Hi CB , Thanks ... It is amazing to avail of a wonderful service all for free.. at this late hour ... Take good care ..Good Night

Hi Gitanjali, Sorry to hear about your uncle. Glad he is out of danger now :). Wishing him a speedy recovery.

You need not wait till expiry to close a trade. You may buy or sell as many times as you want till the expiry date and each will be treated as a different trade.

Each future of a different expiry date is treated as a different scrip and you can hold futures of different expiries even for the same product

Technically there is nothing as roll over. What you actually do is close a particular future trade and open a fresh future trade with a different expiry.

e.g.: You can buy a nifty june futures @ 5100 and without closing that trade you can short nifty july futures @ 5300.

hi cb...as we may open gap down 2mrw...
plz suggest sth for me for intraday in futures tomorrow atleast...plz...will be grateful 2 u...help me to get out of my losses..

Hi CB, Still working on my PWO indicator. Currently testing it on 30-min Nifty charts and results are near perfect. I'm myself amazed at the way Nifty follows it so closely with values of 5 for intraday trading and values of 15 or 30 for short term trades. Quite a few times I have managed to buy/sell at the exact peaks.

I still have to prepare a fool proof system for trading solely on this indicator even without seeing the price. This indicator has been designed with a range of -200 to +200 with -200 / 0 / +200 as support / resistance points and -100 and +100 as minor support / resistance (useful to place as trailing stop losses). Values above and below +200 and -200 indicate a strong uptrend / downtrend respectively and we may exit the trade the moment the PWO comes within its range or a divergence is seen in the PWO (most of the times at the peaks). The most amazing fact here I have noticed is that whenever there is an abrupt turn in the price, the PWO will be exactly at either one of -200 / 0 / +200 at the close of the bar where we may place the buy / sell order against the trend placing a stop loss just 5-10 points below / above the peak price of the bar and enjoy the trade till pwo reaches 0 or 200 or crosses 200 in the other diection.

Yesterday I managed to Short Nifty July futures at almost the peak @ 5377.5 at 12:30pm and covered it today @ 5331 at 12:00pm and again shorted it @ 5357 today @ 2:00p.m. and covered 50% @ 5324 today before close of session as Nifty today closed at a very crucial level (PWO-15 had crossed -200 at 3:00p.m. but it needed a close below 5317.75 to remain below -200 for continuation of the strong downtrend and finally the closing rate made it :) )

Hoping to make this system perfect and fool proof and useful to all very soon :) .

Hi SunilRao, Thanks a lot for your kind concern and a very good explanation ...

Hi CB,

Good Morning :)

just saw ur y'days reply Thanks a lot!!!

Hi suzane, its likely to see some more upmove today, hold it for some more time

Hi shipra, it would be better to wait till Europe opens up before going in for Future's, shall let you know during Market hours, hold ACC for some more time

Hi SunilRao, cool

Hi villy

Hi SunilRao,

Gm Gr8 n nice to hear ur explanation, r u developing that software?,