NIFTY
CMP 17,670
Qty: 1 Lot
Nifty has formed the demand zone recently , and getting support from the demand zone , so do not plan short trade only long, buy should be planned. there are following good buying opportunities.
1. If Nifty falls then it will get support at (17575-17590) and (15525-15545) both are minor support if the market is dull then will work but in case of a strong downside, it may not work and can be broken. if sustains Buy call 17,600. around it
2. 17423-17479 is good support levels , when Nifty is in this range Buy 17,500/- call.
3. 17,920+ is the supply zone , if reached at that point Buy a Put of 17,900. and wait for the downside.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice
Trade closed: target reached
