NIFTY Futures Mechanical Trading

[nadodav]

NIFTY FUTURE For February 14,

Current position : LONG (at 4900 on 13/02/2008)

Nifty Fut Closed at : 4908.90

Profit/(Loss) in current trade : +8.90 (as per last closing price)
Net Profit / (Loss) since thread started : +934.90 (926.00+8.90)

Support : 4839
Resistance : 4975

Hold LONG positions with SL 4839 If trades below 4839, exit LONG & go SHORT with SL 4975.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For February 15,

Current position : LONG (at 4900 on 13/02/2008)

Nifty Fut Closed at : 5186.85

Profit/(Loss) in current trade : +286.85 (as per last closing price)
Net Profit / (Loss) since thread started : +1212.85 (926.00+286.85)

Support : 4981
Resistance : 5192

Hold LONG positions with SL 4981 If trades below 4981, exit LONG & go SHORT with SL 5192.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

 

[ravalsb]

I encourage you to try and tell us the possibilities even if its not viable, tell us why its not viable, I and I think Vinod as well would welcome your
participation.

marcus

Marcus,

Thanks for the encouragement.

I have initiated dry runs to check the viability of using NIFTY futures support and resistance levels as a benchmark indicators to trade options.

Till now what I have done is bought NIFTY 4900 CALL Option @ 205 on 13 February (the day Vinod was to go Long on Nifty @ 4900).

Now, what I will be doing is whenever NIFTY breaks the support and we are to go Short on Nifty Futures, I would be selling Call Option and buying PUT option of the strike price nearest to the support level thus triggered and similarly again while covering shorts.

I am not sure what would be the outcome, neverthless it seems it would be a good learning for own myself.

Thanks & Regards

 

[ankurdhamija83]

Guyz i have already shorted 2 nifty(lot size 50) @ 5305 and planning to short more around 5380-90 range...with a stop loss of 5400...and an extreme stop loss of 5480...

Lemme knw ur comments....

 

[zeekid]

Guyz i have already shorted 2 nifty(lot size 50) @ 5305 and planning to short more around 5380-90 range...with a stop loss of 5400...and an extreme stop loss of 5480...

Lemme knw ur comments....

how do u put an "extreme" sl order into the system/broker-terminal?

 

[ankurdhamija83]

extreme stop meant..tht i would exit all my shorts thr..and wait for the market to come back to the 5480 levels.....i wnt b going long in any case....

 

[nadodav]

NIFTY FUTURE For February 18,

Current position : LONG (at 4900 on 13/02/2008)

Nifty Fut Closed at : 5291.25

Profit/(Loss) in current trade : +391.25 (as per last closing price)
Net Profit / (Loss) since thread started : +1317.25 (926.00+391.25)

Support : 5112
Resistance : 5302

Hold LONG positions with SL 5112 If trades below 5112, exit LONG & go SHORT with SL 5302.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

 

[ghosh_ak34]

Marcus,

Thanks for the encouragement.

I have initiated dry runs to check the viability of using NIFTY futures support and resistance levels as a benchmark indicators to trade options.

Till now what I have done is bought NIFTY 4900 CALL Option @ 205 on 13 February (the day Vinod was to go Long on Nifty @ 4900).

Now, what I will be doing is whenever NIFTY breaks the support and we are to go Short on Nifty Futures, I would be selling Call Option and buying PUT option of the strike price nearest to the support level thus triggered and similarly again while covering shorts.

I am not sure what would be the outcome, neverthless it seems it would be a good learning for own myself.

Thanks & Regards

Dear Friend,

When you are taking calls / puts as per Vinod's Support/Resistense levels be bit cautious taking a buy/sell call near date of expiry or after 20th of month. Another thing option trading is good when traded in line with trend + volume. Options often needs time to grow unlike futures. Mosty, futures and options don't move in tandem. These are just my views based on my experince with options.

Regards

 

[nadodav]

NIFTY FUTURE For February 19,

Current position : LONG (at 4900 on 13/02/2008)

Nifty Fut Closed at : 5272.45

Profit/(Loss) in current trade : +372.45 (as per last closing price)
Net Profit / (Loss) since thread started : +1298.45 (926.00+372.45)

Support : 5171
Resistance : 5294

Hold LONG positions with SL 5171 If trades below 5171, exit LONG & go SHORT with SL 5294.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For February 20,

Current position : LONG (at 4900 on 13/02/2008)

Nifty Fut Closed at : 5261.10

Profit/(Loss) in current trade : +361.10 (as per last closing price)
Net Profit / (Loss) since thread started : +1287.10 (926.00+361.10)

Support : 5231
Resistance : 5332

Hold LONG positions with SL 5231 If trades below 5231, exit LONG & go SHORT with SL 5332.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Happy Trading.

Vinod