NIFTY Futures Mechanical Trading

[selva_globe]

Dear All,

I am starting a new thread for Nifty Futures Traders. I am successfully following my own trend following mechanical trading system for NIFTY futures which i would like to share with you all. I will be posting daily two levels i.e. support & resistance for nifty futures alongwith my current position. These support & resistance are short term trend reversal points and not daily support & resistance levels though it has also worked very well in so many ocassions. My daily posting will look like this -

NIFTY FUTURE For October 29,

Current position : LONG (at 5479 on 25/10/2007)

Support : 5573
Resistance : 5728

Hold LONG positions with SL 5573. If trades below 5573, exit LONG & go SHORT with SL 5728

This means, we are currently LONG in Nifty. And if nifty trades below support i.e. if on Oct 29, Nifty futures trades below 5573 for 2-3 minutes, we will exit LONG & go SHORT with SL as resistance. in this case it is 5728. Incase of SHORT positions, we will look for market to trade above resistance to exit SHORT & go LONG.

So we are simply continuously will be in trade at any point of time either LONG or SHORT. there is no need to book profit as it will be taken care by these level it self. We will capture major part of short term trend in both ways i.e. up as well as down.

Whenever market trades rangebound, than we may have some series of small losses as trend following system will fail in rangebound market. So i request you all initially just watch the levels before putting actual money into trade. I request you to simply paper trade and keep records in excel sheet for atleast two months & once you confident enough, you can trade.

those who are new to futures trading, i think this will be the right place to learn trading futures in more disciplined way. every time you take any positions, you know what will be your exact loss if it goes against you so your emotions, fear etc will be removed.

Pl post your comments, views & feedback.

Vinod Nadoda

Updated on 24/11/2007

I have attached "Nifty fut.xls" till date which may be useful to keep track with my levels. i will keep updating on weekly basis here. Last one year result alongwith trades are also attached.

Vinod Nadoda

hello sir

i am new i do not understand ur system how to trade nifty ple tell me sir

 

[selva_globe]

sir

i am new i am not understand ur trading system how to trade nifty ple tell me

 

[vinst]

sir

i am new i am not understand ur trading system how to trade nifty ple tell me

selva,
please see the first post of this thread. ndodav is no longer posting the levels since quite some time. In his place I used to post daily levels for NF and BNF.

regards,
vin

 

[vinst]

At the beginning of 17-Feb-2010, we are long in NF and BNF

vin

 

[vinst]

At the begininning of 2-Mar-2010

NF in long
BNF in long

vin

 

[krishan prakash saxena]

Market may go slightly down in the starting, but than will go up and same trend may continue on 03/02/2010 due to budget effect.

 

[krishan prakash saxena]

Market changes very rapidly and gained more than 90 points. Pl beware although there is no negative factor.

 

[scplindia]

thanks for the tips

 

[krishan prakash saxena]

Market may open as gap up and remains bullish through out the day but there are chances of Nifty going down slightly in the second half. But overall, closing price of 04/03/2010 will be more than closing price of 03/03/2010.

 

[vinst]

Market may open as gap up and remains bullish through out the day but there are chances of Nifty going down slightly in the second half. But overall, closing price of 04/03/2010 will be more than closing price of 03/03/2010.

Saxenaji,

You posts are more in the nature of prediction. On this thread we followed non-predictive type of trading. It may be more fruitful for you to start a new thread where attention will be focussed on predicting the market behaviour.

thanks and regards,
vin