Dear All Friends,
We are facing lots of whipsaws. Due to which finally I have reduced position on my trading account. (Reduce by 25%)
I obsered nifty is trading in very small range from July 2009. I though nifty will take good momemtum from jun or july of 2010 but it doesn't happended.
The reason I found is only indian market is trading at last 2 years high and all other market US europian & asian are around 10-15 % below from their high of last 2 years.
Also VIX of indian market it very low it was in the range of 35 - 55 in Jan 2009 to Oct 2009. And now it didn't hit 30 from last 5-6 month and trading in the range of 15-20. This is the main reason we are not able to make good profit in nifty future.
I will wait for increase in VIX and good momemtum in nifty or if I found any good trading system which can give us good profit in such range bound market I will start this thread again.
Feel free to raise the questions your experience on this thread. I will be not posting the levels here but will active on this thread.
Happy Trading....
We are facing lots of whipsaws. Due to which finally I have reduced position on my trading account. (Reduce by 25%)
I obsered nifty is trading in very small range from July 2009. I though nifty will take good momemtum from jun or july of 2010 but it doesn't happended.
The reason I found is only indian market is trading at last 2 years high and all other market US europian & asian are around 10-15 % below from their high of last 2 years.
Also VIX of indian market it very low it was in the range of 35 - 55 in Jan 2009 to Oct 2009. And now it didn't hit 30 from last 5-6 month and trading in the range of 15-20. This is the main reason we are not able to make good profit in nifty future.
I will wait for increase in VIX and good momemtum in nifty or if I found any good trading system which can give us good profit in such range bound market I will start this thread again.
Feel free to raise the questions your experience on this thread. I will be not posting the levels here but will active on this thread.
Happy Trading....
Due to lack of momemtum I stopped updating levels in this thread and reduced position by 25% and see just 2-3 later nifty have taken fantastic momemtum
Happy Trading...