NIFTY Futures Mechanical Trading

coolbuddyin · #**461** 7th April 2008, 10:18 AM

Quote:

Originally Posted by kishan75

I Will Reply to your question on Monday exactly at 10:30 AM after seeing opening, Since on that time I would be able to tell more accurately.

I don't believe in guessing, Since know that can effect your position

can you help me please
how markets move?

monupareta · #**462** 7th April 2008, 11:11 AM

Quote:

Originally Posted by coolbuddyin

can you help me please
how markets move?

Hi coolbuddyin

Your ID is coolbuddyin So be cool,

He told you friday that nifty will move up by 80 -90 % and it has move like He said.

Now it is upto you now your position is just 30-40 point minus instead of Loss of 140 points

If i be your Place I would have book loss of 30-40 points , since 30 -40 points loss can be covered in next half n hour by different position

anjanr · #**463** 7th April 2008, 11:36 AM

ur levels are 2 much. high till now is 4763

circle zee · #**464** 7th April 2008, 11:44 AM

Dear vinod,

very nice work done by you here..your mechanical levels are working strongly..

Is it possible for you to enlight some details ,..how u figuring these levels.

thanks

CZ

kishan75 · #**465** 7th April 2008, 12:05 PM

Hello Coolbuddy

Sorry for being late, but it was due to Navratri Pooja

You bought nifty at 4800 now at 12:02 nifty is trading 4778

So its now just 22 points from your levels so you can trade with Trailing stop Losses now, and can wait whether you can exit without any loss.

I hope you enjoyed your weekend

coolbuddyin · #**466** 7th April 2008, 12:12 PM

Quote:

Originally Posted by kishan75

Hello Coolbuddy

Sorry for being late, but it was due to Navratri Pooja

You bought nifty at 4800 now at 12:02 nifty is trading 4778

So its now just 22 points from your levels so you can trade with Trailing stop Losses now, and can wait whether you can exit without any loss.

I hope you enjoyed your weekend

i exited at 4730 thinking that market will not recover much
now is there any chance for covering my losses

nadodav · #**467** 7th April 2008, 12:49 PM

Dear All,

sorry for replying late. i was not getting enough time to reply all queries because of some social ocasion.

Quote:

Originally Posted by kishan75

Sir

I don't want to Interrupt your Trades nor your trading style...
You have to Sacrifced your % of Profits today also from 28th Profit and this will happen tomorrow again from today's position, So my Question is , IS IT NOT GOOD TO SQUARE OFF POSITION IF YOU ARE GETTING GOOD PROFIT , After only for Profit we are building Positions

System is mechanical and it always in trade in order to capture best possible moves eitherside by sacrificing some volatile trades. I just wanted to keep system as simple as possible and as per my expiriance, it is better to stick to the system instead of booking profit early or exit trades before stoploss hits otherwise we may miss some moves. I am just posting my 2 levels everyday and it is all of you have to decide how you can get the best out of it. My opinion is stick to system whenever SL range favour us i.e. below 120-130. the best option is to avoid trading in volatile market.

Quote:

Originally Posted by paavani

Hi,

I have joined this forum today and I saw this thread on nifty futures. Sir, I would like to know if I have to go long on Nifty, what is the level I must enter at? Also can i appropriately hedge myself by taking an opposite postion in Options?

Regards,
Paavani

The best way is to enter either near support or resistance on any day. If market trades just above support, than you can go LONG by keeping support-10 points as your stoploss or if market trades just below resistance, you can go SHORT below resistance by keeping RESISTANCE + 10 points as your stoploss. once your SL hits, you can reverse the position. Hedging part, you have to decide your own.

Quote:

Originally Posted by sachin_jain3

Hello Vinod,

How did you come to the price of 4910. When the market did a gap up opening yesterday, it was trading anywhere between 4910 and 4960 for the first 10 minutes. If you would have bought when the markets opened you would have bought at 4960. how do you know that after opening at 4960, the nifty will fall to 4910 levels in the next 5-10 minutes?

Sachin

I do not trade during market opening time and closing time. around 5-7 minutes after open and before close. I was waiting to cross day high i.e. around 4964 or to pass initial 5-7 minutes to reverse my position as market has not crossed day high, and after 5-7 minutes, i changed at 4910.

Thanks & Regards,

Vinod

kishan75 · #**468** 7th April 2008, 01:30 PM

Quote:

Originally Posted by coolbuddyin

i exited at 4730 thinking that market will not recover much
now is there any chance for covering my losses

You can short nifty above 4795 (fut) with Strict Stop Loss of 4823 but must clear your position today only ,Don't wait for tomorrow, Since In this type of market their no tomorrw( Like Shopkeepers says aaj nagad kal udhaar)

kishan75 · #**469** 7th April 2008, 01:35 PM

Thanks vinod for replying, I got your Point............

coolbuddyin · #**470** 7th April 2008, 01:37 PM

Quote:

Originally Posted by kishan75

You can short nifty above 4795 (fut) with Strict Stop Loss of 4823 but must clear your position today only ,Don't wait for tomorrow, Since In this type of market their no tomorrw( Like Shopkeepers says aaj nagad kal udhaar)

will nifty sustain these gains
i heard in tv..that FII are selling and fund managers are buying
and this upmove is due to short covering ..not agressive buying