NIFTY Futures Mechanical Trading

[nadodav]

NIFTY FUTURE For July 16,

Current position : SHORT (at 4072 on 11/07/2008)

Nifty Fut Closed at : 3828.90

Profit/Loss in current trade : +243.10 (as per last closing price)
Net Profit/Loss since thread started : +1792.10 (1549.00+243.10)

Support : 3819
Resistance : 3975

Hold SHORT position with SL 3975. If trades above 3975, exit SHORT & go LONG with SL 3819.

Happy Trading & once again, thank you very much all.

Vinod

 

[rkkarnani]

NIFTY FUTURE For July 16,

Current position : SHORT (at 4072 on 11/07/2008)

Nifty Fut Closed at : 3828.90

Profit/Loss in current trade : +243.10 (as per last closing price)
Net Profit/Loss since thread started : +1792.10 (1549.00+243.10)

Support : 3819
Resistance : 3975

Hold SHORT position with SL 3975. If trades above 3975, exit SHORT & go LONG with SL 3819.

Happy Trading & once again, thank you very much all.

Vinod

Hi Vinod, visited your thread after a long gap!!! Wow!!! you are doing great. Good going friend.
Regards
R K Karnani

 

[nadodav]

NIFTY FUTURE For July 17,

Current position : SHORT (at 4072 on 11/07/2008)

Nifty Fut Closed at : 3803.35

Profit/Loss in current trade : +268.65 (as per last closing price)
Net Profit/Loss since thread started : +1817.65 (1549.00+268.65)

Support : 3796
Resistance : 3909

Hold SHORT position with SL 3909. If trades above 3909, exit SHORT & go LONG with SL 3796.

Happy Trading.

Vinod

 

[pravinaca]

Hi Vinodji

Are we long now?

Pravin

 

[nadodav]

Changed Position @ 3918

 

[udaykali]

dear sir

now support

 

[SamFisher]

dear sir

now support

Check the bold and red text below

NIFTY FUTURE For July 17,

Current position : SHORT (at 4072 on 11/07/2008)

Nifty Fut Closed at : 3803.35


Profit/Loss in current trade : +268.65 (as per last closing price)
Net Profit/Loss since thread started : +1817.65 (1549.00+268.65)

Support : 3796
Resistance : 3909

Hold SHORT position with SL 3909. If trades above 3909, exit SHORT & go LONG with SL 3796.

Happy Trading.

Vinod

 

[lalpar]

I eel 3918 is acting as a strong resistance..With Trend being downward Nifty may fall..

 

[lalpar]

covered short at 3907

 

[nadodav]

NIFTY FUTURE For July 18,

Current position : LONG (at 3918 on 11/07/2008)

Nifty Fut Closed at : 3925.65

Profit/Loss in current trade : +07.65 (as per last closing price)
Net Profit/Loss since thread started : +1710.65 (1703.00+07.65)

Support : 3838
Resistance : 3962

Hold LONG position with SL 3838. If trades below 3838, exit LONG & go SHORT with SL 3962.

Happy Trading.

Vinod