NIFTY Futures Mechanical Trading

MaxBombay · #**201** 23rd January 2008, 03:30 AM

vinod once again congratulations for todays success but do you suggest exit after todays huge profits and wait for next level once market stabilizes ?

nadodav · #**202** 23rd January 2008, 09:56 AM

Quote:

Originally Posted by MaxBombay

vinod once again congratulations for todays success but do you suggest exit after todays huge profits and wait for next level once market stabilizes ?

If you are holding short since 6210, than you can exit short and go long above 5244 as we have good profit so there is no harm to take next trade.

Vinod

umesh25 · #**203** 23rd January 2008, 10:41 AM

Quote:

Originally Posted by nadodav

If you are holding short since 6210, than you can exit short and go long above 5244 as we have good profit so there is no harm to take next trade.

Vinod

Hi Vinod Bhai

now what see mkt from here for this expiry and for next expiry bec fed cut after we cant see recovery. we can see call for next month ya wait and watch for this movemet.

umesh

saurik · #**204** 23rd January 2008, 11:20 AM

Quote:

Originally Posted by nadodav

If you are holding short since 6210, than you can exit short and go long above 5244 as we have good profit so there is no harm to take next trade.

Vinod

sir.......we saw that FED cut rate by 75bps ......... there is recovery in asion market

.......but what i want to know that r u comferttable with the market with this levels.......thanks.......plz reply

saurik · #**205** 23rd January 2008, 12:57 PM

if u r on line?if yes can we chat on traderji chat room?

nadodav · #**206** 23rd January 2008, 12:58 PM

Dear Saurik, Umesh

I am comfirtable with market as i am trading mechanically. but personally i believe that market is bottomed out yesterday & probably will not go down below yesterday's low.

Vinod

saurik · #**207** 23rd January 2008, 02:00 PM

Quote:

Originally Posted by nadodav

Dear Saurik, Umesh

I am comfirtable with market as i am trading mechanically. but personally i believe that market is bottomed out yesterday & probably will not go down below yesterday's low.

Vinod

Quote:

Originally Posted by nadodav

NIFTY FUTURE For January 23,

Current position : SHORT (at 6210 on 10/01/2007)

Nifty Fut Closed at : 4894.60

Profit/(Loss) in current trade : +1315.40 (as per last closing price)
Net Profit / (Loss) since thread started : +1682.40 (367.00+1315.45)

Support : 4713
Resistance : 5244

Hold SHORT positions with SL 5244. If trades above 5244, exit SHORT & go LONG with SL 4713

All new members visiting first time are requested to read all messages start from first one before going ahead.

No fresh position should be taken based on my support and resistances as range is very wide (more than 500 points).

Happy Trading.

Vinod

should we go long now?

NIFTYTRADE · #**208** 23rd January 2008, 02:01 PM

Very Nice. Keep it up..

saurik · #**209** 23rd January 2008, 02:11 PM

Quote:

Originally Posted by saurik

should we go long now?

hi vinod

can we go long now?...reply

MaxBombay · #**210** 23rd January 2008, 02:56 PM

saurik according to theory yes, you can go long above 5244, today it crossed 5244 and went 5340 right now at the time of posting this thread its at 5243. So mechanically we are now in long. btw, i am still doing paper trading, not yet doing real trading.