NIFTY Futures Mechanical Trading

MaxBombay · #**101** 27th December 2007, 12:51 AM

simply amazing. vinod you rock.

puduags · #**102** 27th December 2007, 01:13 AM

Dear Vinod,

What is NIFTY Future trading ?

How to trade in this one ?

What is the margin money is required for this ?

I am new to this. Can you please explain ?

Yours

puduags

nadodav · #**103** 27th December 2007, 07:27 PM

NIFTY FUTURE For December 28,

Current position : LONG (at 5910 on 24/12/2007)

Nifty Fut Closed at : 6120.30 (Jan)

Profit/(Loss) in current trade : +210.30 (as per last closing price)
Net Profit / (Loss) since thread started : +545.30(335.00+210.30)

Support : 6048
Resistance : 6132

Hold LONG positions with SL 6048. If trades below 6048, exit LONG & go SHORT with SL 6132.

Happy Trading !

Vinod

newbee · #**104** 27th December 2007, 07:47 PM

Quote:

Originally Posted by nadodav

NIFTY FUTURE For December 28,

Current position : LONG (at 5910 on 24/12/2007)

Nifty Fut Closed at : 6120.30 (Jan)

Profit/(Loss) in current trade : +210.30 (as per last closing price)
Net Profit / (Loss) since thread started : +545.30(335.00+210.30)

Support : 6048
Resistance : 6132

Hold LONG positions with SL 6048. If trades below 6048, exit LONG & go SHORT with SL 6132.

Happy Trading !

Vinod

Hello Vinod

Nice effort, specially for the consistancy of your regular posts.

Since you consider practical aspects like gap up openings you should also consider roll-over cost. To roll over the long position from Dec to Jan future we would have to consider premium on Jan futures.

Thanks and regards
nb
___________________________________
TRADE WHAT YOU SEE, NOT WHAT YOU THINK

nadodav · #**105** 28th December 2007, 10:24 AM

Roll over cost of 30 points already considered. pl check my last two messages. earlier clear profit was 365 points but now it is 335 points.

Vinod

Quote:

Originally Posted by newbee

Hello Vinod

Nice effort, specially for the consistancy of your regular posts.

Since you consider practical aspects like gap up openings you should also consider roll-over cost. To roll over the long position from Dec to Jan future we would have to consider premium on Jan futures.

Thanks and regards
nb
___________________________________
TRADE WHAT YOU SEE, NOT WHAT YOU THINK

sachin_jain3 · #**106** 28th December 2007, 12:36 PM

Hello Vinod,

Really Great Effort, especially the way you provide the days strategy before the beginning of the day.

I have one doubt though. when you specify the support and resistance, are those for Nifty or on one month future on nifty. Should Nifty Trade below 6048 or should the Jan Future Trade below 6048 to close the position and take opposite position?

thanks,
Sachin

nadodav · #**107** 28th December 2007, 02:37 PM

Quote:

Originally Posted by sachin_jain3

Hello Vinod,

Really Great Effort, especially the way you provide the days strategy before the beginning of the day.

I have one doubt though. when you specify the support and resistance, are those for Nifty or on one month future on nifty. Should Nifty Trade below 6048 or should the Jan Future Trade below 6048 to close the position and take opposite position?

thanks,
Sachin

hi Sachin,

It is for current month Nifty Future. Jan Futures needs to trade below 6048 to change position.

Vinod

sachin_jain3 · #**108** 28th December 2007, 04:37 PM

Hello Vinod,

Regarding the SL only, how do we ascertain that the SL has been triggered. If the contract trades below the SL even once would we say that the SL has been triggered. Or should the contract trade below the SL for some time (Say 5 minutes) to say that the SL has been triggered

Today is a classic case for e.g. the contract did trade at 6047, would you say that the SL has been triggered and we should reverse the position?

Sachin

nadodav · #**109** 28th December 2007, 05:02 PM

Quote:

Originally Posted by sachin_jain3

Hello Vinod,

Regarding the SL only, how do we ascertain that the SL has been triggered. If the contract trades below the SL even once would we say that the SL has been triggered. Or should the contract trade below the SL for some time (Say 5 minutes) to say that the SL has been triggered

Today is a classic case for e.g. the contract did trade at 6047, would you say that the SL has been triggered and we should reverse the position?

Sachin

hi

I have written in my first message of the thread that we have to see around 2-3 minutes to confirm that the SL is broken. In today's case probably 2-3 trades might have happened below SL & may be traded few seconds below SL so it is not to be considered as SL broken.

Thanks & Regards,

Vinod

nadodav · #**110** 30th December 2007, 01:24 PM

NIFTY FUTURE For December 31,

Current position : LONG (at 5910 on 24/12/2007)

Nifty Fut Closed at : 6118.30

Profit/(Loss) in current trade : +208.30 (as per last closing price)
Net Profit / (Loss) since thread started : +543.30(335.00+208.30)

Support : 6067
Resistance : 6142

Hold LONG positions with SL 6067. If trades below 6067, exit LONG & go SHORT with SL 6142.

Nifty Fut.xls is updated in my 1st message of this thread

Happy Trading !

Vinod