Swapilchoksi

Swapilchoksi

Yesterday Bank Nifty closed above its supply zone @ 17800-18360. Today if it will manage to sustain above this zone it may test 19100-19400. There is less probability to sustain below this zone. 19750-20230 is a short term major supply zone.

Swapilchoksi

Yesterday Nifty closed above its very short term major supply zone @ 8000-8100. On the upper side next demand zone @ 8250-8330. Once it sustains above this zone it may test it’s next very short term major supply zone @ 8520-8660. It’s not easy to sustain above this zone. In any case, if it will manage to sustain then it may test its next supply zone @ 8880-9000....

Swapilchoksi

Bank Nifty next supply zone @ 17500-17600. Once it sustains above this zone it may test its next supply zone @ 18400-18900 but be careful this move may not have strength. On the downside, once it will sustain below 16300 then only I will sell for the target of 15500. 16300-17600 will be the no-trade zone for me, I may take the trade-in option selling in this...

Swapilchoksi

Nifty closed near its supply zone @ 7850-8000. The demand zone is very wide @ 7450-7750. I am not interested in taking any trade-in fut between 7450-8000 because It’s a sideways zone for me. Nifty may be volatile and it may move both sides in this zone. Option selling is a good option in this trading range. In option selling positive is we are very close to the...

Swapilchoksi

Bank Nifty closed above its demand zone @ 16700-16800. Once it sustains below this zone it may test its next support @ 16300 and 15500. On the upper side if it will hold 16800 zones then again it may test 17500-17600 zone.

Swapilchoksi

As I have mentioned yesterday post that if Nifty sustains below 8050 it may test 7650. Today it closed @ 7610. Now two major demand zones on the long term chart are clearly seen at 7000-7250 and 6300-6500. On the upper side, there are two supply zones @ 7850-8000 and 8250-8350. It will be a good selling opportunity if Nifty will test the upper zone of these...

Swapilchoksi

There is no clear view of the intraday. Let's see where BNF will open on Monday then I will make a decision. 19000-21800 will be no trade zone for me. Demand Zones 19800-20300 - Major Demand Zone for the Intraday 18350 - Minor Support Supply Zones 21450-21800 tgam a t swapniltradingroom

Swapilchoksi

Bank Nifty major demand zone @ 17500-18200. This is major support on the Weekly and Monthly chart. Let's see BNF will hold this support or not if it will fail to hold this support and manage to sustain below this zone then we can see the BNF @ 15700-16300 and 13300-14000.

Swapilchoksi

I believe that sometimes supply and demand will not work in the news base market. I don't know where and when the market will make bottom but As per my limited knowledge, there are multiple supports near the 6300-7000 zone on weekly as well as a monthly chart. According to this analysys, I don't think in the worst case the market will easily sustain below this zone.

Swapilchoksi

Nifty may trade in 9150-8050. This will be the no-trade zone for me or I may think for option selling but only if I am comfortable with IVX. In any case, if it will sustain above 9150 then I may take a long position for the target of 9350-9450. And on the downside, Also small move to 9050-9150 possible if it will sustain above 8850. if it will sustain below 8050...

Swapilchoksi

DJI trading very near to its major demand zones on both weekly and monthly charts. Yesterday DJI closed in its major demand zone @ 18800-19300 on the Monthly chart. Next week if it will sustain below this zone then it may test its minor demand zone @ 18000-18500 and in the worst case, it may test its major demand zone @ 17000-17500. Due to the volatility, these...

Swapilchoksi Updated 

Today 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

Swapilchoksi Updated 

Today Nifty tried to sustain above its minor supply zone @ 9350-9450 but it failed to sustain and in the last hour sell-off it was closed below its next demand zone @ 9100. Now, both levels are resistant for Nifty. I took a short trade when I got the double confirmation when Nifty rejected the 9350-9450 zone 2nd time. I carried this trade because today’s below...

Swapilchoksi Updated 

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 @...

Swapilchoksi

22970-22330 is a demand zone. Once It will sustain below its upper zone level then it may test 22330 which is a lower level of this zone. On the upper side, 23440-23570 and 24250-24500 are supply zones.

Swapilchoksi Updated 

Now the major concern to find the right entry and exit in this volatile market. 9950 - 10170 is the first level to watch because its a major supply zone on a weekly chart. If Nifty will manage to sustain above this zone then it may test 10300-10400-10600. My seance it that it's very difficult to sustain nifty any level above 10000 because there are may resistance...

Swapilchoksi Updated 

Nifty changed its trading zone from 10000-12500 to 8800-10000. 8800-9100 is minor support on the monthly chart. If it will fail to sustain above this zone then the next major support zone is 6300-6900. On the weekly chart, the lower side trending candle is formed. It means next week also we should get the swing trades on the lower side.

Swapilchoksi

In this correction, the IT Index Long turm chart is still bullish. Somehow it manages to sustain above its major demand zone @ 13600-14300 on weekly chart and14500 is very strong support on the daily chart.