rohitladdha

Nifty seems landing slowly but with different plan

Long
NSE:NIFTY   Nifty 50 Index
1
Nifty NIFTY17JANFUT seems landing slowly but with different plan

Hi All,

By far trading pattern is allowing me to derive this idea on Algo Trading Platform--
"Though Nifty is coming down but this time one should keep long open interest"

Enter your position when NIFTY17JANFUT reaches one of the below Support level and Exit Long partial/fully at these Resistance levels.

R1 :: 8290
R2 :: 8261
S1 :: 8224
S2 :: 8200

NIFTY17JANFUT @ 8205 is the pocket where one may keep positional Nifty Long with Put in hands for better Risk Reward ratio.
Comment: 8261 = Todays Open = R2 = NIFTY17JANFUT so far Low
8290 = Todays High so far = R1

Algo Wins

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