Bank Nifty is looking weak below it's Supply Zone @ 23600-23800.
If it will not able to sustain above 23600 then I may short 24000 call option...
Once it will sustain below 23500 and if it will give follow through below this level then I may take a short position in Fut for the target of 23250-23200. If it will sustain below 23200 then next target will be 23000.
There is a gap on daily chart @ 1150-1180...It is very important to give daily close above 1180....
If it will manage to close above 1180 then it may test it's next supply zones on the upper side @ 1210-1230 / 1265-1280 / 1270-1300 within 3 days to 3 week time.
Maruti is Looking good above 6950-7020...If it will manage to sustain this demand zone then it may test it's next supply zones on the upper side @ 7160-7175 / 7215-7230 / 7350-7370 / 7450-7500 in 3 days to 3 weeks.
Next week Range: 11500-11800 / If it will manage to sustain above 11800 then next range will be 11800-12000.
Major Supply Zone @ 11750-11800 and Major Demand Zone @ 11500-11550.
Minor Supply Zone @ 11650-11700.
If Nifty will manage to sustain above 11650-11700 then it may test it's Next Supply Zone @ 11750-11800.
If Nifty will manage to sustain below 11650 then...
Very Strong Demand Zone @ 23000-23200
Demand Zone @ 23800-2400
Supply Zone @ 24900-25150
Supply Zone @ 25800-2600
If bank Nifty will manage to sustain above 24000 then I may sell 24000 put.
In any case If Bank Nifty will trade above 25150 then I may tong a long position in Fut for the trade of next supply zone @ 25800-26000.
I will think for the call writing or...
Strong Demand Zone @ 23150-23250.
Minor Resistance @ 23450
Strong Supply Zone @ 23800-2400.
I will short the 23000 put for the next exp if it will manage to hold above 23150-23250.
Once it will trade above 23450 then I will go long in Fut for the target of next supply zone @ 23800-24000.