Nifty is Getting Ready To Move Above 18000

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 side sellers are not.

In coming days If Nifty will manage to hold 17400-17500 then It will test it Next Supply Zone @ 18300.

Comment:

Nifty Respected From it's First Major Demand Zone...
Now 17500-17450 Is a Major Demand Zone....

Comment:

I think it's heard to get the smooth follow through because there are multiple resistance on the upper side @ 17800-17900-18000
Other side 17650-17700 should work as Support.
Whenever it will clear the resistance it will become a support.
Positive: As of now no short buildup @ selling zone in current exp.
Negative: As of now there is a short build-up in 15th Sep Exp @ 17800 Strick @ CMP. If it will manage to sustain above 17800 then it will test 17900-18000 very smoothly.

Trade active:

Booked Profit in Long position and Made a short Position

Comment:

I will reenter in the trade once I it will sustain above 17800-900 with volume.
Current Position is: Short 15th Sep 17800 CE and Bought 15th Sep 17950 CE.

Trade closed: stop reached:

New Position
Short in 17700 PE and Long in 17500 PE 15th Sep