Nifty Future - Catch 10 Points consistantly ?

sureshinfy · #1 19th August 2006, 03:18 AM

Dear All,

I have recently joined this group & has been watching this group regularly. I am extremely happy to see trader helping another trader in many ways. I need your help in perusing my objective.
My objective is to catch 10 points in Nifty future on daily basis. In any day Nifty future movement is 3 to many times the movement I am interested in. What kind of analysis I should be looking for??

Any practicle approcahes/suggestions would help me a lot.

Best Regards
Suresh

aca_trader · #2 19th August 2006, 12:34 PM

Quote:

Originally Posted by sureshinfy

Dear All,

I have recently joined this group & has been watching this group regularly. I am extremely happy to see trader helping another trader in many ways. I need your help in perusing my objective.
My objective is to catch 10 points in Nifty future on daily basis. In any day Nifty future movement is 3 to many times the movement I am interested in. What kind of analysis I should be looking for??

Any practicle approcahes/suggestions would help me a lot.

Best Regards
Suresh

Have you calculated the transaction costs?? How much those will be for this 10 point catch?

Best Regards,
--Ashish

alokdaga · #3 19th August 2006, 10:38 PM

Quote:

Originally Posted by aca_trader

Have you calculated the transaction costs?? How much those will be for this 10 point catch?

Best Regards,
--Ashish

If you have a competent broker and some decent vol shud not be more than 2 - 2.5 bucks

abhinkoi · #4 27th August 2006, 11:44 PM

Everything going bouncers guys...pls elaborate some more?

tanewbie · #5 27th August 2006, 11:54 PM

Brokerage will be killing

If u pay 0.03% brokerage

Assuming u shorted Nifty Ftrs @3400
Brkerage on sell will be: 3400*100*.03%=102
add to it 12.25% servce tax tht will be further Rs 12.4
Total brokerage on Sell side =114.4

NOw say u covered the short @3390
Brokerage will be 3390*100*0.03%*112.25%=114.03

Total brokerage will be 228.43
Net gain before STT
10*100=1000 less brokerage of RS 228.43 which is 771.5

All this on a margin of rupees 40000

I think its better to go for swing trading than looking for 10 points a day

nandlal_mk · #6 28th August 2006, 12:04 AM

Quote:

Originally Posted by sureshinfy

Dear All,

I have recently joined this group & has been watching this group regularly. I am extremely happy to see trader helping another trader in many ways. I need your help in perusing my objective.
My objective is to catch 10 points in Nifty future on daily basis. In any day Nifty future movement is 3 to many times the movement I am interested in. What kind of analysis I should be looking for??

Any practicle approcahes/suggestions would help me a lot.

Best Regards
Suresh

Oh man !!! what u r writting ??? We really came to know the NF moves so much --????????
hey dont mind, but u r asking for sure dig. do some real trading, and come to know- only god can catch ur 10 points.
By the way i pay a total of rs 3 for brkrg+tax+etc in NF's 1 trade(buy+sell) at current level of 3400, even i cant catch next 4 points of movements.

sureshinfy · #7 28th August 2006, 12:59 AM

Dear All

,

Thanks for your reply. I am sorry I could not reply sooner than this.
Yea I agree with some of your comments...

BTW...
I have some A class shares & I use them for margin. So the margin capital is not a problem. I intend to hold them for long term (1 year). Then I pay total brokerage at 0.04% (All inclusive).

I am looking forward to trade 10 lots at a time. Currently trading 5 lots at a time. Suppose if I can catch ~1.5 points minimum I can come out at no loss no gain. Minimum I try for 4.5 points where as I aspire for 10 points.

So I am looking for your feedback on type of analysis required, type of charts to be used, type of indicators to be seen etc??

Best Regards
Suresh

Gandhi710 · #8 28th August 2006, 12:15 PM

Hi All,

Today it looks like the market is going to go below the current low of 3372.30 in Nifty futures.

What do you say

alokdaga · #9 28th August 2006, 04:15 PM

Quote:

Originally Posted by Gandhi710

Hi All,

Today it looks like the market is going to go below the current low of 3372.30 in Nifty futures.

What do you say

Follow the trend - don't try to predict markets as they never follow predictions :-)

nandlal_mk · #10 29th August 2006, 01:00 AM

Quote:

Originally Posted by sureshinfy

Dear All

,

Thanks for your reply. I am sorry I could not reply sooner than this.
Yea I agree with some of your comments...

BTW...
I have some A class shares & I use them for margin. So the margin capital is not a problem. I intend to hold them for long term (1 year). Then I pay total brokerage at 0.04% (All inclusive).

I am looking forward to trade 10 lots at a time. Currently trading 5 lots at a time. Suppose if I can catch ~1.5 points minimum I can come out at no loss no gain. Minimum I try for 4.5 points where as I aspire for 10 points.

So I am looking for your feedback on type of analysis required, type of charts to be used, type of indicators to be seen etc??

Best Regards
Suresh

nothing much in technique to catch 4.5 points in nifty. Just sit in front of any online trading sw terminal which support charting, and any pullback up/down or impulse last normally 4 t0 7 points.

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