NIFTY Futures Mechanical Trading

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  #31  
Old 22nd November 2007, 06:37 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading



NIFTY FUTURE For November 23,

Current position : SHORT (at 5885 on 20/11/2007)

Support : 5481
Resistance : 5653

Nifty Fut Closing at : 5536.20

Profit/(Loss) in current trade : +348.80 (as per closing price)
Net Profit / (Loss) since thread started : +344.80(-4+348.80)


Hold SHORT positions with SL 5653. If trades above 5653, exit SHORT & go LONG with SL 5481.

Vinod


Last edited by nadodav : 25th February 2008 at 08:12 PM.
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  #32  
Old 24th November 2007, 04:01 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For November 26,

Current position : SHORT (at 5885 on 20/11/2007)

Support : 5547
Resistance : 5669

Nifty Fut Closed at : 5619.75

Profit/(Loss) in current trade : +265.25 (as per closing price)
Net Profit / (Loss) since thread started : +261.25 (-4+265.25)


Hold SHORT positions with SL 5669. If trades above 5669, exit SHORT & go LONG with SL 5547.


Vinod

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  #33  
Old 26th November 2007, 06:23 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For November 27,

Current position : LONG (at 5740 on 26/11/2007 - due to gap-up opening)

Support : 5636
Resistance : 5772

Nifty Fut Closed at : 5756.60

Profit/(Loss) in current trade : +16.60 (as per closing price)
Net Profit / (Loss) since thread started : +157.60 (141+16.60)

Hold LONG positions with SL 5636. If trades below 5636, exit LONG & go SHORT with SL 5772.


Vinod

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  #34  
Old 27th November 2007, 06:28 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For November 28,

Current position : LONG (at 5740 on 26/11/2007 - due to gap-up opening)

Support : 5662
Resistance : 5748

Nifty Fut Closed at : 5730.80

Profit/(Loss) in current trade : -9.20 (as per closing price)
Net Profit / (Loss) since thread started : +131.80 (141.00-09.20)


Hold LONG positions with SL 5662. If trades below 5662, exit LONG & go SHORT with SL 5748.


Vinod

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  #35  
Old 28th November 2007, 05:56 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For November 29,

Current position : SHORT (at 5662 on 28/11/2007)

Support : 5602
Resistance : 5724

Nifty Fut Closed at : 5635.20

Profit/(Loss) in current trade : +26.80 (as per closing price)
Net Profit / (Loss) since thread started : +89.80(63+26.80)


Hold SHORT positions with SL 5724. If trades above 5724, exit SHORT & go LONG with SL 5602.

Vinod

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  #36  
Old 29th November 2007, 08:01 PM
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NIFTY FUTURE For November 30,

Current position : LONG (at 5710 on 29/11/2007)

Support : 5653
Resistance : 5753

Nifty Fut Closed at : 5682.30

Profit/(Loss) in current trade : -27.70 (as per closing price)
Net Profit / (Loss) since thread started : -26.70(1-27.70)


Hold LONG positions with SL 5653. If trades below 5653, exit LONG & go SHORT with SL 5753.

Vinod

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  #37  
Old 1st December 2007, 08:18 AM
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Default Re: NIFTY Futures Mechanical Trading

Hello Sir,
I M A New Entrant Into Ur Forum. I Ve Been Trading Nifty Futures For Quite Sometime Now. Based On The Pure Tech Analysis. Ur Mech System Seems To Be Pretty Good. As Per The Indicators Which I Follow ,there Is No Trend In The Market(either Upwards Or Downwards). And Under These Circumstances We Follow The Fast Oscillator (7,10) Which Is Showing Nifty Is In A Overbought Region Again Courtesy The Move In The Past Two Days. And I Think Nifty Should Correct Or Consolidate To Atleast Sub 5500 Level.

I Am Willing To Discuss My Trading Strategies Of Nifty Future Trading Based On Pure Technicals .

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  #38  
Old 2nd December 2007, 12:47 PM
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NIFTY FUTURE For December 3,

Current position : LONG (at 5710 on 29/11/2007)

Nifty Fut Closed at : 5803.50

Profit/(Loss) in current trade : +93.50 (as per last closing price)
Net Profit / (Loss) since thread started : +94.50(1.00+93.50)


Support : 5706
Resistance : 5826

Hold LONG positions with SL 5706. If trades below 5706, exit LONG & go SHORT with SL 5826.

I have attached updated "Nifty Fut.xls" in my first message & will keep updating on weekly basis there.

Happy Trading !

Vinod

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  #39  
Old 2nd December 2007, 12:55 PM
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Default Re: NIFTY Futures Mechanical Trading

Dear Robin,

Agreed that there is no trend in market but going forward, market should trade higher with less volatality. i am really not seeing much downside from here instead i think it should test 6000 or 6200 in days to come.

thanks

vinod


Quote:
Originally Posted by robin027in View Post
Hello Sir,
I M A New Entrant Into Ur Forum. I Ve Been Trading Nifty Futures For Quite Sometime Now. Based On The Pure Tech Analysis. Ur Mech System Seems To Be Pretty Good. As Per The Indicators Which I Follow ,there Is No Trend In The Market(either Upwards Or Downwards). And Under These Circumstances We Follow The Fast Oscillator (7,10) Which Is Showing Nifty Is In A Overbought Region Again Courtesy The Move In The Past Two Days. And I Think Nifty Should Correct Or Consolidate To Atleast Sub 5500 Level.

I Am Willing To Discuss My Trading Strategies Of Nifty Future Trading Based On Pure Technicals .

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  #40  
Old 2nd December 2007, 08:08 PM
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Default Re: NIFTY Futures Mechanical Trading

Dear Mr Vinod,
Thanx 4 Ur Reply. I Intend To Share With U My Trading Methodology. It Is Particularly Based On Three Indicators Adx(14),macd(3,10,16),fast Stochistic(7,10).
Adx As U Must B Knowing Tells U Whether The Market Is Trending Or Trading, If It Is Trending We Follow The Macd Else We Follow The Oscillator.
However My Prime Concern About The Bullishness Of The Mkt Is Due To The "double Top" It Has Formed Around 5950 Level.
If U Could Tell Me More About The Methodology Of Ur System I Am Certain The Members Will B More Benefitted.
Looking Fwd To Ur Response.
Robin

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