nifty calls

M

MAGNET MAN

Member
#61
#61
Magnet Calls For Wednesday

magnet calls for wednesday
as expected nifty has started its journey towards our est tgt of 4370
but it felt res at 4363 whichis too bad sign for medium term.
was this a trend reversal bar
now 2 maro u have to book all ur profit and should short ur nifty

but question arises where
and answer is at any level u want
now if nifty able to breach4363 2 maro then short ur nifty near about 4370-4380
and if dosen't then short it on any dam rate for the tgt of 4275

now we have nearly achieved our est tgt of 4370. so now our st tgt becomes our est tgt which is 4275. where as st tgt is 4350(if we breach 4363 max. by 2 maro)
where as mt tgt remains same 4445

est tgt4275
st tgt 4350
mt tgt4445

warm regards
magnet man

NOTE: ALL THE GIVEN TARGET ABOVE, ARE BASED ON MY OWN RESEARCH, AND ALL INDICATES THE NIFTY SPOT
LEVEL (NOT NIFTY FUTURE).
EST STANDS FOR EXTREME SHORT TERM AND THESE TARGETS LIKELY TO BE ACHIVED IN 1 TO 5 DAYS.
ST STANDS FOR SHORT TERM AND THESE TARGETS ARE LIKELY TO BE ACHIEVED IN MAXIMUM1 OR 2 WEEKS.
MT STANDS FOR MEDIUM TERM AND THESE TARGETS SHOULD BE ACHIEVED IN 1 MONTH TIME PERIOD.
ALL THE TARGETS GIVEN ABOVE COULD BE REVISED AND CHANGED ACCORDINDING TO MARKET CONDITION
SO BETTER ALWAYS GO FOR EST AND ST TARGETS.
 
Last edited:
J

JAGGYONLINE

New Member
#63
#63
Hi Magnet,

Could You Please Clarify The Basis For Arriving At A Nifty Spot Target. Also In General Terms Based On The Wave1 Absolute Value How The Target For Wave 3 And Wave 5 Are Arrived. Also The Mathematical Formula For Arriving Target For Elliot Wave.
 
M

MAGNET MAN

Member
#65
#65
Magnet Calls For Thursday

yester day i suggested that short nifty at 4380 today's high was 4386
and low was 4342.

i was expecting that at the level of 4380 there will be profit
booking.

but but but

this was not a profit booking this was again a partial profit booking
that proves that mkt. has the strenth to rally further. so i strongly feel that now,
profit wud be booked at 4400.

so who have shorted nifty 2 day and covered it 2 day they can buy nifty 2 maro on any
decline for the tgt of 4400.
and those who have not covered they can cover for once 2 maro.
because before profit booking mkt. will rally towards 4400.

conclusion:
now my est tgt is 4400 and st tgt is 4280 and mt tgt remains same
4440

those who dosen't want to take risk be on short side tgt is 4280.

warm regards
magnet man


NOTE: ALL THE GIVEN TARGET ABOVE, ARE BASED ON MY OWN RESEARCH, AND ALL INDICATES THE NIFTY SPOT
LEVEL (NOT NIFTY FUTURE).
EST STANDS FOR EXTREME SHORT TERM AND THESE TARGETS LIKELY TO BE ACHIVED IN 1 TO 5 DAYS.
ST STANDS FOR SHORT TERM AND THESE TARGETS ARE LIKELY TO BE ACHIEVED IN MAXIMUM1 OR 2 WEEKS.
MT STANDS FOR MEDIUM TERM AND THESE TARGETS SHOULD BE ACHIEVED IN 1 MONTH TIME PERIOD.
ALL THE TARGETS GIVEN ABOVE COULD BE REVISED AND CHANGED ACCORDINDING TO MARKET CONDITION
SO BETTER ALWAYS GO FOR EST AND ST TARGETS
 
M

MAGNET MAN

Member
#66
#66
startergy for 2 maro

condition 1

if 2maro nifty future trade below 4364(future) then it will trade range bounded
support on lower side is at 4341 so buy near that for the tgt of 4400. and please book profit there in any case

condition 2

and if trades above 4364 then buy at any rate for the tgt of 4400.

warm regards
magnet man
 
M

MAGNET MAN

Member
#67
#67
JAGGYONLINE said:
Hi Magnet,

Could You Please Clarify The Basis For Arriving At A Nifty Spot Target. Also In General Terms Based On The Wave1 Absolute Value How The Target For Wave 3 And Wave 5 Are Arrived. Also The Mathematical Formula For Arriving Target For Elliot Wave.
Click to expand...

jaggy

i think that there is no formula in this mkt.

right now we r in the third wave (channel start 4135)
so if we see lenth of first wave and assume that first wave is equal to third wave then
profit booking would have been started on 4360

if we calculate according to daily averege method (where we calculate
daily moving average, and let me clear that it is very very amazing method)
then profit booking of third wave wud have been started from 4339.95

if we go for fibanocci then profit booking wud have been started at 4355

so the concluson is u cant set a particular formula for this mkt.
u have to understand the volumes in the market.
one has to know how to diffrentiate between buying volume and profit booking volumes
there r lot lot lot of aspects of volume which we have to understand.

i can't discuss all the aspect here because its too long process.

so try to understand volumes
and use elliot theory for long term tgt.

my veiw is this, i don't know how good or bad
but i trade acoording that
and with the god grace i do winning trade @ 90% .


warm regards
magnet man
 
A

amitt29

Member
#68
#68
Re: magnet calls for monday

MAGNET MAN said:
agg-jac-tly

the tgt was 4320 and high was 4321,tgt achieved.
now what?

till thursday every thing was perfect

charts were saying :market is bullish
volumes were saying :market is bullish
japenese candle :market is bullish
dow theory :market is bullish
price theory :market is bullish


but but but
on friday night mother of all theory came to my house and said
market can crash any time now, her name was elliot theory.

she said nifty hasn,t corrected fully yet.
and i will correct her in few day.

con- clu -son
on friday volumes and charts were suggesting that mkt could correct.
now what are tgt?

if goes for correction then mt tgt could be in between 4040-4100(depends fromwhere it start correcting)
now if any day market goes below 4290 that could becomes first indication.
for being now who long from 4255 can wait for my st tgt of 4350 (put sl of 4289of ur all longs)
fresh buying is not allowed.
below 4290 one can short nifty with tgt of 4255.
before mkt correct, it may put trend reversal bar on charts
so have a eye on that.

est tgt 4350-4363 (if doesn't breach 4290,and should be achieved in max 2 days)
st tgt depends
mt tgt depends

warm regards
magnet man



NOTE: ALL THE GIVEN TARGET ABOVE, ARE BASED ON MY OWN RESEARCH, AND ALL INDICATES THE NIFTY SPOT
LEVEL (NOT NIFTY FUTURE).
EST STANDS FOR EXTREME SHORT TERM AND THESE TARGETS LIKELY TO BE ACHIVED IN 1 TO 5 DAYS.
ST STANDS FOR SHORT TERM AND THESE TARGETS ARE LIKELY TO BE ACHIEVED IN MAXIMUM1 OR 2 WEEKS.
MT STANDS FOR MEDIUM TERM AND THESE TARGETS SHOULD BE ACHIEVED IN 1 MONTH TIME PERIOD.
ALL THE TARGETS GIVEN ABOVE COULD BE REVISED AND CHANGED ACCORDINDING TO MARKET CONDITION
SO BETTER ALWAYS GO FOR EST AND ST TARGETS.
Click to expand...
Where is the crash?
 
M

MAGNET MAN

Member
#69
#69
market is in profit booking mode
so those have shorted at4380 be short and cover ur nifty at 4300(spot) and buy at 4300(spot) for the tgt of 4415 (will be achieved in 1 week)

and those who have buyed nifty on my recom. of yester day they can book loss and re- enter at 4300 for the tgt of 4415
those who dosen't want to book loss can wait.4415 will be achieved in 1 week

warm regards
magnet man
 
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