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| Discuss NIFTY Futures Mechanical Trading at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I eel 3918 is acting as a strong resistance..With Trend being downward Nifty may fall..... |
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#883
17th July 2008, 05:59 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For July 18,
Current position : LONG (at 3918 on 11/07/2008) Nifty Fut Closed at : 3925.65 Profit/Loss in current trade : +07.65 (as per last closing price) Net Profit/Loss since thread started : +1710.65 (1703.00+07.65) Support : 3838 Resistance : 3962 Hold LONG position with SL 3838. If trades below 3838, exit LONG & go SHORT with SL 3962. Happy Trading. Vinod 
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#885
18th July 2008, 04:44 PM
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Re: NIFTY Futures Mechanical Trading
Hello Mr Sanjay,
I could not understand your post and charts . Could you please take pains to explain them to novices like me . Thanks. Grorich 
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#886
18th July 2008, 07:02 PM
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Re: NIFTY Futures Mechanical Trading
Quote:
Quote:
There was a specific query from a friend regarding leverage and margin limits allowed by brokers, that discussion triggered this post. The margin limits fixed by SEBI (SPAN Margins) take into account Value at Risk (VaR) for 1 day only (i.e the risk to the broker to carry your position from close to open next day) . This creates a misconception that all you need to trade is amounts equal to that margin, which in effect exposes the trader to a highly leveraged position. The equity curve plotted above is just a graphical plot form the excel sheet posted by vinod. It shows 3 case studies for a person having Rs 5 to trade with. Looking at the topmost line what everyone will happly notice is that it climbs above Rs 15, but hardly anyone understands the implications of losing Rs 2 (40%) in few trades in a row. Regards Sanjay
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#887
19th July 2008, 12:58 PM
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Re: NIFTY Futures Mechanical Trading
Thanks sanjay.
This is true that, the systam has drawdown upto 40%. what i understand is - if you have Rs. 50,000 to trade futures, than do not trade entire 50000 as a margin. Instead, trade with roughly 20-30 % of your capital as a margin. so for this case, it is better to trade with MINIFTY one lot if you have 50000 capital. once your caital grown to e.g. say, 100000, than one can add one more lot of MINIFTY or swith to regular one lot of NIFTY. correct me, if i am wrong sanjay thanks Vinod
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#888
19th July 2008, 01:07 PM
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Re: NIFTY Futures Mechanical Trading
NIFTY FUTURE For July 21,
Current position : LONG (at 3918 on 11/07/2008) Nifty Fut Closed at : 4077.65 Profit/Loss in current trade : +159.65 (as per last closing price) Net Profit/Loss since thread started : +1862.65 (1703.00+159.65) Support : 3932 Resistance : 4088 Hold LONG position with SL 3932. If trades below 3932, exit LONG & go SHORT with SL 4088. Happy Trading. Vinod
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#889
19th July 2008, 01:18 PM
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Re: NIFTY Futures Mechanical Trading
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keep it up regards 
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#890
19th July 2008, 01:22 PM
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Re: NIFTY Futures Mechanical Trading
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Thanks vinod for posting regularly Sandeep
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