Swapilchoksi

Swapilchoksi Updated 

Finally Nifty closed in the major supply zone @ 9365-950. On the downside short term major demand zone @ 8850-9100. If Nifty will sustain 9350 which is a lower level of its supply zone then it may test 9500 which is a higher level of the supply zone. Supply Zone is very wide so it is difficult to get a valid technical stop loss so I made a short position...

Swapilchoksi Updated 

TATACHE is breaking its supply zone @ 290-294. If it will manage to sustain above this zone then it may test its next supply zone @ 306-308

Swapilchoksi

DJI trading in the Consolidation Zone. There is a demand zone @ 23450-23700 and 22650-22950 is a short turm major demand zone on the downside. If it will sustain manage to sustain above 23450-23700 then there is a maximum possibility that it may break this Consolidation Zone on the upside and test its next major supply zone @ 24650-25000.

Swapilchoksi

Bank Nifty trading in the trend line channel. On the upper side major supply zone @ 21500-21800 and downside short turm major demand zone @ 19000-19200. Also, there is trendline support near the demand zone. In any case, if Bank Nifty will break and sustain below 19000 then minimum 1000 points downside range will open. The yellow zone is an OTM option...

Swapilchoksi

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...

Swapilchoksi

Bank Nifty closed near its demand zone @ 19350-19500. It also took the support of the trendline. On the upper side major supply zone @ 21400-21500. In any case if Bank Nifty will break and sustain below 19350 zones then another 800-1000 points downside range will open and may test its next demand zone @ 18500-18750. tgram a t swapniltradingroom

Swapilchoksi

On the daily chart also there is a supply zone @ 9350-9500. On the downside there is a demand zone @ 8650-8850 and there is trendline support around these levels.

Swapilchoksi

Last week candle was not able to sustain above its supply zone @ 21150-21800. Even it failed to close in this supply zone. On the downside, there is a demand zone @ 19500-19650 and weekly close is above this zone. In any case, weekly close below 19500-19650 another 1500-2000 points downside range will open.

Swapilchoksi

This month candle is facing resistance @ its major supply zone @ 9275-9460. On the downside, there is a wide range of demand zones @ 7750-8460. Below 7750-8460 there is a major demand zone @ 6550-6850. I am not expecting this month's Nifty closing above 9460.

Swapilchoksi

19000-19300 is a strong demand zone for this week. On the upside 19650-20450 is a strong supply zone. As I have mentioned yesterday Bank Nifty is trading in the wide sideways range. Bank Nifty is compared to weak. I will wait for the trend confirmation then only I will prefer to trade in the Bank Nifty. Right now I may avoid trading.

Swapilchoksi

It's a positive sign that Nifty closed above its supply zone @ 8850-9100. But on the upside, there is a major supply zone @ 9350-9500. As I have mentioned yesterday Nifty is trading sideways in the wide trading zone. In this type of trade setup, I will prefer to trade in OTM option selling instead of trading in FUT. I have a short position in 8600 and 8800 put...

Swapilchoksi Updated 

8810-9100 is a strong support zone for this week. On the upside 9350-9500 is a strong supply zone. I am expecting a sideways move in this wide zone. As I have mentioned in my earlier posts also, I will trade in OTM option writing instead of trading in FUT. An intraday follow-through is possible when a breakout or break out of these zones.

Swapilchoksi

19000-19300 is a strong demand zone for this week. On the upside 19650-20450 is a strong supply zone. Expecting a sideways move in this wide zone.

Swapilchoksi Updated 

Bank Nifty closed near its demand zone on hourly and weekly charts. Today it failed to close above it’s 2800 which is a lower level of its supply zone on the daily chart. In the wide range of sideways zones or trading between multiple demand and supply zones, I will prefer to trade in OTM option selling instead of trade in Fut.

Swapilchoksi Updated 

Nifty is facing resistance @ 9320 on it’s daily, Hourly and Weekly chart and today's close is below this level. On the downside of the hourly chart 8850-9100 is a short term demand zone. Strength is missing on the upper side so I will prefer to take a position in OTM option selling instead of Fut position.

Swapilchoksi Updated 

There is a supply zone @ 395-405 in CumminsIndia. Friday it was managed to sustain in this zone. It will be the Intraday swing trade for me once it will sustain above 405 for the target of its next supply zone @ 437-443. If it will respect my trade plan then it may be a short turm position trade(1-5 days) trade for me. condition: IF IT WILL NOT...

Swapilchoksi Updated 

Axis Bank closed in the supply zone of 474-488. Once it will sustain above this zone it may move above 500 and test its next supply zone @ 514-519 and 534-550. I will avoid this trade if it will not hold 474 level. tgram a t swapniltradingroom

Swapilchoksi Updated 

Last week's short term intraday strong demand zone was @ 8650-8850. Now it is shifted to 8850-9100. On the upper side 9360-9500 is a supply zone and 9675-9820 is a major supply zone on a short term time frame. According to the option OI data max call writes are @ 9500 and max ut writers @ 9000. According to the data and supply and demand zone 8850-9100...