It will be strong if it will sustain above 1050. If it will manage to sustain above this level then it may test its upper supply zones. Please find the supply and demand zones for target and stop loss.
RANGE SHIFTS IN NIFTY
There was a wide range of 9300 to 8800 and a small range of 9000-9300, Today it was managed to close above the upper range. Now 9000 will be strong support and on the upper side Nifty may fill try to fill the gap @ 9550-9750 first and then it may show another 250 to 350 points move above this gap.
Find the link below for my position trade...
Reliance is looking good above 1380-1400. If it will manage to sustain above this zone then it may test its next supply zones soon. Please find the demand and supply zones for the target and stop loss.
There is a High Probability that Torrent Pharma will brake its trendline and Trade above its breakout level.
Please find the demand and supply zones for the target and stop loss.
Importance of the lines.
There is a high probability of breakdown of this sideways range. So I will prefer to trade is call writing. Below 9000 zone I may add more quantity in call writing as well as will go short in NF FUT also.
Nifty is trading in the sideways range of 8950-9000 (Short Turm Major Demand Zone) and 9500-9580 (Short Turm Major Supply Zone).
Major move is expected above or below this zone.
I will avoid short position in Nifty because in the sideways range it is making Higher High and Lower Low. There is a maximum possibility that Nifty will give breakout and manage to...
As I have mentioned in my earlier posts that Nifty is trading in the wide sideways zone and I will prefer to trade in option writing instead of trading in FUT. My view is still the same. So on Thursday I sold 9600 call and booked today on the lower level and made a short position in 9000 put.
On the downside 8970-9000 is a strong demand zone for this week and...
Bank Nifty Trading range is 19000-21800.
19100-19200 is a short term strong demand zone and on the upside supply zone @ 19750-19800 and 20440.
If it will manage to sustain below 19000 then we may see further downside.