Nifty major demand zone @ 8120-8165 and supply zone @ 8450-8480. If Nifty will sustain below its demand zone then it may test it’s next support @ 7500 and may break the recent bottom. If it will sustain above its demand zone then it may be sideways and I may sell OTM call and put options. Decreasing IV will also help to sink the option premium.
Om Namah Shivay Brothers, I was studying and preparing the nifty structure last week. and kept it wondering what will be the next possibility, to go down ? And if there is good news, in between go down means, gap down. If we check now, it is at the resistance point, if it moves above it, then next trend line will be the target. Brothers, Structure of market...
Yesterday Nifty closed above its very short term major supply zone @ 8000-8100. On the upper side next demand zone @ 8250-8330. Once it sustains above this zone it may test it’s next very short term major supply zone @ 8520-8660. It’s not easy to sustain above this zone. In any case, if it will manage to sustain then it may test its next supply zone @ 8880-9000....
As I have mentioned yesterday post that if Nifty sustains below 8050 it may test 7650. Today it closed @ 7610. Now two major demand zones on the long term chart are clearly seen at 7000-7250 and 6300-6500. On the upper side, there are two supply zones @ 7850-8000 and 8250-8350. It will be a good selling opportunity if Nifty will test the upper zone of these...
NSENG:NSE50 Just a Thought: Not for Trading Purpose NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything. Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR. Similar kind of Trend can be Observed as marked inboxes. Levels are marked for reference purpose only Can we say...
9950-10200 level was important for Nifty, If it was managed to sustain above this zone then I have to change my trading plan according to that. But now it's confirmed that 9900-10200 is a major supply zone for Nifty. On Friday made a short position in NF @ 10050 and still holding. I am not interested to cover this position very early but I may book some profit @...
Nifty changed its trading zone from 10000-12500 to 8800-10000. 8800-9100 is minor support on the monthly chart. If it will fail to sustain above this zone then the next major support zone is 6300-6900. On the weekly chart, the lower side trending candle is formed. It means next week also we should get the swing trades on the lower side.
This is a monthly chart which captures major moments in the nifty's journey from early 2000 to 2020. This is just for illustration perspective.
Video Derives the Level as per algorithmic flow, Do enjoy it Feel free to comment
Educational Purpose.
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, Nifty closed above its major supply zone @ 12085-12115. The trend will be positive if it will sustain above this zone. Its next supply zone @ 12160-12170. One it will sustain above this zone it may test 12200 and sustain above 12200 it may test 12245-12260 zone. Please Find the supply and demand zones in the chart. Trade Well
Today Nifty final closing was 11992 (below its supply zone @ 12000-12010). Tomorrow may be Nifty will trade in a wide range. If Nifty will sustain below 12000 then I may short Nifty OTM call and if it will sustain above 12000 then it may test 12060, in this case, I may avoid the trade. Trade Well
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