NIFTY Futures Mechanical Trading

[vinst]

Hi Vin,
I have gone through your modified Support - Resistenc levels, it seems nice.

In last two levels you have mentions "support lowered, happens sometimes" for NF, can you please explain what does it mean?
Thanks

usually in Long trade, we expect support to rise. Sometimes it does not happen so, like in last two days.

regards,
vin

 

[pundit]

still did not get "support to rise"...

if nifty touches the support level then should we go go short?????

 

[vinst]

still did not get "support to rise"...

if nifty touches the support level then should we go go short?????

In Long position, scrip going below support, close Long and go short.
In Short position, scrip going above resistance, close short and go Long.

vin

 

[pundit]

Thanks Vin..

Waiting for your levels for today.......

 

[vinst]

For 12 Jan 2010 -------------------->
NF in Long : R 5285, S 5230
BNF in Long: R 9230, S 9120

vin

 

[pundit]

Support broken once..........

Nifty low -- 5226

Should we go short?????????????

 

[vinst]

Support broken once..........

Nifty low -- 5226

Should we go short?????????????

go short, SAR as Resistance level of today

vin

 

[kkr555]

(a) Are we SHORT at 5230 today ?
(b) What if Nifty opened with a big gap down at say 5200. Then what should one do under such a scenario. ?

For 12 Jan 2010 -------------------->
NF in Long : R 5285, S 5230
BNF in Long: R 9230, S 9120

vin

 

[vinst]

For 13 Jan 2010 -------------------->
NF in Short : R 5285, S 5180
BNF in Short: R 9245, S 8910

vin

 

[vinst]

For 14 Jan 2010 -------------------->
NF in Short : R 5275, S 5200
BNF in Short: R 9060, S 8875

vin