NIFTY Futures Mechanical Trading

[nadodav]

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]

Changed at 3865. now short

 

[vips_shares]

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

 

[nadodav]

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]

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]

I have changed position at 4072.

 

[vinst]

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

regards,
vin

 

[optionstrader]

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

 

[nadodav]

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

Hi,

No. It will not work for stock or stock futures.

 

[nadodav]

NIFTY FUTURE For July 10,

Current position : LONG (at 4072 on 09/07/2008)

Nifty Fut Closed at : 4137.90

Profit/Loss in current trade : +65.90 (as per last closing price)
Net Profit/Loss since thread started : +1614.90 (1549.00+65.90)

Support : 4018
Resistance : 4153

Hold LONG position with SL 4018. If trades below 4018, exit LONG & go SHORT with SL 4153.

Happy Trading.

Vinod