svapnilchoksi

svapnilchoksi Updated 

Again It's not ready to correct price wise... Already time wise correction is done and high probolity to move upside once exit from the zone.

svapnilchoksi Updated 

As mentioned in the chart price is respecting the demand zone

svapnilchoksi Updated 

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.

svapnilchoksi

After a breakout of Supply Zone it was consolidate in the range. Today there was a strong buying from the lower zone of the zone. There is a high probability to to test 46000 level very soon

svapnilchoksi Updated 

I am expecting weekly closing above or near 19100. There is a resistance levels @ 19100-19200 but nifty is not showing any weakness near these levels. If this will happen then it will be the strong close on weekly chart. In that case next major reversal levels will be 19550-19650. Kindly check the below link for my current and pervious trades with logic.

svapnilchoksi Updated 

I am expecting range brake out very soon. It will be trending once it will brake the range. Yesterday daily candle indicates that 44000-44150 is a strong demand zone. Yesterday's Daily candle was the first strong bullish candle in this range

svapnilchoksi Updated 

After a Strong uptrend Nifty is not even ready to test it's first support area. It is treading in a range. I consider this a a price wise correction. Also it's difficult to trade in the range market but as an option seller and buyer I have observed that there is a no theta decay there is a delta decay happing in options strike. Below are some chart for the...

svapnilchoksi

Nifty may brake HH-HL pattern and can see smooth trend on up side till next supply zone.

svapnilchoksi

Supply Zone @ 42000-42200.... Demand Zone @ 41500-41800... Demand Zone @ 41275-40730... Bank Nifty closed @ the Supply Zone but it is having multiple demand zones on the down side. I am not interested to take positional short trade from supply zone but I will take intraday short position once i will get the bearish conformation. Sustain above 42200 I will avoid...

svapnilchoksi Updated 

Demand Zone @ 17700-17800 Supply Zone @ 17900-17950 I am expecting sideways market between this zone for a time wise correction for some days. any-side breakout or breakdown will move 400 points.

svapnilchoksi Updated 

Bearish price action from Supply Zone........... Levels are mentioned in the chart.

svapnilchoksi Updated 

It's better to follow the price instead of to predict the price as an option seller. Currently Nifty @ Reaction Zone. There is a high probability to see strong price action on the any side within a day or two. Bullish price action will take nifty to the next supply zone @ 17800-17900 and Bearish price action will take nifty to the next support @ 17000 and...

svapnilchoksi Updated 

Expecting Positive Price Action in Next Week. Will Change my view below 16900

svapnilchoksi Updated 

It is trying to take support from demand zone but follow through is missing on the upper side. Also there is Distribution happened on the upper side. There is a high probability to test 16500 zone at the end of this month...

svapnilchoksi Updated 

There are Multiple Demand Zone @ 16800-16850 and 16900-170000 Currently Nifty doesn't have a strength to break those Demand Zones. Any Bullish Price Action from the Demand Zone Nifty will test next Supply Zone @ 17400 Bearish view below 17765.

svapnilchoksi Updated 

There are two conditions. 1st: Bullish price action from 17750-17830 zone will take price to the next Supply Zones on the upper side. 2nd: Bearish price action from 17750-17830 zone will take price to the next Demand Zones on the down Side.

svapnilchoksi Updated 

Supply Zone @ 17385-17460 Demand Zone @ 16900-17095 Condition 1: Time wise correction between 17275-17460... Condition 2: Sustain below 17275 downtrend will continue and test next Demand Zone.

svapnilchoksi Updated 

Levels and other details are mentioned in the chart. There is a high probability to get trending market on upper side. I will change my view and position in case of price sustain below 17600. Levels and analysis is for a position view (Option selling).