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NIFTY Futures Mechanical Trading

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  #1121  
Old 28th August 2008, 06:04 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For August 29,

Current position : SHORT (at 4305 on 26/08/2008)

Nifty Fut Closed at : 4222.90

Profit/Loss in current trade : +82.10 (as per last closing price)
Net Profit/Loss since thread started : +2120.10 (2038.00+82.10)


Support : 4217
Resistance : 4288

Hold SHORT position with SL 4288. If trades above 4288, exit SHORT & go LONG with SL 4217.

Happy Trading.

Vinod
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  #1122  
Old 28th August 2008, 06:31 PM
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Question Re: NIFTY Futures Mechanical Trading

HI Vinod (NADODAV)
your yday levels were really great .. I traded accordingly.
I have one doubt can you help me ??
So now we have an open Short position with 4288 as SL. What if tomorrow Nifty opened much above 4288 .. how do you manage such situation ..
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  #1123  
Old 29th August 2008, 01:39 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by KomaL2099 View Post
HI Vinod (NADODAV)
your yday levels were really great .. I traded accordingly.
I have one doubt can you help me ??
So now we have an open Short position with 4288 as SL. What if tomorrow Nifty opened much above 4288 .. how do you manage such situation ..
go long, follow the levels.
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  #1124  
Old 29th August 2008, 10:00 AM
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Default Re: NIFTY Futures Mechanical Trading

Are we long now?

Regards
Day
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  #1125  
Old 29th August 2008, 10:01 AM
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Thumbs up Re: NIFTY Futures Mechanical Trading

Yes. Now long with SL 4217
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  #1126  
Old 29th August 2008, 10:50 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by NJ:) View Post
we shud have 50-60 pts gap up today.............i think that will not sustain.....

asia had turned soft........we shud be able to tell within 10 minutes, if shorts come in at higher levels......


i am holding nifty short @ 4306

rcapital short @ 1250


regards

nj : )


WATCH OUT FOR GDP NUMBERS @ 11 A.M.

B CAUTIOUS.....


REGARDS

NJ : )
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  #1127  
Old 29th August 2008, 01:35 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
NIFTY FUTURE For August 29,


Profit/Loss in current trade : +82.10 (as per last closing price)
Net Profit/Loss since thread started : +2120.10 (2038.00+82.10)




Happy Trading.

Vinod
Dear Vinodji

One stupid but may be useful suuggestion , I am watching this thread from a long time , and noticed one thing that profits of this thread is having a very strong Resistance zone between 2200 - 2400.

You might observe that it has touched many times but not able to sustain above that , So my suggestion is to book profit once on this weekend starts again from zero and keep this existing profits as Past profits which u can add in another line
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  #1128  
Old 29th August 2008, 02:40 PM
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Default Re: NIFTY Futures Mechanical Trading

Friends,

Can I follow this strategy to Mini Nifty too?

Thanks
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  #1129  
Old 29th August 2008, 03:13 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by viswa75 View Post
Friends,

Can I follow this strategy to Mini Nifty too?

Thanks
Yes, you can. I would rather recommend to start with minifty for beginners.
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  #1130  
Old 29th August 2008, 07:48 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by devangan123 View Post
Dear Vinodji

One stupid but may be useful suuggestion , I am watching this thread from a long time , and noticed one thing that profits of this thread is having a very strong Resistance zone between 2200 - 2400.

You might observe that it has touched many times but not able to sustain above that , So my suggestion is to book profit once on this weekend starts again from zero and keep this existing profits as Past profits which u can add in another line

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