rohitladdha

Nifty levels to watch for 23Jan2017

NSE:NIFTY   Nifty 50 Index
292 0 3
Hi All,

Some callers asked me how to Trade on below Algo Levels.

So I am replying it within idea.

a. If a support or resistance level is broken, it signals that the relationship between supply and demand has changed.
b. A resistance breakout signals that demand (bulls) has gained the upper hand and a support break signals that supply (bears) has won the battle.
c. If a security is approaching an important support level , it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If a security is approaching a resistance level , it can act as an alert to look for signs of increased selling pressure and potential reversal.

We all know Points a and b well. But Point c is where one should focus on

For more recent visualization, you can play my previous idea: Nifty             levels to watch for 20Jan2017
Link given below.

Also note -
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. Means they are precise and not rounded off while mentioning in idea like below here.
So underlying needs to trade minimum 1 lot to validate it as S or R.

Nifty levels to watch for 23Jan2017

So Trading on Algo principles:
Derived Algo trading levels on derivative NIFTY17JANFUT
R2 :: 8395
R1 :: 8379
S1 :: 8343 (Mild)
S2 :: 8320
S3 :: 8300

Please keep on booking profits.
Happy Trading!
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out