My analysis for going short today on 14 Jul 2020 at close.
View invalid if Nifty closes above 10900.
My initial target is 10300. Target may increase depending on who fast and strongly 10300 gets broken.
-- 8400-8500 was a supply zone for Nifty and today it was managed to close above this zone. Next supply zone @ 8950-9050 and major supply zone @ 9300-9500. On the downside minor support @ 8650 and 8400-8500.
-- Demand Zones: 8650 / 8400-8500
-- Supply Zones: 8950-9050 / 9300-9500
For tomorrow major demand zone is 11875-11890 and a strong supply zone is 12086-12118.
Tomorrow if it will sustain above 11975 then it may test its next supply zone @ 12085-12120, in this scenario I may go long in Future. If it will sustain below 11975 then I may sell out of the money call and put option.
Thank x
Hello,
As I mentioned in my yesterday post that I am not bullish in Nifty for short term period.
12100 is a last support. Once it will sustain below 12100 in intraday it may test 12050-12035 zone. In coming days in case If Nifty will sustain below 12035 then 11965-11985 zone. I will change my view from bearish to bullish @ 12035-12050 and 11965-11985 zones and...
Hello,
Nifty is in a bullish trend in all higher time frem but still one small correction is pending which will be around to 12000-12050 zone.
Before this correction 12300-12345 will be the major supply zone and 12000-12050 and 11975-12000 will be the strong demand zones.
I am not expecting one way fall or one way upside because there are multiple supports at...
Hello,
As I have mentioned my yesterday post that If Nifty will sustain above 12225 then I may go long. Today I was Long in the Nifty and exited with some profit points.
I have observed that buying strength was missing today. I don't think that 12100 is a good support and it a bottom of this correction which is started from 12420. My view is remain same which I...
Hello,
Very short term support @ 11160-11140 Resistance @ 12200-12225.
Tomorrow If it will manage to sustain above 11160 then it me test 12200-12225 zone. But My sens is that it is difficult to sustain above 12225 zone.
My Trading Plan is:-
1. If it will come to 12200-12225 zone but not able to sustain then I may go short.
2. If it will come to 12200-1225 zone...
Hello,
Nifty: Strong Supply Zone @ 12200-12225
Make or Brake Level @ 12100-12115
Strong Demand Zone @ 12030-12050
Nifty fall from above 12400 to 12100 and this fall is very sharp. Whenever it will conform it's bottom recovery will also be very sharp. Now juicy trad is almost over.
If tomorrow it will sustain below 12100 then it may test it's...
