Nifty is facing a major resistance near its major supply zone @ 9850-10000. I am calling this zone as a major supply zone because on the higher time frame (weekly and monthly) this same zone will act as a major resistance (Shared Weekly and Monthly charts in the previous post). On the downside the is a minor demand zone @ 9500-9580 then 9300-9420 and short...
On the daily chart minor supply zone @ 9320-9480 and strong supply zone @ 9680-9900, On the downside short term strong demand zone @ 8650-8850.
On the downside there is a short term major demand zone @ 8650-8850 and the upper side resistance @ 9100 and supply zone @ 9350-9500. According to the options data max OI in call @ 9500 and max OI chg % in call @ 9300 and max OI in put @ 8000 and max chg % in put @ 8900. According to the options data max OI in call @ 9500 and max OI chg % in call @ 9300...
Hello, Nifty closed below all its major demand zones. Now the next demand zone is 11810-11840 and the major supply zone is11880 and 11920-11940. Nifty is oversold in a smaller time frame. In any case, if Nifty will come to 11880 and 11920-11940 but not able to sustain above this zone then this will be the fresh selling opportunity. In Any case, NF will sustain...
Hello, Finally today Nifty closed below its major demand zone @ 12085-12120. Now, 12085-12120 is a major supply zone and 11975-12000 is a major demand zone. As I mentioned in yesterday's post today, I made a short position in 12100 calls and carried this position. Future selling may not be a good juicy trade so I will make my position in option writing in the...
Hello, As I have mentioned in my Nifty Weekly Analysis post that my view is bearish in Nifty. I will change my view once Nifty will sustain above 12265-12300 this week. Find the link below. Intraday Demand Zone: 11975-12000 Intraday Supply Zone: 12085-12120 On Monday:- If it will sustain below 12080 then I will start short OTM call options. and Once it will...
Yesterday I was bearish but today it opened the gap up and closed near the demand zone. Demand Zone: 12085-12115 Supply Zone: 12160-12170 Resistance: 12300 Tomorrow if it will sustain above 12170 then I may go long. I will be more confident once it will sustain above 12200, in this case, I may add more qty in the long side. If it will sustain below 12085 then I...
Hello, As I have mentioned in my yesterday's Nifty Post for Intraday Trade. I have mentioned my bearish view on Nifty. Now Nifty Supply zone @ 12085-12115 and Next Demand Zone @ 12025-12035 and 12950-12975. My view is still bearish but tomorrow expecting a wide sideways move. Trade well