Nifty MAGIC Levels For Today

[shoby]

Friend in "response" I did not mean praises and glory for an experiment in trading but a simple How,When Or Why questions only was all I was expecting...

 

[praveen taneja]

I was fearing for my ignorance or had asked so many question that instead of seeing me only you would sign out

 

[shoby]

:lol: No,No, Nothing like that friend.

I was fearing for my ignorance or had asked so many question that instead of seeing me only you would sign out

 

[pundit]

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.

Hi Shoby,
I think many of us following your levels although I m not in to real trade now a days but following SH strategy and your levels very closely. 20-25 points per day are more than enough , if u get for 20 points for 15 days then its 300 points in a month and with one lot of nifty it will be Rs15000 (so what else is needed)....
SLOW AND STEADY WINS THE RACE..

plz keep doing gud work

 

[shoby]

NIFTY MAGIC LEVEL 19.4.10
MAGIC POINTS ARE 5287 and ..............
Resistance & Support POINTS ARE .5331... AND ..5239.....


LVL 1)BUY NIFTY FUTURES ABOVE 5342 S/L below 5322. SELL BELOW 5320... S/L ABOVE 5340...

LVL 2) Buy NIFTY FUTURES ABOVE 5298 S/L below 5278
Sell below 5276 S/L above 5296..

LVL 3) BUY above 5250--S/L below .5230........
SELL below 5228... S/L above 5248--

19th APRIL Pivots
5200<-->5239<-->5269<-->5287<-->5331<-->5362

 

[vpvramesh]

Dear Shoby..

I'm following your levels only ..please keep doing your good work.

 

[shoby]

NIFTY MAGIC LEVEL 20.4.10

MAGIC POINTS ARE 5239 and ..............
Resistance & Support POINTS ARE 5300... AND 5176.....

LVL 1)BUY NIFTY FUTURES ABOVE 5250 S/L below 5230. SELL BELOW 5228... S/L ABOVE 5248...


LVL 2) Buy NIFTY FUTURES ABOVE 5187 S/L below 5167
Sell below 5165 S/L above 5185..


LVL 3) BUY above 5311--S/L below .5291........
SELL below 5289... S/L above 5309--

20th APRIL Pivots
5145<-->5176<-->5207<-->5239<-->5270<-->5300

 

[scplindia]

this is great job, I donot know how to calculate the magic levels, but follow your levels very closely. your magic point have really been trend deciders.

Thanks keep up the good work.

 

[vinst]

shoby,
trying to use magic levels for the first time. taken short at 5228, SL 5248

vin

 

[shoby]

shoby,
trying to use magic levels for the first time. taken short at 5228, SL 5248

vin

Yes, you took a chance as we were waiting for the RBI news then....I bought above Magic at 5240 with 5260 as target but still waiting for the target.....