NIFTY Futures Mechanical Trading

[nadodav]

r the levels same for sept serier also?

The diff between AUG & SEP is just 1.4 points. so same levels are applicable for both the series.

Vinod

 

[nadodav]

Dear vinod, a sincere basic querry pl. Is it wise to calculate STOP on futures and place order instead to match the level of spot and exit/bk pft on the basis of spot. As future on prev day may close in discount may turn to premium or vice-versa and SL calculation which made on prev day may go wrong is what i feel. Ur views and supportiung comments pl.
Krishna

SL calculations are for FUTURES prices not spot. We have to look only NIFTY FUTURES prices to decide reversal.

 

[KomaL2099]

Hi ... Whats next ???? what shud be the SL for Shorts now ???

 

[jitu123]

Hi ... Whats next ???? what shud be the SL for Shorts now ???

Vinodji will publish soon...don't be panic..

 

[nadodav]

NIFTY FUTURE For August 29,

Current position : SHORT (at 4305 on 26/08/2008)

Nifty Fut Closed at : 4222.90

Profit/Loss in current trade : +82.10 (as per last closing price)
Net Profit/Loss since thread started : +2120.10 (2038.00+82.10)

Support : 4217
Resistance : 4288

Hold SHORT position with SL 4288. If trades above 4288, exit SHORT & go LONG with SL 4217.

Happy Trading.

Vinod

 

[KomaL2099]

HI Vinod (NADODAV)
your yday levels were really great .. I traded accordingly.
I have one doubt can you help me ??
So now we have an open Short position with 4288 as SL. What if tomorrow Nifty opened much above 4288 .. how do you manage such situation ..

 

[MaxBombay]

HI Vinod (NADODAV)
your yday levels were really great .. I traded accordingly.
I have one doubt can you help me ??
So now we have an open Short position with 4288 as SL. What if tomorrow Nifty opened much above 4288 .. how do you manage such situation ..

go long, follow the levels.

 

[daydreamer94]

Are we long now?

Regards
Day

 

[nadodav]

Yes. Now long with SL 4217

 

[NJ:)]

we shud have 50-60 pts gap up today.............i think that will not sustain.....

asia had turned soft........we shud be able to tell within 10 minutes, if shorts come in at higher levels......


i am holding nifty short @ 4306

rcapital short @ 1250


regards

nj : )

WATCH OUT FOR GDP NUMBERS @ 11 A.M.

B CAUTIOUS.....


REGARDS

NJ : )