Nifty MAGIC Levels For Today

[shoby]

NIFTY MAGIC LEVEL 9.4.10
MAGIC POINTS ARE 5342 and ..............
Resistance & Support POINTS ARE 5362..... AND 5300,5262.......


Its buy above 5342 and sell below 5342 with targets of 5362---- and 5262.... but for that nifty has to come to 5342... so we have the levels below to trade otherwise....


LVL 1)BUY NIFTY FUTURES ABOVE 5353 S/L below 5333. SELL BELOW 5331... S/L ABOVE 5351...



LVL 2) Buy NIFTY FUTURES ABOVE.5273 S/L below 5253
Sell below 5251... S/L above 5271.....

LVL 3)Buy above 5311 s/l 5291 and sell below 5289 s/l above 5309


9th APRIL Pivots
5231<......>5262 <--->5300 <--->5342 <--->5362<--->5393

 

[vinst]

NF stopped at 5351 (SL for sell below 5331)

 

[shoby]

NF stopped at 5351 (SL for sell below 5331)

Gm...Vinst that was a wrong trade sir.....when market opens and its racing in one direction, we have to wait for it to settle before we do opposite trade sir...or trade at Magic is ok...I short at 5342 s/l 5353 and will go long above it...Actually today our trade opens in buy above 5311 bu LVL 3 and we have to book at 5331 or till we r carried on the upside...and from that high if it had come back 5331 we could have shorted...I shorted at Magic,5342 just because it had come up from 5307 and we have buy by LVL 1 @ 5353 and so stop is just 11 points risk...To be safe I covered the short at 5337...

 

[vpvramesh]

Hi..Mr.Shoby..

What would you suggest now?

 

[praveen taneja]

praveen,

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

:lol::lol: Bro because others trade on there own and I trade with blessings of God:thumb:
Always pray to god before entering any trade that God pls I want to listen tension free bhajans pls give me a trade for my necessities so I can pray you uninterrupted
god always fulfill my wish now I am on 1100put of RIL with 1140 call cost 30.25 around cmp 33 around God is gr888888888

 

[shoby]

Hi..Mr.Shoby..

What would you suggest now?

Ramesh,I will be trading by level 1 only now....buy or sell as per that.

 

[vpvramesh]

Hi Mr.Praveen.

What is price you bought Call and Put?

 

[praveen taneja]

Ramesh,I will be trading by level 1 only now....buy or sell as per that.

sorry bro for disturbing but u buy exact at 5353 or leave some point for testing
mostly i use 10 point as yday my sl for all long was 5300 and i maintain that at 5289.95 on a closing basis and mkt obliged me by turning back from 5290.10:thumb:

 

[shoby]

sorry bro for disturbing but u buy exact at 5353 or leave some point for testing
mostly i use 10 point as yday my sl for all long was 5300 and i maintain that at 5289.95 on a closing basis and mkt obliged me by turning back from 5290.10:thumb:

Actually here its 11 points we r using...Magic is 5342 plus 11 is where its given buy....u r very right sir....

 

[nimish_rulz]

Very interesting post!