Next week Range: 11500-11800 / If it will manage to sustain above 11800 then next range will be 11800-12000.
Major Supply Zone @ 11750-11800 and Major Demand Zone @ 11500-11550.
Minor Supply Zone @ 11650-11700.
If Nifty will manage to sustain above 11650-11700 then it may test it's Next Supply Zone @ 11750-11800.
If Nifty will manage to sustain below 11650 then it will be the no trade zone because its difficult to get follow through in short position.
Above 11700 it may give good swing trade to 11750-11800. In this case I may take a long position in Fut.
I will use any dip below 11650 to sell 11500 put.
Thank You
Major Supply Zone @ 11750-11800 and Major Demand Zone @ 11500-11550.
Minor Supply Zone @ 11650-11700.
If Nifty will manage to sustain above 11650-11700 then it may test it's Next Supply Zone @ 11750-11800.
If Nifty will manage to sustain below 11650 then it will be the no trade zone because its difficult to get follow through in short position.
Above 11700 it may give good swing trade to 11750-11800. In this case I may take a long position in Fut.
I will use any dip below 11650 to sell 11500 put.
Thank You
