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| Discuss NIFTY Futures Mechanical Trading at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; NIFTY FUTURE For February 29, Current position : LONG (at 5157 on 25/02/2008) Nifty Fut ... |
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#351
28th February 2008, 07:47 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For February 29,
Current position : LONG (at 5157 on 25/02/2008) Nifty Fut Closed at : 5254.75 Roll-over diff : +14 Profit/(Loss) in current trade : +97.75 (as per last closing price) Net Profit / (Loss) since thread started : +1396.75 (1299.00+97.75) Support : 5217 Resistance : 5299 Hold LONG positions with SL 5217 If trades below 5217, exit LONG & go SHORT with SL 5299. Tomorrow market may swing both the ways hence, if support is broken, we will go SHORT but if again market trades above resistance i.e. 5299, we will only exit SHORT but will not take fresh LONG position and will wait. Happy Trading. Vinod 
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#353
1st March 2008, 11:26 AM
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Re: NIFTY Futures Mechanical Trading
Quote:
Why you need levels for spot ? you can safely add/deduct discount/premium from lvls to get approx levels for spot.
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#354
1st March 2008, 01:10 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For March 3,
Current position : SHORT (at 5217 on 29/02/2008) Nifty Fut Closed at : 5181.10 Profit/(Loss) in current trade : +35.90 (as per last closing price) Net Profit / (Loss) since thread started : +1394.90 (1359.00+35.90) Support : 5097 Resistance : 5236 Hold SHORT positions with SL 5236 If trades above 5236, exit SHORT & go LONG with SL 5097. I have updated Nifty Fut.xls in my first message. Happy Trading. Vinod
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#355
2nd March 2008, 12:00 AM
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Re: NIFTY Futures Mechanical Trading
Hi Nadodav,
I follow your thread regularly and try to figure out how u come with those support and resistance levels. They are slightly different from pivot points. I want to develop a similar strategy for trading futures and would like some help from experts like you. It will be a great help if u can post your calculations. Looking forward for your help..... Rajesh....
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#356
2nd March 2008, 02:49 PM
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Re: NIFTY Futures Mechanical Trading
Vinodji,It is clearly seen that the no. of ur admirer r increasing day by day and willing to know how u calculate res. and sup.All the man who change the system are always blessed by GOD.Being a teacher i know very well that giving knowledge to anyone is the ability given by GOD.So one should spread his knowledge to be blessed by GOD.So it is my humble request to think again."A burning candle is kept on the table not under the table." Thanks.
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#357
2nd March 2008, 02:55 PM
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Re: NIFTY Futures Mechanical Trading
Vinodji,It is clearly seen that the no. of ur admirer r increasing day by day and willing to know how u calculate res. and sup.All the man who change the system are always blessed by GOD.Being a teacher i know very well that giving knowledge to anyone is the ability given by GOD.So one should spread his knowledge to be blessed by GOD.So it is my humble request to think again."A burning candle is kept on the table not under the table." Thanks.
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#358
3rd March 2008, 07:06 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For March 4,
Current position : SHORT (at 5217 on 29/02/2008) Nifty Fut Closed at : 4894.20 Profit/(Loss) in current trade : +322.80 (as per last closing price) Net Profit / (Loss) since thread started : +1681.80 (1359.00+332.80) Support : 4876 Resistance : 5097 Hold SHORT positions with SL 5097. If market trades above 5097, we exit SHORT but will not take LONG as SL range is high. Happy Trading. Vinod
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#359
4th March 2008, 08:10 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For March 5,
Current position : SHORT (at 5217 on 29/02/2008) Nifty Fut Closed at : 4834.75 Profit/(Loss) in current trade : +382.25 (as per last closing price) Net Profit / (Loss) since thread started : +1741.25 (1359.00+382.25) Support : 4832 Resistance : 4980 Hold SHORT positions with SL 4980. If market trades above 4980, Exit SHORT & go LONG with SL 4832. Happy Trading. Vinod
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#360
6th March 2008, 08:19 AM
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Re: NIFTY Futures Mechanical Trading
thank u vinod ji for ur continous effort to post ur supp & resistance.
well i would like to start trading from now based on ur reco... so would it be right to get in a position at the current supp/resistance? thanks a lot
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