NIFTY Futures Mechanical Trading

[nadodav]

NIFTY FUTURE For April 25,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5003.30

Profit/Loss in current trade : -57.70 (as per last closing price)
Net Profit/Loss since thread started : +1139.30 (1197.00-57.70)

Support : 4980
Resistance : 5052

Hold LONG position with SL 4980. If trades below 4980, exit LONG & go SHORT with SL 5052

Happy Trading.

Vinod

 

[gkpc]

NIFTY FUTURE For April 25,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5003.30

Profit/Loss in current trade : -57.70 (as per last closing price)
Net Profit/Loss since thread started : +1139.30 (1197.00-57.70)

Support : 4980
Resistance : 5052

Hold LONG position with SL 4980. If trades below 4980, exit LONG & go SHORT with SL 5052

Happy Trading.

Vinod

Sir, was the SL not hit for Long!!!??? We closed above the SL , does it mean that we reenterd our Long at close???? We had to give some leve of SL, and even if I gave Rs.2/- as filter, my SL would be 4993, say 4992.80, even this level was triggerred.
Nifty April futures did trade atleast thrice below our SL level between 2.30 and 2.45 ?? How do we handle this situation. Todays low was ~ 4991.
If we continue the long , then we have had to roll over from April to May.
Do take out time to give your input.

 

[vvvv]

fail to understand how the figures for buyin or sellin is arrived at.this trading is done for an intra-day basis or for position trading??
if it is used for position trading then theres a flaw in the system..i find it very amusing tht this system is being traded with only the levels & stop losses.
wht abt the trend..is it being monitored by this system,if u go against the trend u will get stopped out.if it is a volatility based system then it shud be working now????

 

[Smart_trade]

Friends, Any indicator, method or Expert for taking out just 20 Nifty points on Daily basis!!!!
Any guidance or direction to achieve this goal are appreciated.
Regards.
Gautam

Daytrading is a science and arts both combined.Taking out 20 nifty points every day may be difficult but 100 points in a week is possible if you trade with the trend.I see the upswing/downswing in 30 min nifty futures graph and if in uptrend ( like we are in last 3-4 days ) then I buy the dips and sell the rallies after holding for 1-3 days.I suggest you try visiting www.niftysignals.com. This site has some very useful ideas.
Best wishes.

 

[nadodav]

NIFTY FUTURE For April 28,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5125.75

Profit/Loss in current trade : +64.75 (as per last closing price)
Net Profit/Loss since thread started : +1261.75 (1197.00+64.75)

Support : 5047
Resistance : 5142

Hold LONG position with SL 5047. If trades below 5047, exit LONG & go SHORT with SL 5142

Happy Trading.

Vinod

 

[nadodav]

Sir, was the SL not hit for Long!!!??? We closed above the SL , does it mean that we reenterd our Long at close???? We had to give some leve of SL, and even if I gave Rs.2/- as filter, my SL would be 4993, say 4992.80, even this level was triggerred.
Nifty April futures did trade atleast thrice below our SL level between 2.30 and 2.45 ?? How do we handle this situation. Todays low was ~ 4991.
If we continue the long , then we have had to roll over from April to May.
Do take out time to give your input.

Hi,

As i have mentioned in my first message, we have to wait 2-3 minitues before changing our position. markets need to trade below support or above resistance for atleast 2-3 minutes or you can place SL order 5-10 points below/above support/resistance to change the position. on that day, Nifty April traded below thrice our SL but was bounced back so it was not valid. The better ways is - watch time ( 2 minutes atleast) as well as point (5-10 points) simultaneously & change position which ever occur first.

Vinod

 

[nadodav]

NIFTY FUTURE For April 29,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5105.65

Profit/Loss in current trade : +44.65 (as per last closing price)
Net Profit/Loss since thread started : +1241.65 (1197.00+44.65)

Support : 5057
Resistance : 5126

Hold LONG position with SL 5057. If trades below 5057, exit LONG & go SHORT with SL 5126

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For April 30,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5218.45

Profit/Loss in current trade : +157.45 (as per last closing price)
Net Profit/Loss since thread started : +1354.45 (1197.00+157.45)

Support : 5133
Resistance : 5235

Hold LONG position with SL 5133. If trades below 5133, exit LONG & go SHORT with SL 5235

Happy Trading.

Vinod

 

[nadodav]

NIFTY FUTURE For May 2,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5188.80

Profit/Loss in current trade : +127.80 (as per last closing price)
Net Profit/Loss since thread started : +1324.80 (1197.00+127.80)

Support : 5143
Resistance : 5214

Hold LONG position with SL 5143. If trades below 5143, exit LONG & go SHORT with SL 5214

Happy Trading.

Vinod

 

[milkyblack]

NIFTY FUTURE For May 2,

Current position : LONG (at 5061 on 23/04/2008)

Nifty Fut Closed at : 5188.80

Profit/Loss in current trade : +127.80 (as per last closing price)
Net Profit/Loss since thread started : +1324.80 (1197.00+127.80)

Support : 5143
Resistance : 5214

Hold LONG position with SL 5143. If trades below 5143, exit LONG & go SHORT with SL 5214

Happy Trading.

Vinod

Good to see Mr. Vinod... tht ur system is again generating profit....

Wish u all the best.... and thanks a lot for providing consistently ur support and resistance level for NF.... i am sure many would have benefitted for it



Regards