Nifty levels to watch for 14Mar2017

NSE:NIFTY   Nifty 50 Index
Nifty levels to watch for 14Mar2017

Trading on Algo principles:

Algo trading levels on NIFTY_Spot
R1 :: 8965-8975 & Alert levels for Shorts-8985
S1 :: 8897-8887 & Alert levels for Longs-8876

Overnight Premium = 24.15
So derived Algo trading levels on derivative NIFTY17MARFUT
R1 :: 8989-8999 & Alert levels for Shorts-9009
S1 :: 8921-8911 & Alert levels for Longs-8900


BJP_Modi tightens grip on power with Uttar Pradesh poll win

9160-9170 NIFTY17MARFUT seems fertile level to book profits
But it do not warrants to Shorts at these levels.
So marked in Blue color
Neither these are to be considered as Targets

i i)
Do not get carried away to enter into trade in any direction as this day may be event discounted gap up opening

i i i)
Such event-driven trading sessions do not respect maths or any technical indicators

If seems plausible and possible, I will update fresh levels during Market hours

Stay tuned.

Please keep on booking profits.
Happy Trading!
R1 :: 9138-9151 & Alert levels for Shorts-9165
S1 :: 9124-9111 & Alert levels for Longs-9097
Comment: 14-Mar-17 9:35
R1 :: 9117-9130 & Alert levels for Shorts-9145
Comment: 14-Mar-17 10:44
R1 :: 9152-9165 & Alert levels for Shorts-9177
S1 :: 9093-9080 & Alert levels for Longs-9066


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