Nifty: Intraday Demand and Supply Zones

24 Mar 2020

Nifty closed near its supply zone @ 7850-8000. The demand zone is very wide @ 7450-7750. I am not interested in taking any trade-in fut between 7450-8000 because It’s a sideways zone for me. Nifty may be volatile and it may move both sides in this zone. Option selling is a good option in this trading range. In option selling positive is we are very close to the expiry. I will plan to take a long trade in fut once it sustains above 8000 for the target of the next supply zone and I will short once it will break its demand zone @ 7450 for the target of the next demand zone.

Demand Zones: 7450-7750 / 7050-7230 / 6300-6560
Supply Zones 7850-8000 / 8250-8350