Nifty: Intraday Demand and Supply Zone
Nifty major demand zone @ 8120-8165 and supply zone @ 8450-8480. If Nifty will sustain below its demand zone then it may test it’s next support @ 7500 and may break the recent bottom.
If it will sustain above its demand zone then it may be sideways and I may sell OTM call and put options. Decreasing IV will also help to sink the option premium.
If it will sustain above its demand zone then it may be sideways and I may sell OTM call and put options. Decreasing IV will also help to sink the option premium.
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