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svapnilchoksi
Jul 6, 2023 8:10 AM

Nifty: Expecting Time Wise Correction Short

Nifty 50 IndexNSE

Description

I am expecting time wise correction in between 19200-19540.

19100-19200 is a demand area
19540-19640 is a supply area

I may update my trades as I updated in my pervious post.

Comment

As I mentioned in my pervious post:-
Holding Short Position in 19500 CE @ 95 with 10-15 point risk.

Comment

Slightly worried because still follow through in pending in my favour ...
Let's see

Comment

Covered short position...
It's time to buy
Took short position in 19500 PE @ 125

Comment

Exited from Short in 19500 PE @ 102
and made a short position in 19500 CE @ 95

Comment

Now I am confident in my short position

Comment

Comment

Booked profit in 19500 CE @ 45...
Took Short position in 19200 PE @ 33...

Because of

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Brake down conform...exit almost cost to cost and re-enter in short position in 19500 CE

Comment

FinNifty 20100 CE @ 112..looking interesting with risk of 13 points...

Comment

20100 CE @ 140 ...
Done with First target
Lets see for the second target @ 180
Comments
JoeChampion
Good work
IIT-Trader
on what basis...you explain this zone 19540-19640 is a supply area.
thanks in advance.
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