. Hope this idea helped you all in some way.