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
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8261 = Todays Open = R2 = NIFTY17JANFUT so far Low 8290 = Todays High so far = R1