Nifty MAGIC Levels For Today

[vinst]

short hit Sl, now took long with SL 5230

vin

 

[vinst]

5260 long booked. otherwise would have been 2nd SL hit.

 

[shoby]

After first stop is hit we need to b very carefull...take out profits at the earliest when u sense danger..here how many times nifty tested 5255 , we need to be with the markets ,sell there and have buy order above the big resistance....i sold my position at 5254 and had buy order at 5259.
Today was a day to trade by Magic and not by levels....Buy above and sell below 5239...

 

[shoby]

NIFTY MAGIC LEVEL 21.4.10
MAGIC POINTS ARE 5250 and ..............
Resistance & Support POINTS ARE 5286... AND 5203.....

LVL 1)BUY NIFTY FUTURES ABOVE 5261 S/L below 5241. SELL BELOW 5239... S/L ABOVE 5259...


LVL 2) Buy NIFTY FUTURES ABOVE 5214 S/L below 5194
Sell below 5192 S/L above 5212..

LVL 3) BUY above 5297--S/L below .5277........
SELL below 5275... S/L above 5295--


21st APRIL Pivots

5172<-->5203<-->5224<-->5250<-->5286<-->5317

 

[shoby]

NIFTY MAGIC LEVEL 22.4.10
MAGIC POINTS ARE 5228 and 5263...
Resistance & Support POINTS ARE ... AND .....


For 22nd we have the rare 2 Magic Points day....its buy above and sell below the Magic....There are no other levels to trade .

 

[vinst]

NF hovering just below magic 5228

 

[vinst]

went long, keeping 20 pts SL.

 

[shoby]

GM Friends....when nifty opens near Magic its such a confusion as it can go either way and we have to take a risk going into trade....I am trying out an experiment taking fibo from previous days closing and the opening 5min candle and daily Iam posting in my blog....looks promising but not yet perfected....once perfected I will post here also...today according to it nifty will be a buy only above 5235...please remember its just a new study and so please dont trade on that now.(For today I have taken yesterdays close in the chart and closing of opening 5min candle....if not able to take out 5235 first target is 5210...).If any one can share any thing more on this study please post it for everybodys benifit...

 

[sub2501]

shall we book profit @ 5275 or keep sl @ 5263.


sl trig @ 5293

 

[shoby]

NIFTY MAGIC LEVEL 23.4.10
MAGIC POINTS ARE 5328 and ...
Support POINTS ARE 5287... AND 5225.....



LVL 1)BUY NIFTY FUTURES ABOVE 5339.... S/L below 5319.. SELL BELOW 5317... S/L ABOVE 5337...



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


LVL 3) BUY above 5236--S/L below 5216.....
SELL below 5214... S/L above 5234


23rd APRIL Pivots
5172<-->5203<-->5225<-->5287<-->5328<-->5359