Trading on Algo principles:
Algo trading levels on NIFTY_Spot
R1 :: 10090-10101 & Alert levels for Shorts-10112
S1 :: 10026-10015 & Alert levels for Longs-10003
Overnight Premium = 34.35
So derived Algo trading levels on derivative NIFTY17AUGFUT
R1 :: 10124-10135 & Alert levels for Shorts-10146
S1 :: 10061-10049 & Alert levels for Longs-10037
Please keep on booking profits.
I am trying to insert a Price level category as below:
Supply Zone: 10094
Demand Zone: 10008-20
This will help to initiate position between S & R levels stated in idea.