Stock FUTURES To Keep A Close Eye On

[aabhi06]

Savant SIR,

Good eve,

As per your guidance today morning i bought RELIANCE 1 LOT @ 930.05

for posi. trade, will hold up to SL 940.

Due to internet probl. i couldnt post in aftternoon.

Thanks a lot .

SAVANT SIR,

Good eve.

As per you direction bought Reliance Fut. @ 930.05 *On 6 sep.

Reliance made 100/- rs from my holding:clap:

Thanks a lot.

 

[SavantGarde]

'JAI BABA'​

Here are some stock futures for next few days...

1) ABAN
2) ESSAROIL
3) ITC
4) IVRCLINFRA
5) RELINFRA
6) SUZLON

Use trading intelligence for Entry, Exit & S/L.

Happy & Safer Trading

SavantGarde

 

[alroyraj]

Any guidelines to take positional calls in stock futures-should we just look at the stock EOD graph and the premium/discount to go long/short or is it necessary to view the market participants position like put call ratio, OI etc.
Up till now was only taking small moves but not much luck in overnight positions.
Savant Garde ji I would appreciate some clarity. Thanks.
I understand that for stock futures you use SMA 5 and 6 and BB (9,2). Can SMA 20 & SMA 50 crossover too be used for this. Can bounces off the 20 SMA be considered?

Hi Nagendra,

For Swing Trading I Would Recommend The Following Few, You May Adopt Whichever You Are Comfortable With:

a) If The Whole Candle Including The Wick Closes Above 20 EMA For Long & S/L Should Be If 70% Of The Candle Body Is Below The 20 EMA.

b) Second Strategy Is To Go Long 20/50 SMA Crossover, Where 20 MA Has Crossed Over To The Upside Of The 50 SMA

c) Third Strategy Is Go Long On 5/6 SMA Crossover

d) If Following Candlestick Pattern Then You Will Be Familiar With Bullish Engulf & Bearish Engulf Patterns.

e) Another One Is Based On BB If The Lower BB Is Pierced Followed By A Green Candle Immediately....For Long & If Upper BB Is Pierced Immediately Followed By A Red Candle To Go Short.

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Hi AlRoyRaj,

Firstly, My sincere apologies for the delay...in replying

1) If you have been predominantly an intraday trader then, it becomes so much more difficult to be a positional trader. Since the appetite for overnight risk is almost not present.

2) In a trending market like the one we have been witnessing since Feb.'09 it was far more rewarding to be a positional trader than a intraday trader.

3) To be a Positional trader there are a few qualities that one must develop

a) To correctly identify the overall trend
b) To correctly identify the sector tailwind
c) Within the sector to correctly identify the scrip that will be most favoured

4) In a trending market there is yet another way for entry for those with very little risk appetite

a) Identify the major support level where if not broken, to make an entry

What the above does is reduce the risk of major downside from entry.

To illustrate an example:

let's say Scrip A has a support 100 and has only dipped below a little bit during intraday... therefore it becomes a good entry point because downward risk is atleast known before taking an entry & hence your risk is only limited to the break of the support levels.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Scaling up or scaling down...is another way of compounding profit in a position thus, creating that extra bit of margin of safety.

All the strategies outlined are valid for Futures segment.... & can be tweaked for individual's personal preferences.

If I have missed something please feel free to query.....will try and do my best in terms of reply.

Happy & Safer Trading

SavantGarde

Any guidelines to take positional calls in stock futures-should we just look at the stock EOD graph and the premium/discount to go long/short or is it necessary to view the market participants position like put call ratio, OI etc.
Up till now was only taking small moves but not much luck in overnight positions.
Savant Garde ji I would appreciate some clarity. Thanks.
I understand that for stock futures you use SMA 5 and 6 and BB (9,2). Can SMA 20 & SMA 50 crossover too be used for this. Can bounces off the 20 SMA be considered?

 

[MurAtt]

Hi SG

Bot ABAN today @ 848 - 25 nos Equity Delivery.
Tgts 1100/- positional ...

Also can u pls have a look at Ackruti. Have 50 nos @ 540 where someone keeps pressing the Sell button ....

Your thoughts on Infy pls ... 3045 seems a bit overstretched maybe ...
And Satyam .. entry around 100/- rs .... what say ?

Murtaza

 

[rahuld2976]

Hi SG

Bot ABAN today @ 848 - 25 nos Equity Delivery.
Tgts 1100/- positional ...

Also can u pls have a look at Ackruti. Have 50 nos @ 540 where someone keeps pressing the Sell button ....

Your thoughts on Infy pls ... 3045 seems a bit overstretched maybe ...
And Satyam .. entry around 100/- rs .... what say ?

Murtaza

SM Bhai,
If you dont mind can you tell how target of 1100 is calculated ?
Thanks & Regards.

 

[rajeabc]

SM Bhai,
If you dont mind can you tell how target of 1100 is calculated ?
Thanks & Regards.

I think it is based on previous data. i.e last time Nov 2009 till May 2010 it was working as strong support now it has become a strong resistance. So you need to watch this level if it crosses this level with Volume it may hit 1300+ and 1500+ level.

SM bhayee , Am I right. If messing up please let me know I will delete the post.

 

[prabit]

Hi AlRoyRaj,

Firstly, My sincere apologies for the delay...in replying

1) If you have been predominantly an intraday trader then, it becomes so much more difficult to be a positional trader. Since the appetite for overnight risk is almost not present.

2) In a trending market like the one we have been witnessing since Feb.'09 it was far more rewarding to be a positional trader than a intraday trader.

3) To be a Positional trader there are a few qualities that one must develop

a) To correctly identify the overall trend
b) To correctly identify the sector tailwind
c) Within the sector to correctly identify the scrip that will be most favoured

4) In a trending market there is yet another way for entry for those with very little risk appetite

a) Identify the major support level where if not broken, to make an entry

What the above does is reduce the risk of major downside from entry.

To illustrate an example:

let's say Scrip A has a support 100 and has only dipped below a little bit during intraday... therefore it becomes a good entry point because downward risk is atleast known before taking an entry & hence your risk is only limited to the break of the support levels.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Scaling up or scaling down...is another way of compounding profit in a position thus, creating that extra bit of margin of safety.

All the strategies outlined are valid for Futures segment.... & can be tweaked for individual's personal preferences.

If I have missed something please feel free to query.....will try and do my best in terms of reply.

Happy & Safer Trading

SavantGarde

Savant sir,
Thanks a lot. I have already taken a printout of your advice and kept in my file.You mentioned entry at support level. I wonder that you did not mention entry at breakout of resistence.Is is because it fits into swing trading, not positional trading?

 

[shaslam]

Savant sir,
Thanks a lot. I have already taken a printout of your advice and kept in my file.You mentioned entry at support level. I wonder that you did not mention entry at breakout of resistence.Is is because it fits into swing trading, not positional trading?

We can also enter at breakout of Resistance level. today's resistance level can become tomorrow's support level.

 

[SavantGarde]

Stock Futures not advisable to enter on breakout.....infact, after the breakout wait for some retracement for entry...atleast immediate range is established of the breakout.

Happy & Safer Trading

SavantGarde