NIFTY Futures Mechanical Trading

[jagendrain]

Dear Vinodji,

Can you extend your advice on buying a software providing intraday live feed for Indian Equity Market?

Thanks,

Jagendra Shah

 

[nadodav]

NIFTY FUTURE For March 13,

Current position : LONG (at 4866 on 11/03/2008)

Nifty Fut Closed at : 4868.45

Profit/Loss in current trade : +2.45 (as per last closing price)
Net Profit/Loss since thread started : +1712.45 (1710.00+02.45)

Support : 4818
Resistance : 4954

Hold LONG positions with SL 4818. If trades below 4818, Exit LONG & go SHORT with SL 4954.

Happy Trading.

Vinod

 

[nadodav]

Dear Vinodji,

Can you extend your advice on buying a software providing intraday live feed for Indian Equity Market?

Thanks,

Jagendra Shah

Hi

you can chk below two vendors. though i do not have any experience of them.

http://www.reliable.co.in/NewWeb/WebsiteVer1.htm

http://www.spidersoftwareindia.com/

the above is just for your information.

Thanks

Vinod

 

[jagendrain]

Dear Vinodji,

Thanks for your response to my query.

I used both the softwares with my disappoint. I should say, the suppliers are not concerned with user friendly software with quality "HELP Menu" and primary data like order book etc. In stead stress on number of Tools provided.

By the way, I come across this Blog day before yesterday and tried to follow your approach. I bought one lot of NIFTY @ 4865 on 11th after the prices were stayed above 4866 level for about three minutes. I am still holding this position as per your recomendation.

However, today, NIFTY touched 4997 in the opening session and gradually it touched day's low of 4855 and again recovered marginally up to 4868.45 at closing. In this case NIFTY swing was more than 140 points. The question here is how to pocket around 100 points from yesterday's Long Position keeping the position as it is.

Cheers,

Jagendra Shah

 

[psvaja]

Hi,

good thread to follow. pl keep it up

Pravin

 

[nadodav]

Hi all

I have exited LONG but not taken SHORT position because of gap-down opening. will go SHORT near 4800-4818 or wait till next signal.

Thanks

Vinod

 

[nadodav]

NIFTY FUTURE For March 14,

Current position : Nil
LONG Exited at 4708

Nifty Fut Closed at : 4597.30

Net Profit/Loss since thread started : +1551

Support : 4575
Resistance : 4781

SL range is high and around 200 points so we will avoid trading till range falls near 100-120 points.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For March 17,

Current position : Nil
LONG Exited at 4708

Nifty Fut Closed at : 4746.95

Net Profit/Loss since thread started : +1551

Support : 4692
Resistance : 4828

Happy Trading.

Vinod

 

[a_s_nandakumar]

When you are long or short overnight and next day it is a gap up or gap down opening then you may be incurring heavy loss.So how do you handle such a situation in the mechanical trading system.Because in gap up or gap down opening you will not be given chance to exit the trade,probably your position will be cut as it happened during the recent mayhem

 

[venkatprakash24]

Nifty Spot Recommendations for 17 March 2008

Scrip Previous Close Support 1 Support 2 Resistance 1 Resistance 2
Nifty (Spot) 4745.80 4672 4566 4789 4868