Supply_and_demand
Intraday Ideas ACC LongPlease Read the Disclaimer below before taking any trade.
Volume Profile Driven Demand and Supply Analysis- ACC-Long
Entry @ 1145
Stop Loss @ 1134.85
Target @ 1165.3
Take care of your Risk Management, for example you are taking risk of say 200 INR, then your quantity of trade is calculated as risk(200)/difference of entry(1145) and Stop loss(1134.85).
Risk Management is very important, Please do not mess with that.
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Bank Nifty CLosed below its Major Demand ZoneToday BNF closed below it’s major and wide demand zone @ 23000-22300 and it’s not a good sign. In the 2nd half, BNF failed to sustain above this zone so I took a short position in BNF and carried this trade when I got the confirmation that it is going to close below this zone.
Demand Zones
21400-21750
Supply Zones
22300-23000
Nifty Intraday Supply and Demand Zones 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 @ 8750-8850 Zone.
Still, my levels and are the same. Please see the chart for the same.
Intraday view: I don't think so Nifty will easily sustain below 8750-8850 but in any case, if it will sustain then it may test 8530-8200.
tgram a t swapniltradingroom
NIFTY SHORT ( INTRADAY ) NIFTY SHORT ENTRY 11466 ,STOP-LOSS 11511, TARGET PRICE 11344.
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
JUSTDIAL LONG ( INTRADAY )JUSTDIAL LONG ENTRY 710.60 , STOP-LOSS 702.10, TARGET PRICE 732.60.
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
AXIS BANK LONG ( INTRADAY )AXIS BANK LONG ENTRY 651, STOP-LOSS 645.30, TARGET PRICE 666.
NOTE : CONSULT YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
TITAN LONG ( POSITIONAL )TITAN LONG ENTRY 1097, STOP-LOSS 1081 , TARGET PRICE 1136.
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION .
NIFTY LONG ( INTRADAY )NIFTY LONG ENTRY 10987, STOP-LOSS 10939 , TARGET PRICE 11116.
NOTE : CONSULT YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
NIFTY LONG ( INTRADAY )NIFTY LONG ENTRY 10929.50, STOP-LOSS 10890, TARGET 11000.
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
