NIFTY Futures Mechanical Trading

[xtalk]

mansukh, is there any reason to go long? That 4200-4650 range now becoming narrower. I'll wait till SPOT breaks 4160-4170. Also, I guess Lehman will dump all Indian assets.

 

[nadodav]

NIFTY FUTURE For September 15,

Current position : Nil

Nifty Fut Closed at : 4245.80

Net Profit/Loss since thread started : +1618.00

Support : 4224
Resistance : 4336

Happy Trading.

Vinod

 

[columbus]

Dear All:
4200.15 is the SPOT L on 12/09/2008. R we going to the mid-July Lows of down to 3790 ? Or do we rebound to 4400?
j.
Thanks!

If you look at last one month graph of nifty with
50-DMA and 100 DMA.We bounced up from
50DMA thrice and bounced down from 100-
DMA ,thrice(almost).In fact on Friday itself we were
on 50-DMA line ,ready for a bounce up but went
unfortunately below 50-DMA.

 

[roameri]

If you look at last one month graph of nifty with
50-DMA and 100 DMA.We bounced up from
50DMA thrice and bounced down from 100-
DMA ,thrice(almost).In fact on Friday itself we were
on 50-DMA line ,ready for a bounce up but went
unfortunately below 50-DMA.

What is the SPOT 50-DMA & the 100 DMA?
j.

 

[columbus]

What is the SPOT 50-DMA & the 100 DMA?
j.

100-dma=4527
50-dma=4295


In NORMAL circumstances the higher DMA will be at bottom and the lower dma follows the trend.

 

[kjalan]

Well i m a newbie, pls forgive if my question is silly,?

what does DMA stands for daily moving average, or displaced moving average?


thank you
Krishna

 

[abcpankaj]

Krishna : Its Daily.

 

[devangan123]

Well i m a newbie, pls forgive if my question is silly,?

what does DMA stands for daily moving average, or displaced moving average?


thank you
Krishna

When DMA acts as Support it is termed as Daily Moving average and when it acts as Resistance and throw nifty down again it is termed as Displaced Moving Average

Just Kidding friend DMA means Daily Moving Average


Regards
Devan

 

[rkkarnani]

NIFTY FUTURE For September 12,

Current position : Nil

Nifty Fut Closed at : 4417.25

Net Profit/Loss since thread started : +1618.00

Support : 4291
Resistance : 4402

Happy Trading.

Vinod

Vinod, Visited your thread after some time!!!! Seems its going through a bad patch!! Happens!!! The level above ...there seems to be some typo!!!?? On 11th NF closed at 4307 (Last traded rates, and not weighted average of last 30 minutes)
You have suggested not to take a position as the total drawdown shall be more than > 500 points!!! Well then when do you trade!!! Seems I am missing out something!!! My view wud be to go for the trades till the 500 mark is exceeded and then wait for a new derivative month to restart!!!

 

[MaxBombay]

Exited Long position. No new position

i was short, just square up my positions at 4012

looks like next target is 3850. Lahman brother is filing for bankruptcy bad bad news for US financial markets.