Nifty @ Supply Zone
Updated
It's better to follow the price instead of to predict the price as an option seller.
Currently Nifty @ Reaction Zone. There is a high probability to see strong price action on the any side within a day or two.
Bullish price action will take nifty to the next supply zone @ 17800-17900
and
Bearish price action will take nifty to the next support @ 17000 and 16850-16900.
Let's See....
Currently Nifty @ Reaction Zone. There is a high probability to see strong price action on the any side within a day or two.
Bullish price action will take nifty to the next supply zone @ 17800-17900
and
Bearish price action will take nifty to the next support @ 17000 and 16850-16900.
Let's See....
Trade active
Done for this Week Exp...Shifted to Next Week Exp...Note
Note
As I mentioned in earlier update...I am expecting trending market till 17700-17800..Every dip was a buying opportunity....As an option seller it's very important for a right time entry to manage risk reword.
I believe in chart rather than to believe in any event.
All positions made in 13th Apr Exp (Sl of 17375). I am lees consult about the price till next exp. I will take a benefit of thita dacey...
i will publish new post in the next week for the 20th Apr Exp.
Have a gr8 long weekend ....
Note
Bank Nifty 40900 PE looking interesting @ 220 ... Sl 198 --- may test 265-300Note
Bank Nifty may test 40700-720Trade closed: target reached
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