Trading on Algo principles:
Algo trading levels on NIFTY_Spot
R1 :: 9645-9659 & Alert levels for Shorts-9674
S1 :: 9591-9576 & Alert levels for Longs-9560
Overnight Premium = 3.75
So derived Algo trading levels on derivative NIFTY17JUNFUT
R1 :: 9649-9663 & Alert levels for Shorts-9678
S1 :: 9594-9580 & Alert levels for Longs-9564
Please keep on booking profits.
These are Options Chain and Options Greeks methodology. Bit complex & dynamic as per changes in open interests.
I write Algo codes in computer on this and then Computer derives these levels.