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...
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...
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.
Nifty closed @ 9250. There is a supply zone @ 9260-9310, resistance @ 9440 and major supply zone @ 9500-9590.
There is a strong demand zone @ 8970-9000 and minor support @ 8800 on the downside.
Nifty is trading in the wide sideways range of 9000-9500. In the sideways range, I will prefer to trade in OTM option writing. I will prefer to take a position in...
NIFTY close @ 9250. On the upside, there is a major supply zone near the 10000 levels.
And on the downside, there is a major demand zone for this week near the 8800-9000 zone.
Below 8800 next demand zone @ near 8500.
NIITTECH is looking good as a position trade...Stoploss will be the major demand zone and 1st supply zone as a 1 st target and 2nd major supply zone as a final target.
This is just a bounce in NIITTECH.
On the upside, there is a supply zone @ 9300-9420 and a major supply zone @ 9490-9580.
On the downside short turm major demand zone @ 9870-9000.
Still, I prefer to trade in the option selling instead of trade in FUT between 9000-9580 zone.
I am seeing a limited upside so today sold 9600 call @ 49 for 14th May exp. (Update this trade-in yesterday nifty post).
Please find the supply and demand zones in the chart.
On the downside major demand zone @ 19000-19200 and upside resistance @ 20500.
I will update my nifty trade in this post. So who will follow this post will get the notification.
As I have mentioned in my yesterday post still my view is the same. I am not expecting Nifty Expery below 9000 and above 9500. On the first day of the expery, I have taken a short position in 9600 call (Trade Shared in my Nifty Post.) and today made a short position in 9000 put (trade shared in the yesterday Nifty post).
The interesting part in the data is...
Bank Nifty closed in its demand zone @ 19700-19800.
On the upside, there is a resistance @ 20450 and a major supply zone @ 21300-21850.
On the downside, there is a demand zone @ 19100-19250.
According to my trade plan, If Bank Nifty will sustain below 19100 then I will take a short position in FUT for the target of the next demand zone. I will avoid long...