NIFTY Futures Mechanical Trading

Discuss NIFTY Futures Mechanical Trading at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by ravalsb Hi..I have been using Vinod's Support and Resistance levels ...


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  #521  
Old 23rd April 2008, 10:31 AM
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Default Re: NIFTY Futures Mechanical Trading



Quote:
Originally Posted by ravalsb View Post
Hi..I have been using Vinod's Support and Resistance levels for Nifty Futures as well as Nifty Options.

Regards
Hello, How do you decide on which Option to buy?? I mean what strike price of CALL or PUT do you trade?? Please educate us thw newbies in options.
Thanx
Shravan

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  #522  
Old 23rd April 2008, 10:33 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
NIFTY FUTURE For April 23,

Current position : Nil

Nifty Fut Closed at : 5043.65

Net Profit/Loss since thread started : +1204.00

Support : 4990
Resistance : 5061

I will go LONG above 5061 with SL 4990 or go SHORT below 4990 with SL 5061.

Nifty Fut.xls is updated in my 1st message.

Happy Trading.

Vinod
Hello Vinod,
Have we gone long at the openingbell or do we wait for first 10 minutes to allow the market to settle. I usually trade only after 10.05
In later case we are yet to go long ...
Do give your input
Regards
Shravan

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  #523  
Old 23rd April 2008, 10:47 AM
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Default Re: NIFTY Futures Mechanical Trading

Good to see the posts from Mr.Vinod once again

Regards

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  #524  
Old 23rd April 2008, 11:36 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by ravalsb View Post
Hi..I have been using Vinod's Support and Resistance levels for Nifty Futures as well as Nifty Options.

Regards
Does he have a thread for Option too??

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  #525  
Old 23rd April 2008, 07:53 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by ccmb420 View Post
Hello Vinod,
Have we gone long at the openingbell or do we wait for first 10 minutes to allow the market to settle. I usually trade only after 10.05
In later case we are yet to go long ...
Do give your input
Regards
Shravan

Usually, we avoid trading during market opening & closing time i.e. first 5 minute & last 5 minute.


Last edited by nadodav : 23rd April 2008 at 07:59 PM.
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  #526  
Old 23rd April 2008, 07:57 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For April 24,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5031.10

Profit/Loss in current trade : -29.90 (as per last closing price)
Net Profit/Loss since thread started : +1174.10 (1204.00-29.90)


Support : 4995
Resistance : 5067

Hold LONG position with SL 4995. If trades below 4995, exit LONG & go SHORT with SL 5067

Happy Trading.

Vinod

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  #527  
Old 24th April 2008, 05:32 AM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by jace48 View Post
Hi ravalsb,

Help me understand how do you trade options using his system?
Do you have maintain any log of your trades using options such as Nifty Fut.xls of vinod?

Thanks
Hi..i do not maintain log sheet.

I prefer to enter the trade when trend reversal happens. i.e. whevenever stop loss triggers and fresh position is taken.

Buy At The Money or nearest In The Money Option, Call for Long and Put for Short.

Regards


Last edited by ravalsb : 24th April 2008 at 05:42 AM.
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  #528  
Old 24th April 2008, 08:11 AM
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Default Re: NIFTY Futures Mechanical Trading

Friends, Any indicator, method or Expert for taking out just 20 Nifty points on Daily basis!!!!
Any guidance or direction to achieve this goal are appreciated.
Regards.
Gautam

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  #529  
Old 24th April 2008, 07:09 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For April 25,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5003.30

Profit/Loss in current trade : -57.70 (as per last closing price)
Net Profit/Loss since thread started : +1139.30 (1197.00-57.70)


Support : 4980
Resistance : 5052

Hold LONG position with SL 4980. If trades below 4980, exit LONG & go SHORT with SL 5052

Happy Trading.

Vinod

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  #530  
Old 24th April 2008, 08:58 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
NIFTY FUTURE For April 25,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5003.30

Profit/Loss in current trade : -57.70 (as per last closing price)
Net Profit/Loss since thread started : +1139.30 (1197.00-57.70)


Support : 4980
Resistance : 5052

Hold LONG position with SL 4980. If trades below 4980, exit LONG & go SHORT with SL 5052

Happy Trading.

Vinod
Sir, was the SL not hit for Long!!!??? We closed above the SL , does it mean that we reenterd our Long at close???? We had to give some leve of SL, and even if I gave Rs.2/- as filter, my SL would be 4993, say 4992.80, even this level was triggerred.
Nifty April futures did trade atleast thrice below our SL level between 2.30 and 2.45 ?? How do we handle this situation. Todays low was ~ 4991.
If we continue the long , then we have had to roll over from April to May.
Do take out time to give your input.

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