Nifty MAGIC Levels For Today

[shoby]

NIFTY MAGIC LEVEL 12.4.10
MAGIC POINTS ARE 5324 and ..............
Resistance & Support POINTS ARE 5373,5406..... AND .......



Its buy above 5324 for targets 5373,5406 and sell below 5324 with targets of ---- .... but for that nifty has to come to 5324... so we have the levels below to trade otherwise....


LVL 1)BUY NIFTY FUTURES ABOVE 5335 S/L below 5315. SELL BELOW 5313... S/L ABOVE 5333...
LVL 2) Buy NIFTY FUTURES ABOVE.5384 S/L below 5364
Sell below 5362... S/L above 5382.....
LVL 3) Buy above 5416 s/l 5396 and sell below 5406 s/l 5416


12th APRIL Pivots
5280<-->5311<-->5324<-->5373<-->5406<-->5437

 

[shoby]

GM Friends....Levels gave 20 points... 5362 short booked at 5342 ...now will buy by LVL 1...
Buy order moved up to 5341...that was needless as nifty hits 5335...5324 is Magic...bought more at magic ...stoploss is below 5314
booked the position bought at 5324 at 5349...will sell the position bought at 5341 at 5361 by level 2....so thats also booked...
Seeeeee the 20 point nifty gave from sell at 5362 by LVL 2....but I did not have the guts to short there ....
Again its back to MAGIC.....not jumping into any trade now....will wait for support from charts around the levels for next trade....
Or buy at Magic with small stops? any ideas, friends, at this stage? Yes again Nifty came to just above Magic to hit 5349 at closing....
In total these levels gave perfect 4 trades....1)opening short at 5362 by LVL 2and it came to Magic 5324
2) Long at Magic to hit 5365 again
3)short below 5362 again by LVL 2 and it came down to 5326
4) Long bove Magic and nifty closed at 5349
See the beauty of the levels today....in the 4 trades one could have skimmed the maximum profits possible and thats the reason its called Magic Levels....(only some days it will go on leave without notice and we will be left with stoplosses only...heheheeeeee)

 

[shoby]

NIFTY MAGIC LEVEL 13.4.10
MAGIC POINTS ARE 5371 and ..5316............
Resistance & Support POINTS ARE .... AND .......


For tomorrow we have just two Magic points and its buy above and sell below each Magic.


LVL 1)BUY NIFTY FUTURES ABOVE 5381 S/L below 5361. SELL BELOW 5360... S/L ABOVE 5380...



LVL 2) Buy NIFTY FUTURES ABOVE.5327 S/L below 5307
Sell below 5305... S/L above 5325.....




LVL 3) BUY above --S/L below .........
SELL below .... S/L above ---


13th APRIL Pivots
5254<-->5285<-->5316<-->5371<-->5402<-->5433

 

[shoby]

GM friends....I am long at Magic.5316 with stoploss at 5304...
11.12....Boooked half at 5336...balance booked at closing at 5330

 

[vpvramesh]

: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

Hi..Mr. Praveen.

Pls clarify me.. RIL means RELIANCE INDUSTRIES or RELIANCE INFRA.

Tnx in advace

 

[vinst]

shoby,

request levels for 15th?

regards,
vin

 

[pundit]

Dear Shoby,
What happened no magic levels for 15th .....16th, Many of us are waiting..
Hope to hear from u soon.........

 

[shoby]

Dear Shoby,
What happened no magic levels for 15th .....16th, Many of us are waiting..
Hope to hear from u soon.........

Dear Pundit,
THANKS AND I am happy atleast you and Vinst did show interest in the levels. I got a feeling I am wasting my time putting the levels here as the response was poor and I understood other traders are not doing as bad as me and are not interested in 25-30 point profit trades.And for now,those interested, its there in my blog updated most days.

 

[praveen taneja]

Hi..Mr. Praveen.

Pls clarify me.. RIL means RELIANCE INDUSTRIES or RELIANCE INFRA.

Tnx in advace

Bro leave Mr. fo others for me bro or praveen is ok
I was talking about Reliance industries:thumb:

 

[praveen taneja]

Dear Pundit,
THANKS AND I am happy atleast you and Vinst did show interest in the levels. I got a feeling I am wasting my time putting the levels here as the response was poor and I understood other traders are not doing as bad as me and are not interested in 25-30 point profit trades.And for now,those interested, its there in my blog updated most days.

Bro I appreciate ur hard work but anything done with an intension for ANY sake goes fruitless sorry to say
Karam Kiye ja phal ki itchha mat kar ai insaan:thumb:
God bless us all