Algo trading levels on derivative BANKNIFTY17JUNFUT
R1 :: 23343-23387 & Alert levels for Shorts-23430
S1 :: 23169-23125 & Alert levels for Longs-23081
Please keep on booking profits.
Ok so commenting on that point, Buy first Sell later when Market is in Support clouds whereas vice-versa when market is in Resistance clouds. This is already discussed in one of my previous ideas.
You may go through below visualization and explanation
Ideas Subject line:
1. Way to trade on these derived levels
2. Nifty levels to watch for 1Feb2017 _ Budget Day
3. Nifty levels to watch for 23Jan2017 _ explaining gravity of levels