NIFTY Futures Mechanical Trading

[arjit]

Dear Vinod,if today we have to reverse the position (long) at 4277 then of which month's NF will be taken,june or july as there is a big difference in both the prices.

 

[columbus]

Dear Muktha / columbus

Final settlement is automatic for open positions in futures as well as options. So if you do not square-off your futures position on expiry day, than all your open positions will be automatically settled at final settlement price of underlying i.e. for Nifty, closing price of index on expiry day & respective profit/loss amount will be credited/debited on your account.


Vinod

Dear vinod,

To be frank I never faced this problem of OPENING the future positions till EXIPIRY.Generally I square off them in advance and adding the next month FUTURE in watchlist altogether removing the old futures.

"......A futures contract gives the holder the obligation to buy or sell, which differs from an options contract, which gives the holder the right, but not the obligation. In other words, the owner of an options contract may or may not exercise the contract. Whereas in a futures contract, both parties of a "futures contract" must fulfill the contract on the settlement date......"
The mere definitions made me think like that.

Thanks for the clarification.

 

[nadodav]

NIFTY FUTURE For June 26,

Current position : SHORT (at 4515 on 19/06/2008)

Nifty Fut Closed at : 4245.00

Profit/Loss in current trade : +270.00 (as per last closing price)
Net Profit/Loss since thread started : +1923.00 (1653.00+270.00)

Support : 4174
Resistance : 4305

Hold SHORT position with SL 4305. If trades above 4305, exit SHORT & go LONG with SL 4174.

Happy Trading.

Vinod

 

[ravalsb]

Dear Muktha / columbus

Final settlement is automatic for open positions in futures as well as options. So if you do not square-off your futures position on expiry day, than all your open positions will be automatically settled at final settlement price of underlying i.e. for Nifty, closing price of index on expiry day & respective profit/loss amount will be credited/debited on your account.


Vinod

Hi Vinod, sorry to interrupt. Would like to add here for the sake of clarity that OTM options would not be settled and will be valued zero on settlement.

Regards

 

[justnifty]

Vinod,

Would you consider starting a mailing list with your analysis and levels so that we can get it in our inbox. It's just saves the effort to get to the last page of the posts everyday. AND you would get to know the actual number of people receiving your posts (of course the mailing list would not entertain discussions because they would continue on traderji).

Just a thought

JustNifty

 

[pravinaca]

Hi Vinodji,
Did you reverse the position?

Pravin

 

[nadodav]

NIFTY FUTURE For June 27,

Current position : LONG (at 4246 on 26/06/2008)

Nifty Fut Closed at : 4245.65

Profit/Loss in current trade : -0.35 (as per last closing price)
Net Profit/Loss since thread started : +1862.65 (1863.00-0.35)

Support : 4185
Resistance : 4277

Hold LONG position with SL 4185. If trades below 4185, exit LONG & go SHORT with SL 4277.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For June 30,

Current position : SHORT (at 4141 on 27/06/2008)

Nifty Fut Closed at : 4078.55

Profit/Loss in current trade : +62.45 (as per last closing price)
Net Profit/Loss since thread started : +1820.45 (1758.00+62.45)

Support : 4047
Resistance : 4194

Hold SHORT position with SL 4194. If trades above 4194, exit SHORT & go LONG with SL 4047.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For July 1,

Current position : SHORT (at 4141 on 27/06/2008)

Nifty Fut Closed at : 3972.75

Profit/Loss in current trade : +168.25 (as per last closing price)
Net Profit/Loss since thread started : +1926.25 (1758.00+168.25)

Support : 3958
Resistance : 4097

Hold SHORT position with SL 4097. If trades above 4097, exit SHORT & go LONG with SL 3958.

Happy Trading.

Vinod

 

[siddhakala]

Hello,
The S/L levels you give are of Nifty Spot or Nifty Fut?

Thanks