Nifty MAGIC Levels For Today

[shoby]

NIFTY MAGIC LEVEL 11.5.10
MAGIC POINTS ARE 5136 and ...
Resistance & Support POINTS ARE 5264... AND 5169..


We have 5136 as the Magic number , so its buy and sell above and below 5136 with support and resistance at 5169 and 5264. If Magic number is not reached we have the Levels below to trade...


LVL 1)BUY NIFTY FUTURES ABOVE 5275.... S/L below 5255.. SELL BELOW 5253... S/L ABOVE 5273



LVL 2) Buy NIFTY FUTURES ABOVE 5147 .S/L below 5127.... Sell below 5125... S/L above 5145......



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


11th MAY Pivots
4976<-->5107<-->5136<-->5169<---->5200<---5264<--->5295

 

[shoby]

Good Morning...right now our support 5169 is holding ....but I think it will break...breaking it ,next is 5156 and then Magic point.Now by chart maximum down is 5125....lets see

Friends as I said earlier 3rd target for the day is 5125 so dont short by LVL2 at first instant....watch and be carefull there....Iam long at 5130 stoploss 5115

 

[san77s]

Sir,
Normally Pivot magic levels comes above Support level. In todays post YOU mention as magic as 5136 and Support at 5169. is it right?

Regards,
S.Saravanan

 

[shoby]

Sir,
Normally Pivot magic levels comes above Support level. In todays post YOU mention as magic as 5136 and Support at 5169. is it right?

Regards,
S.Saravanan

Yes Saravanan the system gave support above Magic for the day....rare days...but I have seen on such days nifty will be doing all unexpected things...any one would have thought nifty falling so much today???truly I did not...

 

[vinst]

now buy NF abv 5147
13:05 hrs

vin

 

[shoby]

now buy NF abv 5147
13:05 hrs

vin

Yes Vinst, by Trendline also its buy above 5147 but nifty visited Magic and hit low of 5126.15 and from there it was buy when it came above Magic at 5136 ,stoploss below 5126.

 

[shoby]

TRAI kicked nifty on the a... and on our profits.This time sell by LVL2 may prove good ??

 

[vinst]

5136 is a struggling level for NF

 

[shoby]

NIFTY MAGIC LEVEL 12.5.10

MAGIC POINTS ARE 5168 and 5098...
Resistance & Support POINTS ARE ... AND ..

For Wednesday we have two Magic Numbers only and its buy above and sell below each number.Also we derive levels to filter whipsaws from these numbers as given below.

LVL 1)BUY NIFTY FUTURES ABOVE 5179.... S/L below 5159.. SELL BELOW 5157... S/L ABOVE 5177



LVL 2) Buy NIFTY FUTURES ABOVE 5109 .S/L below 5089.... Sell below 5087... S/L above 5107......



12th MAY Pivots

5005<-->5036<-->5098<-->5168<---->5200<---5230<--->5291

 

[shoby]

Good Morning Friends,Nifty getting a fight at our Magic 5168 and high is 5167.20.I took a small risk...short at 5165 sl 5175..