NIFTY Futures Mechanical Trading

[nadodav]

NIFTY FUTURE For February 6,

Current position : LONG (at 5193 on 01/02/2007)

Nifty Fut Closed at : 5480.95

Profit/(Loss) in current trade : +287.95 (as per last closing price)
Net Profit / (Loss) since thread started : +1141.95 (854.00+287.95)

Support : 5389
Resistance : 5491

Hold LONG positions with SL 5389 If trades below 5389, exit LONG & go SHORT with SL 5491.

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

Happy Trading.

Vinod

 

[nadodav]

Dear all,

i have exited long position at 5265 but not gone short and will wait before taking a new position


Vinod

 

[milkyblack]

hello vinod...
good that u posted that u did not go short and would wait. this would help the members over here to take position.

thanks

 

[umesh25]

Dear all,

i have exited long position at 5265 but not gone short and will wait before taking a new position


Vinod

HELLO VINOD
FROM LAST 2 WEEK MKT CONTINUE IS GOING ON RANGE BOUND AND TODAY THEY BREAK SUPPORT LEVEL AND WE NOT TAKE ANY POSITION. WHAT UR VIEW FOR MKT AND WHICH TREND IS GOING ON BECOUSE TODAY WE NOT TAKE SHORT POSITION BEC. MAY BE NOT CLEAR PICTURE SHOW THE MKT.

UMESH

 

[nadodav]

HELLO VINOD
FROM LAST 2 WEEK MKT CONTINUE IS GOING ON RANGE BOUND AND TODAY THEY BREAK SUPPORT LEVEL AND WE NOT TAKE ANY POSITION. WHAT UR VIEW FOR MKT AND WHICH TREND IS GOING ON BECOUSE TODAY WE NOT TAKE SHORT POSITION BEC. MAY BE NOT CLEAR PICTURE SHOW THE MKT.

UMESH

yes. picture is not clear. may remain rangebound some more time.

Vinod

 

[ravalsb]

Can we know how many members have taken short position this morning.

Vinod, what do you suggest for those who have taken short position today.

Thanks & Regards

 

[nadodav]

NIFTY FUTURE For February 7,

Current position : NIL

Nifty Fut Closed at : 5296.75

Net Profit / (Loss) since thread started : +926

Support : 5241
Resistance : 5402

I Will not take any position tomorrow & will wait.

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

Happy Trading.

Vinod

 

[nadodav]

Can we know how many members have taken short position this morning.

Vinod, what do you suggest for those who have taken short position today.

Thanks & Regards

I have not taken short position because market opened down far below our support. I expect market to remain rangebound and may trade in small range tomorrow withount any directional move. Its better to exit short position around 5300-5325. I think market is not tradeble at this moment. so better wait and watch.

Vinod

 

[marcus]

NIFTY FUTURE For February 7,

Current position : NIL

Nifty Fut Closed at : 5296.75

Net Profit / (Loss) since thread started : +926

Support : 5241
Resistance : 5402

I Will not take any position tomorrow & will wait.

Best Wishes

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

Happy Trading.

Vinod

good move Vinay, try to protect your profits money missed is better than money lost. Actually I have an opinion have you considered purchasing in the money option of delta near one at the close of each day and close your position on the first half an hour of trading to protect your profits. Apparently your profits have almost halved from 1600 points to 900 points , this is almost a 50% drawdown you now have to make a 100% to get to where you originally were. I think perhaps if you protected your profits even at the expense of forfeting possible gains your results may be dramatically improved. It appears gaps are proving more detremental than profitable.

Best wishes

 

[zeekid]

purchasing in the money option of delta near one at the close of each day and close your position on the first half an hour of trading

marcus, can you elaborate on these ITM Options/Delta near one as I completely don't understand options. Or may be point to a resource where I can help myself.

tks
nitesh