Trading on Algo principles:
Algo trading levels on NIFTY_Spot
R1 :: 10044-10052 & Alert levels for Shorts-10065
S1 :: 9978-9964 & Alert levels for Longs-9955
Overnight Premium = 29.35
So derived Algo trading levels on derivative NIFTY17AUGFUT
R1 :: 10073-10081 & Alert levels for Shorts-10095
S1 :: 10008-9994 & Alert levels for Longs-9984
Please keep on booking profits.
I am trying to insert a Price level category as below:
Supply Zone: 10070
Demand Zone: 9982
This will help to initiate position between S & R levels stated in idea.