Hello, As i mentioned in my yesterday post that I will sell Nifty if it will sustain below 12225. Today Sold 12300 and 12250 call as per my plan. I have also mentioned in the comment that there Nifty will fill the gap between 12130-12030 in coming days and it should make new bottom above 11930 or 12000-12050 zone.
Short Term View is: 12300 is a Very Strong Supply Zone. 12000-12050 is strong demand zone. Still Nifty is bullish in higher time frem.
Intraday View: Minor Demand Zone @ 12160. Strong Supply Zone @ 12200-12225 Very Strong Supply Zone @ 12300 Trading Plan for Tomorrow. I will take a short position If Nifty will come to 12200-12225 and 12300. I will take a short position If Nifty will sustain below 12160. I will avoid to take a long position.
Thank x Tread Well.
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Note: Remember when everyone are bearish in the market then it may also show one strong bounce to trap.