NIFTY Futures Mechanical Trading
- Thread starter nadodav
- Start date
- Status
NIFTY FUTURE For August 4,
Current position : LONG (at 4344 on 01/08/2008)
Nifty Fut Closed at : 4432.85
Profit/Loss in current trade : +88.85 (as per last closing price)
Net Profit/Loss since thread started : +2114.85 (2026.00+88.85)
Support : 4324
Resistance : 4460
Hold LONG position with SL 4324. If trades below 4324, exit LONG & go SHORT with SL 4460.
Happy Trading.
Vinod
Current position : LONG (at 4344 on 01/08/2008)
Nifty Fut Closed at : 4432.85
Profit/Loss in current trade : +88.85 (as per last closing price)
Net Profit/Loss since thread started : +2114.85 (2026.00+88.85)
Support : 4324
Resistance : 4460
Hold LONG position with SL 4324. If trades below 4324, exit LONG & go SHORT with SL 4460.
Happy Trading.
Vinod
Dear Fellow Traders:
This is my first post.
I do the NIFTY futures rarely now as the profit (ROC) is too low. So I have switched to STOCK futures where I get more return for the capital blocked. I target a ROC of 5% per day. So 100 good days and 50 bad day should give approx. 250% ROC/annum.
I am not a great believer in technicals. I see the history of the past few days/weeks/month, the news and most IMPORTANTLY the minute-to-minute movement from 09.55to 15.30 Hrs. IST.
There does not appear to have been any optimistic news to have triggered yesterday's (01/08/2008) SPOT 81 Pts. rise. It could be a reversal of an oversold position in certain NIFTY scripts ( SBI, HDFC, WIPRO, BHEL, RELIANCE ). As a matter of fact international cues pointed to a fall early yesterday and the news later was also bad. So a fall on Mon. 04/08/2006 seems more likely than a rise.
Lets hope for the best - rise or fall - traders work both ways to hopefully make some gain.
j.
This is my first post.
I do the NIFTY futures rarely now as the profit (ROC) is too low. So I have switched to STOCK futures where I get more return for the capital blocked. I target a ROC of 5% per day. So 100 good days and 50 bad day should give approx. 250% ROC/annum.
I am not a great believer in technicals. I see the history of the past few days/weeks/month, the news and most IMPORTANTLY the minute-to-minute movement from 09.55to 15.30 Hrs. IST.
There does not appear to have been any optimistic news to have triggered yesterday's (01/08/2008) SPOT 81 Pts. rise. It could be a reversal of an oversold position in certain NIFTY scripts ( SBI, HDFC, WIPRO, BHEL, RELIANCE ). As a matter of fact international cues pointed to a fall early yesterday and the news later was also bad. So a fall on Mon. 04/08/2006 seems more likely than a rise.
Lets hope for the best - rise or fall - traders work both ways to hopefully make some gain.
j.
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
NIFTY/ BANK NIFTY Option Trade Tool (Buy/ Sell) based on Futures / Spot Prices | Options | 7 | |
| R | Bank Nifty Futures | Trading Diary | 20 | |
| M | Nifty Futures - 1 min - Pre-2010 data | Intraday | 1 | |
| N | Need Nifty futures EOD data for last 3-5 years | End of Day | 3 | |
| T | Nifty Futures My Mechanical System Calls (Information Purpose) | Futures | 8 |
Similar threads
-
NIFTY/ BANK NIFTY Option Trade Tool (Buy/ Sell) based on Futures / Spot Prices
- Started by allex418
- Replies: 7
-
-
-
-
Nifty Futures My Mechanical System Calls (Information Purpose)
- Started by TradeForProfit
- Replies: 8