Trading on Algo principles:
Algo trading levels on NIFTY_Spot
R1 :: 9368-9388 & Alert levels for Shorts-9420
S1 :: 9351-9324 & Alert levels for Longs-9293
Overnight Premium = 4.30
So derived Algo trading levels on derivative NIFTY17MAYFUT
R1 :: 9373-9392 & Alert levels for Shorts-9425
S1 :: 9355-9328 & Alert levels for Longs-9298
Please keep on booking profits.
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.