Hello,
Nifty has broken the major demand zone @ 11915-11930. Now the short term chart is damaged.
On Saturday Nifty closed @ its major demand zone @ 11595-11640. Sustain below this zone another 80-125 points downside range will open and it may test 11520 and 11490-11480 zone. On the upside first supply zone @ 11710-11720.
I want to see its trading range on Monday for at list 30 mins to 1 hour then only I will take a trading call.
I will decide once the market will open.
Trade Well.
Nifty has broken the major demand zone @ 11915-11930. Now the short term chart is damaged.
On Saturday Nifty closed @ its major demand zone @ 11595-11640. Sustain below this zone another 80-125 points downside range will open and it may test 11520 and 11490-11480 zone. On the upside first supply zone @ 11710-11720.
I want to see its trading range on Monday for at list 30 mins to 1 hour then only I will take a trading call.
I will decide once the market will open.
Trade Well.
Comment:
11720 level is failed. If it will hold 11600 then on the bounce I will sell 11700 or 11750 call. Once it will Sustain below 11600 I will sell Future.
Order cancelled:
I am going to avoid trades in index today...again it is trying sustaing above supply zone @ 11720-30. If it will sustain above this zone then it may test 11800. I will wait for some more time for the double conformation.