Nifty levels to watch for 1Feb2017

NSE:NIFTY   Nifty 50 Index
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Nifty levels to watch for 1Feb2017

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 good risk reward ratio.

Trading on Algo principles:
Derived Algo trading levels on derivative NIFTY17FEBFUT

R1 :: 8624-8631
S1 :: 8542-8534

Please keep on booking profits.
Happy Trading!
Jan 31
Comment: Buy activated @ 8555. keep tight SL
Feb 01
Comment: At 1 PM : Happy Algo Trading.... NIFTY17FEBFUT High @ 8689 and Low @ 8555
Feb 01
Comment: As mentioned clearly above in idea.... expected range today was 8533-8646 and buy mode activated at 8555.
Good risk reward ratio has paid today good profits...
Low = 8555
High = 8747
Thank you NIFT_Y !!


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