Nifty Futures Trading

Smart_trade · #**9151** 28th July 2008, 09:40 PM

Quote:

Originally Posted by tsunil4u

I wont be joining you guys tomorrow and for next few days...

I had always liked the idea of Dow Futures being traded 24/5 (if not 24/7), and had always wanted such facility for my NIFTY FUT.

And the answer lies in SGX NIFTY. Although, not exactly for 24 hours, but atleast from early morning (with other asian markets's opening) and till night (till US opens plus few hours)... atleast some position can be taken (first mover advantage)

For this, I am going to Singapore tomorrow to make this set up work for me...

Have a good profitable week, my friends & fellow-members...!!!

Good to know that you are trading SGX Nifty. Look forward to your experience and observations trading that mkt.Post them,it will be interesting

Happy Trading and Enjoy !!!

tsunil4u · #**9152** 29th July 2008, 08:45 AM

Gap support ends at 4240 SPOT (4250 FUT),
below this level, there's a srong support at 4215 SPOT (4225 FUT);

Very bad cues from global mkts. may target the gap support.
After that, till RBI nos. are out, I am expecting a tussle in this range of 4240-4260 SPOT.

If one is expecting a not-that-negative news from RBI, one may attempt a long at 4240 SPOT with SL below 4215 SPOT (intermediate trend is still up, healthy correction from 4540 to 4240). I will look to buy 4200 Call, with same SL.

BUT IF RBI HIKES RATES ABOVE EXPECTATIONS, THEN FORGET LONGS... (though chances of RBI taking such an extreme step, with ROC in inflation slowing & industrial production/growth also slowing, is quite less, as of now). A CLOSE BELOW 4215 SPOT WOULD BE VERY NEGATIVE.

NJ:) · #**9153** 29th July 2008, 09:18 AM

Quote:

Originally Posted by nj:)

i am carrying my position...........

I am holding nifty short @ 4330............

total points earned/lost --> -20 (july 29)

regards

nj

pakatil · #**9154** 29th July 2008, 09:21 AM

SGX Nifty @ 4250 !!!

NJ:) · #**9155** 29th July 2008, 09:29 AM

TODAY WE MAY SEE SOME GOOD DOWNSLIDE...........ABOUT 150 PTS......

DOW ND NASDAQ TUMBLED 2% EACH...........

ALL MAJOR INDICES IN ASIA HAD A WEAK OPENING.......

I am holding nifty short @ 4330............

total points earned/lost --> -20 (july 29)

regards

nj

NJ:) · #**9156** 29th July 2008, 09:44 AM

This was coming.....

Along with technical analysis u need to look left and right b4 crossing.......

I beleive that we will get 4150-4200

so just wait for the policy, after policy u will have more downside......

Regards

nj

lalpar · #**9157** 29th July 2008, 10:09 AM

Hi Sunil,

Today the spot is at 4255 and I have position for options at Rs 68 4350 put..it is currently trading at 100 Rs..If i sell now at 100 Rs what will be the profit..?

Regards
Lalith

tsunil4u · #**9158** 29th July 2008, 10:10 AM

covered my puts, initiated at 4530 levels, here...

Now, gap support of SPOT 4240 is being held as of now... (LOD 4243)...
will look to go go long near 4225/4235 spot, as mentioned about 4215 support...

one may also use options / mini futs to target reversal

tsunil4u · #**9159** 29th July 2008, 10:11 AM

Quote:

Originally Posted by lalpar

Hi Sunil,

Today the spot is at 4255 and I have position for options at Rs 62 4350 put..it is currently trading at 100 Rs..If i sell now at 100 Rs what will be the profit..?

Regards
Lalith

your gross profit would be obviously (100-62) = 38

NJ:) · #**9160** 29th July 2008, 10:20 AM

Mkts will hang on till credit policy.....