Bank Nifty CLosed below its Major Demand Zone

Mar 17, 2020

Today BNF closed below it’s major and wide demand zone @ 23000-22300 and it’s not a good sign. In the 2nd half, BNF failed to sustain above this zone so I took a short position in BNF and carried this trade when I got the confirmation that it is going to close below this zone.

Demand Zones
21400-21750
Supply Zones
22300-23000

Mar 17, 2020

Trade active

STBT - Short @ 22800

Mar 18, 2020

Trade closed: target reached

Booked 100% profit @ 21400 and 22550...