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| Discuss NIFTY Futures Mechanical Trading at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; NIFTY FUTURE For May 7, Current position : SHORT (at 5172 on 06/05/2008) Nifty ... |
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#541
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NIFTY FUTURE For May 7,
Current position : SHORT (at 5172 on 06/05/2008) Nifty Fut Closed at : 5162.95 Profit/Loss in current trade : +09.05 (as per last closing price) Net Profit/Loss since thread started : +1317.05 (1308.00+09.05) Support : 5141 Resistance : 5221 Hold SHORT position with SL 5221. If trades above 5221, exit SHORT & go LONG with SL 5141 Happy Trading. Vinod |
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#542
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Vinod Sir,
Thanks as always for providing the levels... Regards |
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#543
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NIFTY FUTURE For May 8,
Current position : SHORT (at 5172 on 06/05/2008) Nifty Fut Closed at : 5151.30 Profit/Loss in current trade : +20.70 (as per last closing price) Net Profit/Loss since thread started : +1328.70 (1308.00+20.70) Support : 5127 Resistance : 5186 Hold SHORT position with SL 5186. If trades above 5186, exit SHORT & go LONG with SL 5127 Happy Trading. Vinod |
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#544
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NIFTY FUTURE For May 9,
Current position : SHORT (at 5172 on 06/05/2008) Nifty Fut Closed at : 5093.10 Profit/Loss in current trade : +78.90 (as per last closing price) Net Profit/Loss since thread started : +1386.90 (1308.00+78.90) Support : 5074 Resistance : 5145 Hold SHORT position with SL 5145. If trades above 5145, exit SHORT & go LONG with SL 5074 Happy Trading. Vinod |
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#545
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Dear vinod
thank U very much for taking continous pain and updating thread.I am entered on 5th may by taking long position Minifty@ 5220 and monitering continousily Bhulokeshwar |
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#546
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Quote:
Regards |
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#547
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Dear milkyblack
thank u.As per vinod guidelines now i am in short position with sl 5145+10 points.Is 10 points compulsory? Bhulokeshwar |
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#548
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Quote:
10 points is not compulsory, when you have access to the market throughout the market hours, in tht case you can just watch the supp/res... if it is taken out and NF trades below it for 2-3 mins(according to Mr. Vinod) then you can go take postion at tht market price... Else, if you just place orders in the morning and have got others work to do... then it is advisable to place orders 10 pts below support/10pts above resistance... This is because if you have noticed, many times the market has breached the supp/res levels, but has immediately bounced back... so this 10pts system is just to ensure tht one does not get into a false brkout/brk down... I hope I have cleared your doubts... if I am wrong then i request Mr. Vinod to take the trouble to guide... Good that you went short... as you can see tht the profit(in the current trade as of the closing) is good 182 pts so enjoy the ride...Good Luck Regards |
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#549
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Dear milkyblack
Understood.Thank u verymuch Bhulokeshwar |
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#550
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You are Welcome
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