NIFTY Futures Mechanical Trading

[vinst]

Hi Vinst,
Please guide me about my situation.
On 24-12-2009 ,I shorted BNF Jan 2010, at 8902 (this was before I came accross this traderji thread).
Today,04/01/2010, the BNF closed in excess of 200 points from my position.
Please advice as to whether I book losses and buy in long or is there any chance of BNF reverting towards my level?
please advice.
thanks a lot.

I can only say that mkt is rising. no point in holding a short position. Either go long BNF around 9135 (for today only, this is not part of mech system) or wait for next trade to be triggered.

vin

 

[vinst]

Can u kindly take the trouble to post the levels for 15th Dec 2009 for the sake of 'record' and past analysis!!

For 15 Dec, 2009
------------------

NF in Long : R 5195, S 5060 (went long on 14th)
BNF in short : R 9160, S 8940

vin

 

[rkkarnani]

Thanks for 15th Dec figures!!

 

[gb333]

I am holding NAGARJUNA CONST. Jan future @ 171.50 and STERLITE Jan future @ 908.25.. what will be the level to exit?

 

[vinst]

For 06 Jan 2010 -------------------->
NF in Long : R 5290, S 5235
BNF in Long: R 9190, S 9100

vin

 

[vinst]

For 07 Jan 2010 -------------------->
NF in Long : R 5300, S 5245
BNF in Long: R 9280, S 9120

vin

 

[BIJU ABRAHAM]

For 07 Jan 2010 -------------------->
NF in Long : R 5300, S 5245
BNF in Long: R 9280, S 9120

vin

Simply awesome.Great support in Nifty.:clapping::clapping::clap::clap:

 

[vinst]

For 08 Jan 2010 -------------------->
NF in Long : R 5285, S 5230 (support lowered, happens sometimes)
BNF in Long: R 9200, S 9100

vin

 

[vinst]

For 11 Jan 2010 -------------------->
NF in Long : R 5280, S 5215 (support lowered, happens sometimes)
BNF in Long: R 9200, S 9100 (same as last trading day)

vin

 

[pundit]

Hi Vin,
I have gone through your modified Support - Resistenc levels, it seems nice.

In last two levels you have mentions "support lowered, happens sometimes" for NF, can you please explain what does it mean?
Thanks