It's union budget day !
So I do agree wild swings could break any number.
But, if you find below levels are doing their maths then enter into trade with tight trigger orders on both profit and loss side.
I will surely update my best during market hours when these below static numbers becomes dynamic and scary. (As in previous idea/below link)
I am expecting NIFTY17FEBFUT to be in range of 8533-8646. Breaking this price-range meaningfully is must to set the trend.
This means if in morning we are getting any levels near 8533 one could enter long as it seems a ratio.
Trading on Algo principles:
Derived Algo trading levels on derivative NIFTY17FEBFUT
R1 :: 8624-8631
S1 :: 8542-8534
Please keep on booking profits.
Good risk reward ratio has paid today good profits...
Low = 8555
High = 8747
Thank you NIFT_Y !!