Nifty Futures Turning Point (NFTP)

Date : 13.June.2011
India Time : 17:45
NF close = 5498.5

Dear Friends,

Nifty Futures Turning Point (NFTP) = 5559.8

Strategy with NFTP -
Long at NFTP + 20 with SL = NFTP
Short at NFTP 20 with SL = NFTP

Book profits at regular intervals of 25/50/100+.

Roll over position on expiry.

Example If you take 4 lots of NF then
1 st lot to be booked at 25 points gain or more
2 nd lot to be booked at 50 points gain or more
3 rd lot to be booked at 100 points gain or more
4 th lot to be carried till reversal of trend
____________________________________________________________
Disclaimer

Readers of this post must take the contents only as a learning experience
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility
____________________________________________________________
Best Regards
SKFC

Dear Friends,

Below is NFTP for the last month.

Symbol Date High Low Close NFTP @ EOD
NF 3-May-11 5726 5560 5568.7 5860.6
NF 4-May-11 5592.9 5510.65 5536 5829.2
NF 5-May-11 5573 5443.55 5458.4 5789.4
NF 6-May-11 5574.5 5468 5555 5750.4
NF 9-May-11 5584.1 5501.55 5558.65 5714.5
NF 10-May-11 5605 5517 5545.8 5681.1
NF 11-May-11 5577.9 5523.5 5564.65 5649.7
NF 12-May-11 5577.7 5470.5 5481.35 5622.3
NF 13-May-11 5622.8 5465.2 5558.9 5603.8
NF 16-May-11 5537.35 5477.35 5488.7 5582.8
NF 17-May-11 5521.6 5422.55 5447.4 5574.9
NF 18-May-11 5463.55 5397.6 5424.05 5562.7
NF 19-May-11 5481.8 5404.45 5424.8 5552.4
NF 20-May-11 5522.4 5428.8 5484.6 5545.6
NF 23-May-11 5439.9 5364.75 5383.45 5527.2
NF 24-May-11 5417.8 5360 5387.85 5509.4
NF 25-May-11 5374.6 5328.55 5349.45 5486.9
NF 26-May-11 5414 5353.9 5402.15 5463.7
NF 27-May-11 5482 5415 5466.35 5457.5
NF 30-May-11 5497 5441 5466.85 5454.8
NF 31-May-11 5563.45 5480.15 5554.9 5465.9
NF 1-Jun-11 5594 5545.95 5590.45 5478.4
NF 2-Jun-11 5576.65 5531 5558.45 5484.4
NF 3-Jun-11 5608.5 5509.3 5523.5 5503.1
NF 6-Jun-11 5546.9 5475.3 5534.2 5517.5
NF 7-Jun-11 5577.65 5508.6 5562.7 5540.0
NF 8-Jun-11 5559 5511.3 5529.85 5556.1
NF 9-Jun-11 5544.05 5493 5519.15 5563.0
NF 10-Jun-11 5519.7 5450.25 5484.15 5565.5
NF 13-Jun-11 5511.45 5437.55 5498.5 5559.8

SKFC,

If you are posting any matter like this as previous post ,select the text and
wrap them in CODE (<> or #) so that format won't be disturbed.

Dear Friends,

Sorry for the inconvenience, but unable to post the levels in a proper format.

Best Regards,
SKFC

SKFC, how did you arrive at this turning point? Can you please explain your calculations / charts.

Thanks

Date : 14.June.2011
India Time : 18:15
NF close = 5515.8

Dear Friends,

Nifty Futures Turning Point (NFTP) = 5553.2

Strategy with NFTP -
Long at NFTP + 20 with SL = NFTP
Short at NFTP – 20 with SL = NFTP

Book profits at regular intervals of 25/50/100+….

Roll over position on expiry.

Example – If you take 4 lots of NF then
1 st lot to be booked at 25 points gain or more
2 nd lot to be booked at 50 points gain or more
3 rd lot to be booked at 100 points gain or more
4 th lot to be carried till reversal of trend
__________________________________________________ __________
Disclaimer —

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards
SKFC

Date : 15.June.2011
India Time : 17:15
NF close = 5450.6

Dear Friends,

Nifty Futures Turning Point (NFTP) = 5545.3

Strategy with NFTP -
Long at NFTP + 20 with SL = NFTP
Short at NFTP – 20 with SL = NFTP

Book profits at regular intervals of 25/50/100+….

Roll over position on expiry.

Example – If you take 4 lots of NF then
1 st lot to be booked at 25 points gain or more
2 nd lot to be booked at 50 points gain or more
3 rd lot to be booked at 100 points gain or more
4 th lot to be carried till reversal of trend
__________________________________________________ __________
Disclaimer —

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards
SKFC

As far my knowledge is concerned the NFTP is arrived with the avg. of last 9 days high including today.

regards
subha.

Dear Friends,

It is easy to find the NFTP.

The difficult part is to trade using it.

Suggestions / comments are welcome.

Best Regards,
SKFC