NIFTY Futures Mechanical Trading

[mob_planet]

hi, thanks your nifty level i watch your level within 10 to 15 days ur grate sir, I ask a question if u suggest. I have nifty sort position in 5135 what I do. May i know your oppenion for next day.

thanks

hitesh

 

[nadodav]

NIFTY FUTURE For February 21,

Current position : SHORT (at 5208 on 20/02/2008)

Nifty Fut Closed at : 5124.00

Profit/(Loss) in current trade : +84.00 (as per last closing price)
Net Profit / (Loss) since thread started : +1318.00 (1234.00+84.00)

Support : 5104
Resistance : 5222

Hold SHORT positions with SL 5222 If trades above 5222, exit SHORT & go LONG with SL 5104.

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

Happy Trading.

Vinod

 

[arjit]

Hi,Vinodji i am very happy to see that you are again taking position.I have a request to you if you kindly tell us as you take position during market hour.Thanks

 

[nadodav]

Hi,Vinodji i am very happy to see that you are again taking position.I have a request to you if you kindly tell us as you take position during market hour.Thanks

whenever you feel SL range is comfirtable you can take a trade. Just do not trade because of i am taking a position instead look for your risk appetite and if you feel comfirtable, can take trade. Risk appetite varies person to person so better to decide your self.


Vinod

 

[tulika]

vinod ji, i assume nifty long position is triggered as stop loss 5222 was hit...shud i go long on nifty now???

 

[aabhi06]

Dear tulika,
As you mentioned 5222 sl hit ,but you try to wait at list 2/3 mins is it sustain above 5222 ? or place sl order above 5/7 points on 5222.
As above method was wrote by VINOD in his prev reply.
*** Abhishek

 

[tulika]

thanks abhishek

 

[nadodav]

NIFTY FUTURE For February 22,

Current position : SHORT (at 5208 on 20/02/2008)

Nifty Fut Closed at : 5182.10

Profit/(Loss) in current trade : +25.90 (as per last closing price)
Net Profit / (Loss) since thread started : +1259.90 (1234.00+25.90)

Support : 5157
Resistance : 5254

Hold SHORT positions with SL 5254 If trades above 5254, exit SHORT & go LONG with SL 5157.

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

Happy Trading.

Vinod

 

[sandeep721]

NIFTY FUTURE For February 21,

Current position : SHORT (at 5208 on 20/02/2008)

Nifty Fut Closed at : 5124.00

Profit/(Loss) in current trade : +84.00 (as per last closing price)
Net Profit / (Loss) since thread started : +1318.00 (1234.00+84.00)

Support : 5104
Resistance : 5222

Hold SHORT positions with SL 5222 If trades above 5222, exit SHORT & go LONG with SL 5104.

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

Happy Trading.

Vinod

Dear vinod,

regarding the above message, I wanted some clarification. On feb'21st nifty futures touched 5222 very briefly , so short position should have been sqrd off or not. Your views would be greatly appreciated. Thanks

Sandeep

 

[nadodav]

Dear vinod,

regarding the above message, I wanted some clarification. On feb'21st nifty futures touched 5222 very briefly , so short position should have been sqrd off or not. Your views would be greatly appreciated. Thanks

Sandeep

Dear Sandeep & Tulika

For confirmation purpose, we have to see atleast 2-3 minutes that market trades above resistance or below support or can keep around 7-10 point below support or above resistance as a trigger point. Those who are new, i suggest to paper trade for atleast two months before actual trading.

Happy Trading

Vinod