Nifty MAGIC Levels For Today

[scplindia]

you risk has paid

 

[pundit]

Dear Shobby I think you achieved today's target of point 20.

 

[shoby]

Dear Shobby I think you achieved today's target of point 20.

Yes I booked at 5135 and pocketed a 30 pointer...

 

[shoby]

you risk has paid

See there at 5165 the risk/reward is very favourable as the stop is just 10 points and also we can reverse trade also there to take out that loss...

 

[shoby]

I think we can short at days low sl 5142...
I booked at 5093 ...
Again long by lvl1 at 5113 booked at 5153...
Now will go long above days high and LVL 1

 

[shoby]

NIFTY MAGIC LEVEL 13.5.10


MAGIC POINTS ARE 5193 and 5107...
Resistance & Support POINTS ARE ... AND ..


For 13th 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 5204.... S/L below 5184.. SELL BELOW 5182... S/L ABOVE 5202


LVL 2) Buy NIFTY FUTURES ABOVE 5118 .S/L below 5098.... Sell below 5096... S/L above 5116......



13th MAY Pivots

5055<-->5086<-->5107<- 5148->5193<---->5224<---5255

 

[shoby]

Good Morning Friends....Nifty again at MAGIC...I will buy above Magic...S/L is 5182....stopped, not lucky this time...just took our stop ,,
Going long again above Magic...

 

[scplindia]

SL triggered

 

[suhas.bhayekar]

Hello sir,
thank you for useful post

 

[shoby]

Good Morning Friends....Nifty again at MAGIC...I will buy above Magic...S/L is 5182....stopped, not lucky this time...just took our stop ,,
Going long again above Magic...

This time buy above Magic was easy as it came above Trendline also there...stopped at 5205 breaking TL.... got only 11 points profit because i waited for 5223 to make a 30 point profit but high was only 5218....