Last hope is 17800-17900 Demand Zone.
it may test next Demand Zone @ 17400-17450 if Bearish price action below demand zone. (I will prefer to sell ITM CE.)
Bullish Price Action above from 17800-17900 I will avoid aggressive long position because there is a wide Supply Zone @ 17950-18300. (I will prefer to sell OTM PE).
Current Positions: 18100 CE Short 12th Jan Exp...(First Sold @ 200 - Booked @ 160 Again Sold @ 130 - Currently Holding)
18000 PE Bought @ 110 12th Jan Exp...(Currently Holding)
I am not a Intraday Trader. This my positional view (12th Jan Exp).
Checkout my above trades in previous post updates.
it may test next Demand Zone @ 17400-17450 if Bearish price action below demand zone. (I will prefer to sell ITM CE.)
Bullish Price Action above from 17800-17900 I will avoid aggressive long position because there is a wide Supply Zone @ 17950-18300. (I will prefer to sell OTM PE).
Current Positions: 18100 CE Short 12th Jan Exp...(First Sold @ 200 - Booked @ 160 Again Sold @ 130 - Currently Holding)
18000 PE Bought @ 110 12th Jan Exp...(Currently Holding)
I am not a Intraday Trader. This my positional view (12th Jan Exp).
Checkout my above trades in previous post updates.
Trade active:
Sold 17900 PE 12th Jan PE @ 75
Comment:
Shifted Strike @ 1800 PE @ 100
Trade closed: stop reached
Trade active:
Short 1800 CE @ 120...
Comment:
Absent of strong buying in the 17950-18300 Supply Zone...
Still there is a demand zone @ 17800-17900 but I think if Strong buying is missing means today it may close below 17800...Lets see
Still there is a demand zone @ 17800-17900 but I think if Strong buying is missing means today it may close below 17800...Lets see
Comment:
If Nifty will manage to Hold demand zone @ 17800-17900 then also I dont think so Strong Buying will come from the zone because Nifty made a Resistance Near Lower Zone of Supply Zone @ 17950 in the morning hours.
Position Update: Holding short position 18000 CE (Sold @ 120) (CMP @ 60)...My SL @ 160. As I mentioned I am not a intraday trader I am going to carry this position unless market will force me to exit.
Thank x...and...Have gr8 weekend...
Position Update: Holding short position 18000 CE (Sold @ 120) (CMP @ 60)...My SL @ 160. As I mentioned I am not a intraday trader I am going to carry this position unless market will force me to exit.
Thank x...and...Have gr8 weekend...
Comment:
Here what happed which i mentioned in my last update...bounced 17800 (lower level of Demand Zone) but it was a weak bounce and not able to even cleared 17900 (Upper level of Demand Zone)
