NIFTY Futures Mechanical Trading

[marcus]

I just want to say in this system do not attempt to pyramid as it could be extremely dangerous, if you pyramid and the range is high (say like 500 points currently) by the time you reverse you could suffer serious losses, i think if one trades this system its best to stick with a constant number of lots.

 

[umesh25]

Hi Vinod Bhai

now what see mkt from here for this expiry and for next expiry bec fed cut after we cant see recovery. we can see call for next month ya wait and watch for this movemet.

umesh

should we go long now?

as per level now we are in long but can u feel at mkt will sustain and come to in bull run and give 5900 expiry

 

[nadodav]

NIFTY FUTURE For January 24,

Current position : LONG (at 5244 on 23/01/2007)

Nifty Fut Closed at : 5166.90

Profit/(Loss) in current trade : -77.10 (as per last closing price)
Net Profit / (Loss) since thread started : +1255.90 (1333.00-77.10)

Support : 4951
Resistance : 5340

Hold LONG positions with SL 4951. If trades below 4951, exit LONG & go SHORT with SL 5340

All new members visiting first time are requested to read all messages start from first one before going ahead.

No fresh position should be taken based on my support and resistances as range is very wide.

Happy Trading.

Vinod

 

[nadodav]

as per level now we are in long but can u feel at mkt will sustain and come to in bull run and give 5900 expiry

Dear Umesh,

I really do not know whether mkt will sustain and give near 5900 at expiry. i only trade michanical way and do not believe in prediction also.

Vinod

 

[sandeep721]

Dear vinod


Very nice analysis on nifty. I am following it since some days now and doing paper trades based on it. good going keep it up

Sandeep

 

[sachin_jain3]

Dear Vinod,

Do you yourself trade on this recommendation?

Sachin

 

[saurik]

HI...vinod

yesterday FII were net buyer in index worth 17rs.bn open interest redused by 3.17% what dose it suggest?

 

[nadodav]

Dear All,

I will not take next SHORT call if trades below 4951 due to high volatality. currently trading at 5030. Will wait for next call.

thanks

Vinod

 

[sachin_jain3]

Hello Vinod,

So is it ok to take some of the calls posted on the thread based on our comfort level. Or you want us to take us all the calls and do a continuos trading to be profitable?

Sachin

 

[umesh25]

Dear All,

I will not take next SHORT call if trades below 4951 due to high volatality. currently trading at 5030. Will wait for next call.

thanks

Vinod

its a good decision to not take short position and today nifty not break support level they break only ressisance may be we want to wait for taking next position becouse mkt may be go for rangbound with high volatality.

Umesh