Please find the supply and demand zones in the chart.
Data is suggesting that Nifty range will 11200-11300.
Nifty Intraday strong demand zone is 11225-11235 and strong supply zone is 11300.
My Trading Plan will be: I will buy Nifty Future If Nifty will sustain 15 to 30 min above 11300 then again we can see the short covering and it may test 11350-11400.
If Nifty will be sideways in first hour and it will hold 11220 then I will sell 11200 put option. (This is not a sideways market if you will see in higher time from sop I will avoid to see call option.)
Data is suggesting that Nifty range will 11200-11300.
Nifty Intraday strong demand zone is 11225-11235 and strong supply zone is 11300.
My Trading Plan will be: I will buy Nifty Future If Nifty will sustain 15 to 30 min above 11300 then again we can see the short covering and it may test 11350-11400.
If Nifty will be sideways in first hour and it will hold 11220 then I will sell 11200 put option. (This is not a sideways market if you will see in higher time from sop I will avoid to see call option.)
Trade active:
As per my trading plan Sold 11200 Put @ 48
Comment:
Carried above position.
