NIFTY Futures Mechanical Trading

marthandan · #**651** 5th June 2008, 08:21 AM

option trading is risky . but risk award ratio is high if we select the correct options. in bear market give more importance to put and during bull run the same changes towards call . In volatile market one can buy put as well as put and call at the money or near the money strikes and carry both till the ultimate reversal point which we can take guidance from Mr.Vinod" posts or from discussions in the forums. But we have to be carefull in knowing the trend and follow. all the best in trading

coolbuddyin · #**652** 5th June 2008, 03:52 PM

Today nifty traded above resistance level of 4682 for very litttle time
then can we go for long?
if nifty resistance level is day high value or support level is day low value exactly, can we flip the positions?
will these levels apply for mininifty futures values also or just for nifty futures?please explain

nadodav · #**653** 5th June 2008, 05:28 PM

Quote:

Originally Posted by coolbuddyin

Today nifty traded above resistance level of 4682 for very litttle time
then can we go for long?
if nifty resistance level is day high value or support level is day low value exactly, can we flip the positions?
will these levels apply for mininifty futures values also or just for nifty futures?please explain

Please refer below posts for your queries.

http://www.traderji.com/futures/1635...tml#post167058

http://www.traderji.com/futures/1635...tml#post175417

You can watch Nifty Futures for reversal and trade MINIFTY accordingly.

Vinod

nadodav · #**654** 5th June 2008, 05:32 PM

NIFTY FUTURE For June 6,

Current position : LONG (at 4686 on 05/06/2008)

Nifty Fut Closed at : 4679.10

Profit/Loss in current trade : -06.90 (as per last closing price)
Net Profit/Loss since thread started : +1652.10 (1659.00-06.90)

Support : 4608
Resistance : 4733

Hold LONG position with SL 4608. If trades below 4608, exit LONG & go SHORT with SL 4733.

Happy Trading.

Vinod

AW10 · #**655** 5th June 2008, 11:13 PM

Quote:

Originally Posted by marthandan

option trading is risky . but risk award ratio is high if we select the correct options. in bear market give more importance to put and during bull run the same changes towards call . In volatile market one can buy put as well as put and call at the money or near the money strikes and carry both till the ultimate reversal point which we can take guidance from Mr.Vinod" posts or from discussions in the forums. But we have to be carefull in knowing the trend and follow. all the best in trading

Sorry marthandan, I disagree with your statement "Option trading is risky".
It is not the options trading but "lack of knowledge of option trading is risky".
I am option trader and I love the amazing flexibility that options provide by way of so many strategies. The "Buy call"/ "Buy Put" strategy is one of the least favourable strategy asthe Risk Reward ratio is lowest for them. There is lot more to options trading then stock trading (time decay, volatility, In the money/ out of money strike price options etc).

Happy Trading.

ramash · #**656** 6th June 2008, 03:12 PM

Can someone guide me if sl of 4608 is hit here as it traded more than 5 mins below this levels

ramash

milkyblack · #**657** 6th June 2008, 03:20 PM

Quote:

Originally Posted by ramash

Can someone guide me if sl of 4608 is hit here as it traded more than 5 mins below this levels

ramash

Yes it has... one can go short at this level taking Mr. Vinod's call

Regards

ramash · #**658** 6th June 2008, 04:08 PM

hi milky,

started learning from this thread also. As it went down and stayed below 4608 i felt the sl has hit accdg to nadodav sir's first post. But still i got confused as it jumped from there. now am clear.

Thanks

ramash

coolbuddyin · #**659** 6th June 2008, 04:18 PM

TODAY is one of most volatile sessions one could never expected
none of us must have guessed that nifty would end in green and stoploss will be trigged

vinod..if you feel u have little time ..pls just post here when u feel stoploss has just touched during market hours as most of times., most of people (just like me) find tricky to find that stoploss has hit..and time to flip ..as ours market being so volatile now a days
hope u never mind
thanks in advance

nadodav · #**660** 6th June 2008, 07:35 PM

Quote:

Originally Posted by coolbuddyin

TODAY is one of most volatile sessions one could never expected
none of us must have guessed that nifty would end in green and stoploss will be trigged

vinod..if you feel u have little time ..pls just post here when u feel stoploss has just touched during market hours as most of times., most of people (just like me) find tricky to find that stoploss has hit..and time to flip ..as ours market being so volatile now a days
hope u never mind
thanks in advance

Hi

It may be difficult during market hours, but will definetely post whenever i find any confusion like today.

Vinod