Nifty levels to watch for 06Feb2018
Trading on Algo principles:
Algo trading levels on NIFTY_Spot
R1 :: 10697-10706 & Alert levels for Shorts-10716
S1 :: 10627-10616 & Alert levels for Longs-10606
Overnight Premium = 18.05
So derived Algo trading levels on derivative NIFTY18FEBFUT
R1 :: 10715-10724 & Alert levels for Shorts-10734
S1 :: 10645-10634 & Alert levels for Longs-10624
Above data is inviting Call writers!!
Indian Nifty_50 Market-As on 05Feb_Close
Date Price Open High Low Vol. Change %
Feb 05, 2018 10,666.55 10,604.30 10,702.75 10,586.80 247.48M -0.87%
Highest: 10,702.75 Lowest: 10,586.80 Difference: 115.95 Average: 10,666.55 Change %: -0.87
So finally Nifty_50 is breaching 2017Dec_Close=10530**
There is lot more to come to get this dust settle.
**10300 can play a crucial role for this Feb_Derivative Series
US Markets-As on 05Feb_Close
24,345.75 -1,175.21 (-4.60%)
2,648.94 -113.19 (-4.10%)
6,967.53 -273.42 (-3.78%)
Please keep on booking profits.