NIFTY Futures Mechanical Trading

nadodav · #**821** 5th July 2008, 01:41 PM

Quote:

Originally Posted by optionstrader

Hi Vinod ji and all friends,

I am totally confused, actually i have understood the system, but do not understand how to earn from it.

Kindly also guide, that since you guide for a level , and in case i miss it, then can i take position , keeping the support & resistance for the next day.

Awaiting your quickest response,

Thanks & Regards,
Rajat Gupta

Hi Rajat,

Profit or loss will be taken care by system it self. pl go throgu "Nifty Fut.xls" from 1st post. I think should clear your doubts. Initially, i suggest to stick to levels & trade only at levels. or spent some more time in paper trading.

Vinod

optionstrader · #**822** 6th July 2008, 10:38 AM

Hi Vinodji,

Thanks.

nadodav · #**823** 7th July 2008, 06:52 PM

NIFTY FUTURE For July 8,

Current position : LONG (at 3982 on 04/07/2008)

Nifty Fut Closed at : 3980.50

Profit/Loss in current trade : -01.50 (as per last closing price)
Net Profit/Loss since thread started : +1871.50 (1873.00-01.50)

Support : 3932
Resistance : 4038

Hold LONG position with SL 3932. If trades below 3932, exit LONG & go SHORT with SL 4038.

Happy Trading.

Vinod

nadodav · #**824** 8th July 2008, 10:01 AM

Changed at 3865. now short

vips_shares · #**825** 8th July 2008, 11:22 AM

so vinod, now we are short at 3865, but wht shud be the stoploss, shud it be 4038 ?

nadodav · #**826** 8th July 2008, 06:08 PM

NIFTY FUTURE For July 9,

Current position : SHORT (at 3865 on 08/07/2008)

Nifty Fut Closed at : 3926.50

Profit/Loss in current trade : -61.50 (as per last closing price)
Net Profit/Loss since thread started : +1694.50 (1756.00-61.50)

Support : 3856
Resistance : 3965

Hold SHORT position with SL 3965. If trades above 3965, exit SHORT & go LONG with SL 3856.

Happy Trading.

Vinod

ROGER2008 · #**827** 9th July 2008, 09:05 AM

i think ur system works perfectly only in trended market, and the stop losses are
triggered in sideways volatality. Hence heavy cost on brokerage and taxes.

nadodav · #**828** 9th July 2008, 10:02 AM

I have changed position at 4072.

vinst · #**829** 9th July 2008, 10:03 AM

Now long at 4061. I hope this whipsawing stops soon.

regards,
vin

optionstrader · #**830** 9th July 2008, 12:26 PM

Hi Vinod Ji,

Can the Nifty Levels , that you guide, be used to buy or short, the stocks also ?
For example, when you guide to go long on nifty, can we buy the stocks that are present in nifty, like RPL,RCOM etc.
and go short om these stocks , when you guide to go short on Nifty ?

Awaiting your response,

Thanks & Regards,
Rajat Gupta