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Nifty 50 Index

Nifty: Downtrend or Time Correction

By svapnilchoksi
Updated
Supply Zone @ 17385-17460
Demand Zone @ 16900-17095

Condition 1: Time wise correction between 17275-17460...
Condition 2: Sustain below 17275 downtrend will continue and test next Demand Zone.
Trade active
Long Trade with the stop loss of lower level of Demand Zone
snapshot
Trade closed: stop reached
Note
snapshot
Note
snapshot
Trade closed: target reached
Options Short positions closed near 17000 ... premiums almost near 2 and 3...
NIFTYsupplyandemandzonessupplydemandtradingTrend Analysis
svapnilchoksi
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