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.
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.