NIFTY Futures Mechanical Trading

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  #61  
Old 10th December 2007, 03:11 PM
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Default Re: NIFTY Futures Mechanical Trading

Hello vinod,

I m also joint for nifty knowlege and market movement.

vinod bhai your level is really helpful to new trader in nifty who want to work in nifty.

currently mkt is going for rangbound what u will expect form here to mkt and next some days lot of holiday also come therefor profit booking come on this level bec big trader not carry on his position in holiday.
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umesh
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  #62  
Old 10th December 2007, 03:21 PM
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Cool Re: NIFTY Futures Mechanical Trading

this whole week is very-2 important for us. as far as mid-term direction of market is concern. tomorrow US fed will give decision over further rate cuts. gujrat satae assembly poll will start. left front has again started Indo-US nuke deal issue. we need to strictly watch two important levels of market (nifty spot) 6022:- a close above this level will lead market towards 6310 and close below 5870 can lead market towards 5510 in short term (8-10 trading session). please keep this levels in mind.for time being avoid over leveraged delivery trade. do only intraday trade atleast till 12th december. today market seems to give flat to positive opening. try to exit at every rise. don't expect too much at this moment !!!! at least use trailing stop loss for all your positions !!!!
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  #63  
Old 10th December 2007, 06:05 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

welcome umesh,

may be market remain rangebound entire month. but you can never know how long this phase continue. let's hope for best.

Vinod



Quote:
Originally Posted by umesh25 View Post
Hello vinod,

I m also joint for nifty knowlege and market movement.

vinod bhai your level is really helpful to new trader in nifty who want to work in nifty.

currently mkt is going for rangbound what u will expect form here to mkt and next some days lot of holiday also come therefor profit booking come on this level bec big trader not carry on his position in holiday.
Reply

umesh
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  #64  
Old 10th December 2007, 06:10 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For December 11,

Current position : SHORT (at 5928 on 07/12/2007)

Nifty Fut Closed at : 5973.35

Profit/(Loss) in current trade : -45.35 (as per last closing price)
Net Profit / (Loss) since thread started : +173.65 (219.00-45.35)


Support : 5924
Resistance : 6010

Hold SHORT positions with SL 6010. If trades above 6010, exit SHORT & go LONG with SL 5924.

Happy Trading !

Vinod

Last edited by nadodav; 11th December 2007 at 07:58 PM.
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  #65  
Old 10th December 2007, 10:26 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
NIFTY FUTURE For December 10,

Current position : SHORT (at 5829 on 07/12/2007)

Nifty Fut Closed at : 5989.10

Profit/(Loss) in current trade : -61.10 (as per last closing price)
Net Profit / (Loss) since thread started : +157.90 (219.00-61.10)


Support : 5939
Resistance : 6049

Hold SHORT positions with SL 6049. If trades above 6049, exit SHORT & go LONG with SL 5939.

Nifty fut.xls updated in 1st message.

Happy Trading !

Vinod
Vinod when did you open this short position because i don't think the nifty went anywhere near 5829 (SHORT (at 5829 on 07/12/2007)) on the 7th.
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  #66  
Old 11th December 2007, 11:25 AM
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Thumbs up Re: NIFTY Futures Mechanical Trading

on 7th, nifty fut went till 5901.10 & hence i open short position at 5829.

Quote:
Originally Posted by bobomonkey View Post
Vinod when did you open this short position because i don't think the nifty went anywhere near 5829 (SHORT (at 5829 on 07/12/2007)) on the 7th.
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  #67  
Old 11th December 2007, 02:46 PM
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Default Re: NIFTY Futures Mechanical Trading

Quote:
Originally Posted by nadodav View Post
on 7th, nifty fut went till 5901.10 & hence i open short position at 5829.
you mean you bought a put option at strike price 5829? because if nifty futures only touched 5901 on this day then you can't open a short position at 5829.
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  #68  
Old 11th December 2007, 03:57 PM
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Default Re: NIFTY Futures Mechanical Trading

hello vinod bhia,

as per your level i go for long in nifty now i getting good profit in nifty. i hold nifty what ur suggesssion regarding today fed meet and what impact come on our mkt. can i hold tommorow nifty ya book profit in nifty.

umesh
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  #69  
Old 11th December 2007, 07:38 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

sorry. it was not 5829 but 5928. pl refer nifty.xls in my first message. thanks for bringing to my notice.

Vinod

Quote:
Originally Posted by bobomonkey View Post
you mean you bought a put option at strike price 5829? because if nifty futures only touched 5901 on this day then you can't open a short position at 5829.
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  #70  
Old 11th December 2007, 07:46 PM
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Thumbs up Re: NIFTY Futures Mechanical Trading

NIFTY FUTURE For December 12,

Current position : LONG (at 6010 on 11/12/2007)

Nifty Fut Closed at : 6107.30

Profit/(Loss) in current trade : 97.30 (as per last closing price)
Net Profit / (Loss) since thread started : +234.30 (137.00+97.30)

Support : 6003
Resistance : 6126

Hold LONG positions with SL 6003. If trades below 6003, exit LONG & go SHORT with SL 6126.

Happy Trading !

Vinod
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