"Nifty looking North" by trader rohitladdha — published 2017-01-13

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Nifty 50 Index (NSE:NIFTY)

NSE:NIFTY Nifty 50 Index

Nifty looking North

Hi All,

Please look previous idea Nifty             eye High (link provided below) before reading ahead.

So that one could earn while remaining hedge and keeping open interest always open till end of expiry.
This is how Algo trading works and it can be clearly understood from below idea link - Nifty             eye High

I am of strong belief that Nifty             could possibly go to 8600-8700 before hitting 8000.
Means I wish to say in short - "Do not stay in SHORT"

So trading on Algo principles:
Derived Algo trading levels on derivative NIFTY17JANFUT

R1 :: 8463
S1 :: 8384

Please keep on booking profits.
Happy Trading!

Comment: Exiting all Longs at 8435

Related Ideas

about NIFTY

rohit you are right,nifty will touch this levels before touching 8000,good analysis,you are using ichimoku charts,make yourself master in ichimoku,please share some good sites for learning algo trading,or books

rupambose32

@rupambose32, Hi Rupam ji, Thanks, for adding your inputs synced with mine. One can refer online available study material on Option Greeks like below. Understanding risks involved in Options Greeks itself helps you to trade mathematically on Algo.
http://www.optionsplaybook.com/options-introduction/option-greeks/

rohitladdha

@rohitladdha, thank you

rupambose32

@rupambose32, very good site,again thank you

Hi Rohit,

Thanks for sharing this information. How to learn this Algo logic derivation?

Regards,
nandha

jayanandha

@jayanandha, Hi,
These are Options Chain and Options Greeks methodology. Bit complex to write. I write Algo codes in computer on this and then Computer derives these levels.
Thanks!