NIFTY Futures Mechanical Trading

[nadodav]

NIFTY FUTURE For March 31,

Current position : LONG (at 4851 on 27/03/2008)

Nifty Fut Closed at : 4970.65

Profit/Loss in current trade : +119.65 (as per last closing price)
Net Profit/Loss since thread started : +1700.65 (1581.00+119.65)

Support : 4844
Resistance : 4972

Hold LONG positions with SL 4844. If trades below 4844, Exit LONG & go SHORT with SL 4972.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For April 1,

Current position : SHORT (at 4844 on 31/03/2008)

Nifty Fut Closed at : 4732.30

Profit/Loss in current trade : +111.70 (as per last closing price)
Net Profit/Loss since thread started : +1685.70 (1574.00+111.70)

Support : 4691
Resistance : 4864

Hold SHORT positions with SL 4864. If trades above 4864, Exit SHORT & go LONG with SL 4691.

Happy Trading.

Vinod

 

[kishan75]

Sir

I don't want to Interrupt your Trades nor your trading style but please if you don't mind can i ask a question.

Why are u carrying Positions on which you are making Profits in this type of Volatile Markets

For Example If you have Booked Profit Just before end of today and on 28 th Friday than you would have been in good Profits.

You have to Sacrifced your % of Profits today also from 28th Profit and this will happen tomorrow again from today's position,

So my Question is , IS IT NOT GOOD TO SQUARE OFF POSITION IF YOU ARE GETTING GOOD PROFIT , After only for Profit we are building Positions

 

[kishan75]

Every Body Please Ignore my Last Message

 

[nadodav]

NIFTY FUTURE For April 2,

Current position : SHORT (at 4844 on 31/03/2008)

Nifty Fut Closed at : 4772.95

Profit/Loss in current trade : +71.05 (as per last closing price)
Net Profit/Loss since thread started : +1645.05 (1574.00+71.05)

Support : 4725
Resistance : 4871

Hold SHORT positions with SL 4871. If trades above 4871, Exit SHORT & go LONG with SL 4725.

Happy Trading.

Vinod

 

[gunavadhi]

on April 1 nifty closed at 4732.na?

 

[nadodav]

on April 1 nifty closed at 4732.na?

on 31/03/08 --> 4732.30
on 01/04/08 --> 4772.95

regards

Vinod

 

[optionstrader]

Hi Vinod,

Once again i thank you for your ongoing support.
Keep up the good work.

Vinod, i needed you help.
Since you have taken a short position at :
Current position : SHORT (at 4844 on 31/03/2008)

and if i want to take a fresh position now, so can i take it, or shall i wait ?
and if possible, could you please also guide me as to how you determine or calculate the
Support and Resistance ?

Awaiting your quickest response,

Thanks & Regards,
Optionstrader

 

[nadodav]

NIFTY FUTURE For April 3,

Current position : LONG (at 4910 on 02/04/2008)

Nifty Fut Closed at : 4757.65

Profit/Loss in current trade : -152.35 (as per last closing price)
Net Profit/Loss since thread started : +1355.65 (1508.00-152.35)

Support : 4731
Resistance : 4877

Hold LONG positions with SL 4731. If trades below 4731, Exit LONG & go SHORT with SL 4877.

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For April 4,

Current position : LONG (at 4910 on 02/04/2008)

Nifty Fut Closed at : 4784.85

Profit/Loss in current trade : -125.15 (as per last closing price)
Net Profit/Loss since thread started : +1382.85 (1508.00-125.15)

Support : 4750
Resistance : 4845

Hold LONG positions with SL 4750. If trades below 4750, Exit LONG & go SHORT with SL 4845.

Happy Trading.

Vinod