Next Week Move in the NIFTYHello,
Demand Zones : 10480 - 10520 ( VERY STRONG DEMAND ZONE ) / 10630-10730 ( STRONG DEMAND ZONE )
Supply Zone : 10925 - 11065 ( STRONG SUPPLY ZONE )
There are multiple demand zones at down side and strong supply zone and psychological level on the upside.
My next week view in the Nifty is natural because on the it's difficult to get the follow through on the short side because it may bounce it's any demand zone and also difficult to get the follow through on the upside also.
This week I will more focuses on stock specific trading instead of Index trading.
In this case I will take a position in call and put option writing.
In the last week I have updated my few trades in Nifty's Post. This week also I will try to update my all the trades in this post.
Follow/Like this post if you want the notification for the trades.
Thank x
Have a great Weekend
Demand Zone
HDFC: Trading above it's Major Supply ZoneHDFC is looking strong on the weekly chart and it is trading above it's major supply zone.
There are multiple Supply zones on the upside. So I will go with the put writing because I am seeing limited downside.
Bank Nifty: Next Week Trade SetupTrade setup for Bank Nifty:-
Very Strong Supply Zones @ 22200-23000 Zone.
Demand Zone @ 21700-21750 Zone.
Very Strong Demand Zone @ 20700-20950.
1. There are Multiple Supply Zones in the range of 22200 to 23000. Its not easy for the Bank Nifty to sustain above 23000 in next week. In any case if it will manage to sustain above 23000 then It may test it's next Strong Supply zone near 24500.
2. In any case If Bank Nifty will sustain below 22700 then it may test its next Strong Demand Zone @ 20700-20950.
Thank X :)
NIFTY: Don’t Try To Predict the Stock MarketWhy I have mentioned that "Don’t try to predict the stock market" because last week I have updated my Nifty Weekly Post on Saturday and SGX Nifty was down by approx more then 100 points. But my trading setup was saying different story. I posted "Nifty: very less probability to break or sustain below 10000" and finally Nifty closed on the week's high.
Nifty this week trading setup is:-
10480 - 10680 (MULTIPAL DEMAND AND SUPPLY ZONE)
10270-10310 (MULTIPAL DEMAND AND SUPPLY ZONES)
1. I don't think so Nifty will trade or sustain above 10700 because there are multiple very strong supply zones. So I have a current short position
in 10700 call @ 60 (Updated this Trade in last week's Nifty post.). In any case if it will sustain above 10700 then I will close my current short
position and will take a long position. In this case I will update next levels in this post.
2. On the upside there is a very strong supply zone @ 10640-10680 and On the downside there is a demand zone @ 10480-10530. So 10480 to 10680
will be no trade zone. It's difficult to get the follow through on the both side in this zone and it will be a choppy market in this wide trading
zone.
3. If Nifty will sustain below 10480 then it may test next demand zone @ 10240-10310. In this case I may add more short position in Nifty.
Still my setup is not allowing me to think for the 9000-8000-7000-5000 etc. levels in Nifty in coming days or weeks. So I will respect the screen, price and trend instead of doing prediction.
Thank X :)--- Have a gr8 Weekend ---
HDFC Bank is trading above it's Major Supply ZoneHDFC Bank is trading above it's Major Supply Zone @ 1000-1020.
If it will manage to sustain above this zone then It may test it's next Supply Zones (Please find the Supply Zones in the Chart).
It will be more strong above 1060.
In the 1000 to 1060 range I may sell 1000 put for JUL Exp and Once it will sustain above 1060 I may buy a Fut as a positional trade.
I will update this post once I will take a trade.
Thank X :)
Nifty: very less probability to break or sustain below 10000My Trading Setup for NIFTY for the Next Week:-
Demand Zones: Supply Zones:-
10250 - 10310 (Strong Demand Zone) 10490 - 10520 (Strong Supply Zone)
10100 - 10130 (Minor Demand Zone) 10620-10640 (Very Strong Supply Zone)
9950 - 10000 (Very Strong Demand Zone)
Option Data:-
Max OI and Max Chg% in OI in Call @ 11000
Max OI in Put @ 10000
Max Chg in Put OI @ 10300
Nifty trading range is 10000 to 10500. According to the data and chart there is a very less probability to break 10000 or sustain below 10000.
In any case if Nifty will come to 10240-10300 and if it will manage to sustain this zone then I may take a long position in put writing.
In any case if Nifty will sustain below 10240-10300 then I may take a short position in Fut and call writing.
I will update this post during my intraday trade in Nifty...Follow this post for the trade notification.
Thank x
Bank Nifty: Multiple Strong Demand and Supply ZonesDemand Zone:-
20900 - 21350 ( Demand Zone )
20700 - 20900 (Very Strong Demand Zone )
Supply Zone:-
22000 - 22450 (Strong Supply Zone )
Bank Nifty having multiple Strong Demand Zones on the downside and multiple Strong Supply Zones on the upside.
In this situation I will only trade in option buying when I will see the swing in Bank Nifty
I will share my BNF option buying trades in this post. Follow this post if u want the notification of my trades.
Thank x :)
Bank Nifty Expiry Supply and Demand ZonesBank Nifty Closed in it's Minor Demand Zone @ 21300-21520.
If it will manage to sustain above this zone then next Supply Zone @ 21700-21880.
In any case if it will sustain below 21300 then Next Major Demand Zone @ 20650-20750.
I will take a short position below 21300.
Thank x
Trade Well :)
Bank Nifty Supply-Demand Zones and Trading Range20650 to 21850 is a very important range for the Bank Nifty.
Daily closing or sustain below 20650 Bank Nifty may test it's 20000 and demand zone @ 19300-19500.
Daily closing or sustain above 21850 Bank Nifty may test its next supply zone @ 21450 and 22950-23200.
Thank x
Trade Well
Nifty: My weekly View on NiftySupply Zones and Demand Zones
Very Strong Demand Zone @ 9900-10000
Demand Zone @ 10100
Supply Zones @ 10300 / 10485-10525 / 10600-10645
1st weakness sign will come once Nifty will manage to sustain below it's MAJOR DEMAND ZONE @ 9900-10000. Nifty will be a buy on dips for me above its major demand zone.
In any case If Nifty will sustain above it's SUPPLY ZONE @ 10310 then it may test it's next supply zones on the upside (Please find the supply zones in the chart).
I was not able to update my pervious Nifty post but I will update this post if i will take any trade in Nifty.
Thank x
Have a gr8 weekend
Nifty New Trading ZoneNifty new trading zone is 9500-10000. There is a wide sideways zone @ 9725 to 9835.
In any case, if it will come to 9500 and will manage to sustain above this demand zone then I will take a short position in 9500 put and If it will come to 10000 but not manage to sustain above this supply zone then I may take a short position in 10000 call.
I will update this post if I will take intraday or option writing trade.
Thank x
:)
CUMMINSIND AS A POSITIONAL TRADE ON LONG SIDECummins India is trading very near to its major Supply Zone.
Once it will sustain above its major supply zone @ 405 then it may test its next supply zones on the upper side.
I will go long if it will sustain above 405.
Please find the demand and supply zones for the stop loss and target.
Thank x
ITC: Positional Trade...Find the Demand and Supply ZonesThere is a Verry Strong Demand Zone @ 190 Zone. Next Minor Demand Zone @ 200 level. Now it is trading above 200 so in the coming weeks, it may test its next Supply Zones on the Upside...
Please find the Demand and Supply Zones for the Target and Stoploss.
Thank x Trade Well
Nifty Supply and Demand ZonesThere is a Short Turm Major demand Zone @ 10100-10180 and Short Turm Supply Zone @ 10240-10300.
I will take these both zones as sideways zones. If Nifty will trade between these zones I may take a position in option writing. I may take an aggressive long position once Nifty will sustain above 10300. I strickly avoid a short position in Nifty at the monument.
I will update this post if I will take a trade-in Nifty.