NIFTY Futures Mechanical Trading

[maveric1]

Hi Vinod Ji,
I have watching ur nifty levels and was quite amazed with that.Thanks for ur analysis..

Great going

 

[nadodav]

NIFTY FUTURE For August 1,

Current position : LONG (at 4315 on 30/07/2008)

Nifty Fut Closed at : 4335.10

Profit/Loss in current trade : +20.10 (as per last closing price)
Net Profit/Loss since thread started : +2157.10 (2137.00+20.10)

Support : 4274
Resistance : 4344

Hold LONG position with SL 4274. If trades below 4274, exit LONG & go SHORT with SL 4344.

Happy Trading.

Vinod

 

[debdeeps]

as you give the resistance level also, will be ok if i short the nifty litttle abve resistance ur fig say 10-15pts and cover below 10-15 pts of your resitance level

Just the reverse, short below resistance and if NF breaks resistance coverup your shorts (SL hit) and go long. This can also be done for support level too. You can go long above the support and if support breaks then go short. Hope this helps. [Learned from Vinod actually ]

 

[pravinaca]

Hi Vinodji,

do we have to go short?

Thanks
Pravin

 

[aabhi06]

i think we are short near 4268

 

[lalpar]

No..Still long..Nifty was beloe 4274 for a short time..

 

[pravinaca]

I have still not taken short position as i trade only after 5 mins market opens.

And after that it has not hit the stoploss.

 

[lalpar]

Buyers are 3 times more than Sellers..Bulls are under control for time being may be FII's are waiting for the Shortimg on higher side...

But I will go with charts no emotions..

 

[nadodav]

We are still long. not changed position yet.

Vinod

 

[praveen taneja]

We are still long. not changed position yet.

Vinod

THNX VINODJI I M TOO FOLLOWING U PLS INFORM TO ALL AS SOON AS U CHNGE UR POSITION FROM LONG TO SHORT