NIFTY Futures Mechanical Trading

[nadodav]

NIFTY FUTURE For August 7,

Current position : LONG (at 4344 on 01/08/2008)

Nifty Fut Closed at : 4526.00

Profit/Loss in current trade : +182.00 (as per last closing price)
Net Profit/Loss since thread started : +2208.00 (2026.00+182.00)

Support : 4480
Resistance : 4573

Hold LONG position with SL 4480. If trades below 4480, exit LONG & go SHORT with SL 4573.

Happy Trading.

Vinod

 

[columbus]

Anyone who wants to do swing trade one can add my Y id in messanger that is vipin42.

Dear Vipin,

Please spare this thread from your posts having commercial interest.

 

[pravinaca]

Hi Vinodji,

Stoploss of 6 points below your levels is good enough?

Thanks
Pravin

 

[nadodav]

Hi Vinodji,

Stoploss of 6 points below your levels is good enough?

Thanks
Pravin

For changing a position, and if you are not always against screen, 6 point is enough to place SL order. better will be watch both point-wise (5-10 points) as well as time-wise (2-3 minutes) & change position accordingly.

Vinod

 

[nadodav]

NIFTY FUTURE For August 8,

Current position : LONG (at 4344 on 01/08/2008)

Nifty Fut Closed at : 4531.60

Profit/Loss in current trade : +187.60 (as per last closing price)
Net Profit/Loss since thread started : +2213.60 (2026.00+187.60)

Support : 4500
Resistance : 4582

Hold LONG position with SL 4500. If trades below 4500, exit LONG & go SHORT with SL 4582.

Happy Trading.

Vinod

 

[bbrahma]

NIFTY FUTURE For August 8,

Current position : LONG (at 4344 on 01/08/2008)

Nifty Fut Closed at : 4531.60

Profit/Loss in current trade : +187.60 (as per last closing price)
Net Profit/Loss since thread started : +2213.60 (2026.00+187.60)

Support : 4500
Resistance : 4582

Hold LONG position with SL 4500. If trades below 4500, exit LONG & go SHORT with SL 4582.

Happy Trading.

Vinod

Hi Vinod,

could you please explain the calculation you do to find out your support & resistance values?

As I believe the S1=4485 & R1=4571 for tomorrow.

Bit confused about the level you set. Could you please give some idea??

Thanks

 

[anjanr]

vinodji has told that he will not disclose the method. we all follow the level and dont question the way it is done. if you have a better system follow that

Hi Vinod,

could you please explain the calculation you do to find out your support & resistance values?

As I believe the S1=4485 & R1=4571 for tomorrow.

Bit confused about the level you set. Could you please give some idea??

Thanks

 

[SamFisher]

Hi Vinod,

could you please explain the calculation you do to find out your support & resistance values?

As I believe the S1=4485 & R1=4571 for tomorrow.

Bit confused about the level you set. Could you please give some idea??

Thanks

Obviously you have not done enough home work before asking a question!
Please go thru atleast some of the initial posts in this thread and then ask the question about the calculations
I do not think Vinod is going to answer you question as he has answered that questions many times.!

 

[nadodav]

Position Changed. Now Short

Vinod

 

[praveen taneja]

Dear Friends, I feel Nifty fut can be bought @ 4489 - 4494 levels. Tgt can be 4581 with 4570 as SL.. If 4570 is broken then 4439 is the level to cover again. Regds, Vipin

sir i think it is a bit confusing ????? bought level ok tgt ok then why stop loss is 4570 is it 4470 bcoz from 4570to 4439 there is long gap