NIFTY Futures Mechanical Trading

[nadodav]

hi,vinod
why dont u give ur lvls with respect to spot?

hi saurik,

Why you need levels for spot ? you can safely add/deduct discount/premium from lvls to get approx levels for spot.

 

[nadodav]

NIFTY FUTURE For March 3,

Current position : SHORT (at 5217 on 29/02/2008)

Nifty Fut Closed at : 5181.10

Profit/(Loss) in current trade : +35.90 (as per last closing price)
Net Profit / (Loss) since thread started : +1394.90 (1359.00+35.90)

Support : 5097
Resistance : 5236

Hold SHORT positions with SL 5236 If trades above 5236, exit SHORT & go LONG with SL 5097.

I have updated Nifty Fut.xls in my first message.

Happy Trading.

Vinod

 

[rajesh pawar]

Hi Nadodav,
I follow your thread regularly and try to figure out how u come with those support and resistance levels. They are slightly different from pivot points. I want to develop a similar strategy for trading futures and would like some help from experts like you. It will be a great help if u can post your calculations.

Looking forward for your help.....

Rajesh....

 

[arjit]

Vinodji,It is clearly seen that the no. of ur admirer r increasing day by day and willing to know how u calculate res. and sup.All the man who change the system are always blessed by GOD.Being a teacher i know very well that giving knowledge to anyone is the ability given by GOD.So one should spread his knowledge to be blessed by GOD.So it is my humble request to think again."A burning candle is kept on the table not under the table." Thanks.

 

[arjit]

Vinodji,It is clearly seen that the no. of ur admirer r increasing day by day and willing to know how u calculate res. and sup.All the man who change the system are always blessed by GOD.Being a teacher i know very well that giving knowledge to anyone is the ability given by GOD.So one should spread his knowledge to be blessed by GOD.So it is my humble request to think again."A burning candle is kept on the table not under the table." Thanks.

 

[nadodav]

NIFTY FUTURE For March 4,

Current position : SHORT (at 5217 on 29/02/2008)

Nifty Fut Closed at : 4894.20

Profit/(Loss) in current trade : +322.80 (as per last closing price)
Net Profit / (Loss) since thread started : +1681.80 (1359.00+332.80)

Support : 4876
Resistance : 5097

Hold SHORT positions with SL 5097. If market trades above 5097, we exit SHORT but will not take LONG as SL range is high.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For March 5,

Current position : SHORT (at 5217 on 29/02/2008)

Nifty Fut Closed at : 4834.75

Profit/(Loss) in current trade : +382.25 (as per last closing price)
Net Profit / (Loss) since thread started : +1741.25 (1359.00+382.25)

Support : 4832
Resistance : 4980

Hold SHORT positions with SL 4980. If market trades above 4980, Exit SHORT & go LONG with SL 4832.

Happy Trading.

Vinod

 

[milkyblack]

thank u vinod ji for ur continous effort to post ur supp & resistance.
well i would like to start trading from now based on ur reco... so would it be right to get in a position at the current supp/resistance?
thanks a lot

 

[nadodav]

thank u vinod ji for ur continous effort to post ur supp & resistance.
well i would like to start trading from now based on ur reco... so would it be right to get in a position at the current supp/resistance?
thanks a lot

Hi,

Whether to trade or not, you only should decide.

Vinod

 

[nadodav]

NIFTY FUTURE For March 7,

Current position : SHORT (at 5217 on 29/02/2008)

Nifty Fut Closed at : 4904.10

Profit/(Loss) in current trade : +312.90 (as per last closing price)
Net Profit / (Loss) since thread started : +1671.90 (1359.00+312.90)

Support : 4864
Resistance : 4964

Hold SHORT positions with SL 4964. If market trades above 4964, Exit SHORT & go LONG with SL 4864.

Happy Trading.

Vinod