On the downside 8850-9100 is a short turm strong demand zone and there is a trend line support at the same level.
According to the options data 9500 is a major resistance because there is the highest open interest in call writing. On the downside highest open interest in 9000 put writing. But an interesting thing in 9000 Put, there was a heavy unwinding in...
According to the Intraday chart there is a supply zone @ 9050-9110 and demand zone @ 8650-8700. According to the weekly chart, there is a demand zone @ 8800-8950. On Monday Nifty took to support it’s weekly demand zone and closed above 9000. In short, there are multiple demand zones below 9000 on intraday and as well as a weekly chart.
According to the...
IN HIGHER TIME FRAME NIFTY IS IN BEARISH BT IF YOU WANT TO TAKE THE GOOD ENTRY IN NIFTY OR FOR INTRADAY
SITUATION 01: IF YELLOW LINE BREAK ABOVE SIDE ITS LOOKING TO TOUCH THE LEVEL OF 900
YOU CAN BUY NIFTY 8689
WITH PROTECIVE STOP AT 8422
TARGET 8831-9046-9200
(IF NIFTY TOUCH 9000 YOU CAN SHORT )
SITUATION 02 : IF NIFTY BREAK LEVEL OF 8422 (YELLOW LINE )
YOU...
Nifty is making lower highs and lower low in higher time frame Nifty closed @ 12080 and there are multiple supply and demand zones in 12980-12200.
I am Bearish in Nifty but I will trade in Nifty once it will start respecting any supply and demand zone between 12980-12200 or sustaining below 11980 or 12200.
Hello,
As I published in my yesterday post that Nifty will be strong if it will sustain above 12160-12170. If it will sustain above 12170-12200 it may test 12270-12295 and downside support @ 12160-12170 and 12115-12085.
I will avoid a short position.
Trade well
