Hello,
As I have mentioned my yesterday post that If Nifty will sustain above 12225 then I may go long. Today I was Long in the Nifty and exited with some profit points.
I have observed that buying strength was missing today. I don't think that 12100 is a good support and it a bottom of this correction which is started from 12420. My view is remain same which I have shared in my earlier posts that still gap Filling is pending, this is just a bounce and major support @ 12000-12050.
Strong Supply Zone @ 12295-12345
Minor Demand Zone @ 12190-12225
I prefer to take a position in Juicy trade so I may take a short position If it will come to 1300-12345 zone or once it will sustain below 12190. I will avoid long side trade in Nifty.
I will update this post if I will change my mind during the intraday and will shade my trade here.
Shared the Link of some of my today's Intraday Trades.
Trade Well
As I have mentioned my yesterday post that If Nifty will sustain above 12225 then I may go long. Today I was Long in the Nifty and exited with some profit points.
I have observed that buying strength was missing today. I don't think that 12100 is a good support and it a bottom of this correction which is started from 12420. My view is remain same which I have shared in my earlier posts that still gap Filling is pending, this is just a bounce and major support @ 12000-12050.
Strong Supply Zone @ 12295-12345
Minor Demand Zone @ 12190-12225
I prefer to take a position in Juicy trade so I may take a short position If it will come to 1300-12345 zone or once it will sustain below 12190. I will avoid long side trade in Nifty.
I will update this post if I will change my mind during the intraday and will shade my trade here.
Shared the Link of some of my today's Intraday Trades.
Trade Well
