Tracking to see the power of support zone
The negative view on Bank Nifty Note: It will fill the gap zone: 30750-30850 for sure buy when is a ? Plan A: I already have a position in 30800 put writing and 31500 call writing. Plan B: Sell Fut when it will test 31500 for the downside targets of 31100-31000
Nifty - Sideways to Negative Plan A: I have a position in Option Writing in the 11850-12000 zone. there are multiple supports below 11900 and multiple resistance zones above 12000 so I preferred to take a position in option writing.
We can see more upside in coming days..
Bank NIFTY: Detailed Data and Price Action Trading Plan Note: It will fill the gap zone: 30750-30850 for sure buy when is a ? Plan A: If it will not sustain above 31500, I will prefer to go short. Plan B: It will sustain above 31500. I will prefer to avoid one side trade. I will take a position in option writing because in this case, it will trade in the sideways zone.
NIFTY: Detailed Data and Price Action Trading Plan Plan A: If it will not sustain above 11940, I will prefer to go short. Plan B: It will sustain above 11940. I will prefer to avoid one side trade. I will take a position in option writing because in this case, it will be sideways in 11900-12000 zone.
Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level. In Daily, nothing is supporting. There is a break of Trendline, but not convincing. 75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle...