svapnilchoksi

svapnilchoksi Updated 

This is my positional view...it's not for a trading but buy Bank Nifty in cash... There was a selling pressure from 44000 and from 27th January there was a buying pressure from 37000. In short there is a wide range from 44000 to 37000. There is no strong bearish candle in monthly chart and price action pattern is very strong with higher high - lower low. In daily...

svapnilchoksi Updated 

I am expecting price / time wise correction in current exp. I will change my view once it will move above 17900.

svapnilchoksi Updated 

Levels are mentioned in the chart.... All the levels are for position trade for next expiry.

svapnilchoksi Updated 

If Nifty is managed to sustain above 17900-17960 then there is a high possibility to test it's next supply zone @ 18220-18320 in the next week. I am expecting positive high volatility above 18220-18320 and choppy and sideways move between 17900-18320. Other side of it will brake 17900 then it will be weak but I am not expecting smooth follow through on the down...

svapnilchoksi

Bank Nifty is approaching to it's Demand Zone @ 41150-41250. Now it doesn't have a strength to brake and Sustain below the Demand Zone . Also from last two days volatility is increased. It has a wide Supply Zone on the upper side so not expecting trending but at list expecting sideways move may end in next week. This is purely positional view.

svapnilchoksi Updated 

Higher Side Supply Zone @ 17935-18320 Downside Demand Zone @ 17400-17450 There is a zone @ 17800-17900 also but currently Nifty is trading between the zone so, I neither consider as a Demand Zone nor Supply Zone. As a Supply Demand system follower currently I dont have any view and between 17800-17900. So currently I am holding natural option selling...

svapnilchoksi Updated 

There is a Supply Zone @ 17800-17900 and 17935 to 18320. Currently it is trading in the 17800-17900 Supply Zone. Risk to reword is favourable to take a short position. It will be strong once 17800-17900 supply zone will convert into Demand Zone.

svapnilchoksi Updated 

There is a Supply Zone on Weekly Chart @ 17800-17900 and Supply Zone on Daily chart @ 17850-17900. There is Demand Zone on Weekly Chart @ 17400-17450 and Demand Zone on Daily Chart @ 16780-17745. Normally there should be a follow through in price from weekly supply zone but Nifty is taking support from it's daily demand zone. Also there is a positive RSI...

svapnilchoksi Updated 

There is a Supply Zone @ 17800-17900 in Weekly and Monthly both Timeframe. Weekly closed in the Supply Zone. Nifty having multiple supply zones @ 17800-17900 and 17935-18300. There are multiple Supply Zones on the Upper side. Demand Zone @ 17400-17450 I will find sell opportunity if there is a negative price action from Supply Zone. I will find buy opportunity...

svapnilchoksi

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svapnilchoksi Updated 

As supply and demand levels mentioned in the chart. There is a weak buying from 17400-17450 Demand Zone. There is a high probability to brake 17400 and test 17000 in coming days. I am considering this as a bounce from oversold market on lower time frame but still high timeframe is not oversold. Still this is a sell on rise market below 17910.

svapnilchoksi

As I mentioned in the chart and my previous post Nifty Broke it's Daily Demand Zone with very Strong Candle. Currently it is trading near it's multiple Demand Zones which are @ 17800-17900. This is going to be it's 4th attempt. The way it broke 18025 to 18125 demand zone. There is a high probability to brake 17800-17900 demand zone. But let's see, Final...

svapnilchoksi Updated 

There is a wide range of supply zone @ 17950-18320. To get the bullish strength Nifty need to show strong price action above 181250 to 18200 zone then only I can consider that 17950-18320 as a demand zone. Below 18200 I will consider 17950-18320 as a supply zone. i am not a intraday trader so this is my positional view for monthly exp.

svapnilchoksi Updated 

As per the pervious post Supply and Demand Zone levels are the same. Todays Price action was a follow through of Friday's price action. Also it was a strong candle from the lower zone of Supply Zone (17950) and managed to close near 18050. Starting of this exp there was a strong call and put writing in 17900 and 18000 in monthly exp. Today there was a massive...

svapnilchoksi Updated 

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...

svapnilchoksi Updated 

There a wide Supply / Demand Zone @ 18300-17950. After Friday's weakness Nifty sustain above Friday's low. I am considering this sideways move as a time wise correction and expecting trending move above 18320. I am not a intraday trader...I am a positional option seller. So my view is for next exp(12th Jan).

svapnilchoksi Updated 

I was expecting above 18000 move in but it was without volume move from 17500-17800. There are multiple resistance @ 17800-17900-18000. I am getting a good risk to reword. I will reverse my view once it will sustain above 17800-900.

svapnilchoksi Updated 

17800-17900 is a good level for bears to Short Nifty. Today Short Sellers tried to short Nifty from 17700-17750 level but they are not getting follow through. Buyers are very strong and using every dip as a buying opportunity. 1st Buying base was 17150 then 2nd was 17400, Current base @ 17500-17600. Buyers are successfully managed to come one step above other...