Nifty Levels 4th Aug Current Expiry
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Strong Supply Zone @ 17800-17900
Strong Demand Zone @ 16750-16850
Any Case Sustain below 17050-17000 will test Strong Demand Zone.
Any Case Sustain above 17400 will test Strong Supply Zone.
Positive sign if it will Consolidate between 17000-17400.
Please Refer to Previous Post.
Strong Demand Zone @ 16750-16850
Any Case Sustain below 17050-17000 will test Strong Demand Zone.
Any Case Sustain above 17400 will test Strong Supply Zone.
Positive sign if it will Consolidate between 17000-17400.
Please Refer to Previous Post.
Nota
As I have mentioned my Pervious post my Final Target is 17300-400 but I am not in hurry to book profit because I am long from lower levels @ 16450 and currently I am seeing 17150-17050 is a good Support... Lets see what price action suggest in coming time.
Nota
It is approaching to the final target.There is a resistance level @ 17450 on Monthly Chart.
There is a Supply Zone @ 17375-17145.
All above levels should stop trending market.
As I mentioned in pervious post I have a long position from 16450 So I will book my Future position near the resistance level.
Also, I will review my Short Position in 16950 PE-current exp.
Nota
There is No Sign of Weakness in closing hours .. So no plan for profit booking.Nota
Booked all long position...(Fut and Option Both)Made a short position in 17400 CE current exp. SL is 40 points.(will exit if it will sustain above 17300).
Still I am not Sure about the follow through in Short Position.
Nota
Short Trade is Looking Perfect. Not getting follow through on Long Side Now. Still its difficult to get follow through on short side also but time decay will help to get the profit.Now I got the Supply and Demand for Current Exp.
Nota
SL Triggered in Short Position...Reverse Position:- Long Fut
Short 17150 PE 11th Aug
Nota
Please follow the new post for the further updates.
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