Nifty eye High
Nifty on screen looks hard to go up but always giving new higher levels on daily basis.
Broader markets though in running corrections, but Nifty was steady and up.
This itself reminds me of well known thought:
The general rule of trading is when news is positive but price action is negative, you should trust the price action.
-which is currently false as Price action are tightly positive till last minutes of trade.
Also to note today's Low has become very very crucial support
So trading on Algo principles:
Derived Algo trading levels on derivative NIFTY17JANFUT on closing basis
R1 :: 8463
S1 :: 8381
S1 :: 8367
Please keep on booking profits.
Happy Trading!
Nifty on screen looks hard to go up but always giving new higher levels on daily basis.
Broader markets though in running corrections, but Nifty was steady and up.
This itself reminds me of well known thought:
The general rule of trading is when news is positive but price action is negative, you should trust the price action.
-which is currently false as Price action are tightly positive till last minutes of trade.
Also to note today's Low has become very very crucial support
So trading on Algo principles:
Derived Algo trading levels on derivative NIFTY17JANFUT on closing basis
R1 :: 8463
S1 :: 8381
S1 :: 8367
Please keep on booking profits.
Happy Trading!
Comment:
Algo wins always
