NIFTY Futures Mechanical Trading

[nadodav]

NIFTY FUTURE For September 3,

Current position : LONG (at 4380 on 02/09/2008)

Nifty Fut Closed at : 4516.80

Profit/Loss in current trade : +136.80 (as per last closing price)
Net Profit/Loss since thread started : +2091.80 (1955.00+136.80)

THESE LEVEL ARE FOR SEPTEMBER 04/09/2008

Thanks. corrected

 

[nadodav]

NIFTY FUTURE For September 5,

Current position : LONG (at 4380 on 02/09/2008)

Nifty Fut Closed at : 4456.05

Profit/Loss in current trade : +76.05 (as per last closing price)
Net Profit/Loss since thread started : +2031.05 (1955.00+76.05)

Support : 4389
Resistance : 4481

Hold LONG position with SL 4389. If trades below 4389, exit LONG & go SHORT with SL 4481.

Happy Trading.

Vinod

 

[akasthyar]

Dear Vinod ji,

Tue 02/09/2008 - nifty closing was 4516.80
Thu 04/09/2008 - nifty closing was 4456.05

That made a difference of minus 60.75 in our long positions.
Am I correct? Kindly check it out.

Akasthyar

 

[avijit_das]

Dear Vinod ji,

Tue 02/09/2008 - nifty closing was 4516.80
Thu 04/09/2008 - nifty closing was 4456.05

That made a difference of minus 60.75 in our long positions.
Am I correct? Kindly check it out.

Akasthyar

sir, pls calculate in this way, we were long from 4380, today closed at 4456, so today as per closing basis we are in pft of 76 pnt, and u made calculation in this way if i am nt mistaken--- (4516-4456)=-(60) pnt based on last two days closing diffrnce, bt starting from ur entry position we r in 76 pnt pft
hope this helps,
avijit

 

[MaxBombay]

Looks like, BAD DAY tomorrow, chaos in all global markets, dow and nasdaq are down around 3%.

Tomorrow market will definitely open below 4389.

 

[nadodav]

Looks like, BAD DAY tomorrow, chaos in all global markets, dow and nasdaq are down around 3%.

Tomorrow market will definitely open below 4389.

Yes. surely it will be gap-down opening below support. we will wait till market settles before changing our position. Usually we wait 5 minutes (till 10.00) to allow market settle down. And incase after 5 minutes if market trades above support, we have to wait till it again trades below support for altest two minutes to change position.

 

[santhosh44]

its 10am and nifty @ 4354. shall we go short now?

 

[pravinaca]

Position Changed at 4358

 

[nadodav]

Position Changed @ 4355. now short with SL 4481

 

[rasokan]

Change posn?