Nifty: Exiting From Choppy Zones

As per the pervious post Supply and Demand Zone levels are the same.
Todays Price action was a follow through of Friday's price action. Also it was a strong candle from the lower zone of Supply Zone (17950) and managed to close near 18050.
Starting of this exp there was a strong call and put writing in 17900 and 18000 in monthly exp. Today there was a massive call unwinding in 17900 and 18000 strike in monthly exp.
There is a positive divergence in 125 min and daily chart.

Also, it is making higher top higher bottom formation in 15 min timeframe.

I will have a conscious view unless I can see strong price action above 18320 (convert 17950-18300 supply zone into demand zone). At the moment 17900-17950 is going to be a support zone. I will reverse my view if I will see any price action below the support zone.

Zlecenie aktywne:

Short 25th Jan 17950 PE @ 105
Long 25th Jan 17750 PE @ 50

Komentarz:

2nd positive sign if daily close above 18130.
Next level to watch 18320

Transakcja zamknięta: osiągnięto wyznaczony cel

Zlecenie aktywne:

Strong Selling absent in Supply Zone
Sold 25th Jan 18050 PE @ 92