Nifty MAGIC Levels For Today

[vpvramesh]

Hi ..Mr. Shoby.

Now nifty near magic point shall we take log from here?

 

[shoby]

Hi ..Mr. Shoby.

Now nifty near magic point shall we take log from here?

Yes its safe to go long here as stoploss is near, at below days low and then reverse trade ...i have 5345 as s/l...
Think its just bent on taking the stops...
stoppeddddd but will buy again above 5358..

 

[scplindia]

SL triggered can we short now

 

[shoby]

SL triggered can we short now

I think its better to wait as market seems holding around 5345...
I have buy order at 58

 

[scplindia]

Europe is close to a percent down and yesterday they were down by another 1/2 percent. I would be very careful in going long today. At the same time the way FII are buying into Indian market, confusing, do not have the guts to short nifty.

 

[shoby]

Rule is never trade when confused....easy to say...I will be buying above magic if it goes above 5348 with sl 20 points....me too ....no guts to short at this stage...
There is a buy by LVL 3, buy above 5321, to keep a watch on now....But BIGGGG volume sell off today so must be very very carefull.
Taken long at 5321 by LVL3 s/l 5301 ....if this stops it will be last trade of the day....
Today its Greece hitting us on the head....

 

[shoby]

Asian Market is not giving support for up move, is long justified under this circumstances

Dear friend, Only now I understand the full meaning of your warning you gave in the morning itself .:clapping:....and I was talking of big KISS ...heheheeeee

 

[scplindia]

The global cues since morning was clearly shouting down trend, but did not have the guts to short nifty, had a short on RIl, got out just now.

 

[praveen taneja]

In case of confuse mind trade with hedge position as I am always confuse so I always buy call put of RIL

 

[vinst]

In case of confuse mind trade with hedge position as I am always confuse so I always buy call put of RIL

praveen,

every one can't have so accurate 'tukka' (all the time!!) as you do