Nifty MAGIC Levels For Today

[shoby]

Hi!!! GM ...Nifty today not comming to any of our levels till now....can buy now around 5316....stoploss 5310 .....Time 10.40....
Nifty so close to stop....modified it to 5307....
Nifty now 5325 and stop now moved to 5318...
So that trade is over stoped at 5318....now? buy above 5330 or sell below 5310??????


Saw the power of Magic number today? At around 2.33PM nifty hit a low of 5288 , our Magic is 5287 ,and tried a recovery but heavy selling pulled back nifty from above 5300 to below 5287 and then it was down all the way to close at the lows of the day.....

 

[shoby]

NIFTY MAGIC LEVEL 31.3.10

MAGIC POINTS ARE 5308 and ..............
Resistance & Support POINTS ARE ...... AND 5240.......

Its buy above 5308 and sell below 5308 with targets of ----- and 5240 but for that nifty has to come to 5308 so we have the levels to trade otherwise....
There is no upper target in the system so I think that means 5308 is high resistance area....

LVL 1)BUY NIFTY FUTURES ABOVE 5319 S/L below 5299.. SELL BELOW 5297... S/L ABOVE 5317...


LVL 2) Buy NIFTY FUTURES ABOVE.5251 S/L below 5231
Sell below 5229... S/L above 5249.....

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

31st March Pivots
5219<--->5240 <--->5287 <--->5308 <--->5339<---->5370

 

[shoby]

:thumb:Level 1 gives 20 points.....what an entry the level gave.....call is sell below 5297 and the high is 5296.10....:thumb:
Now long by level 2,buy above 5251....Booked full at 5292....
Nifty again near our buy by level 2 ....so took long at 5255 with sl below 5245....wend up to 5272 and then hit TSL at 5260 ...so game over for the day....total 60 points

 

[scplindia]

pulled back as of now from 5240 levels your pivot point, 11.30 AM, what do you suggest, will there be more selling pressure

 

[vinst]

above 5231 NF is in buy mode, as I understand.
shoby: please comment

vin

 

[shoby]

pulled back as of now from 5240 levels your pivot point, 11.30 AM, what do you suggest, will there be more selling pressure

Hmmm I am long with stop at below days low now...Actually it was buy above 5251 by level 2 also pivots are just to guide where to book trades done with the levels only....if we had gone long at 5252 we can book around pivot 5287 as we have sell at 5296 by level 1.

 

[shoby]

above 5231 NF is in buy mode, as I understand.
shoby: please comment

vin

Vinst,it will be sell again below 5229 by level 2 and buy above 5251 .....

See after market opens we have to wait till nifty hits the Magic number..... if Magic is not near by, watch for nifty to hit any of the Levels....todays case nifty hit high of 5296.10 when our level 1 gave sell below 5297 ....so we r short there ...actually nifty falls to our buy by level 2 (buy above 5251) and it was booked at 5292...why 5292 is because we have sell at 5296 by level 1 also a Higher high at 5297 so conflicting area so to be safe booked at 40 points profit....trade these levels with the chart....if both are giving same call we can go for it....today nifty hit a low at 5245 and then went to 5262 and again fell to 5250 making a higher low and also we have buy by level 2 at 5252 so we need not worry much go ahead and go long with a stop of 3 points below the days low ....so if we r long at 5252 it is a 10 point stoploss....not that every time it works but success ratio is good in such trades...

 

[praveen taneja]

Vinst,it will be sell again below 4229 by level 2 and buy above 5251 .....
See after market opens we have to wait till nifty hits the Magic number..... if not Magic is not near by watch for nifty to hit any of the Levels....todays case nifty hit high of 5296.10 when our level 1 gave sell below 5297 ....so we r short there ...actually nifty falls to our buy by level 2 (buy above 5251) and it was booked at 5292...why 5292 is because we have sell at 5296 by level 1 also a Higher high at 5297 so conflicting area so to be safe booked at 40 points profit....trade these levels with the chart....if both are giving same call we can go for it....today nifty hit a low at 5245 and then went to 5262 and again fell to 5250 making a higher low and also we have buy by level 2 at 5252 so we need not worry much go ahead and go long with a stop of 3 points below the days low ....so if we r long at 5252 it is a 10 point stoploss....not that every time it works but success ratio is good in such trades...

:rofl::rofl::rofl:
So many Typo:lol:
Shares purchased today can't be sold tomorrow as settlement date is same. Pls check with your brokers

 

[shoby]

Shares purchased today can't be sold tomorrow as settlement date is same. Pls check with your brokers

Yes sir its all the emotions playing when one is trading....I had positions and my typing and sight is all not normal...only when I can overcome this I can trade and make good profits....:annoyed:

 

[shoby]

NIFTY MAGIC LEVEL 1.4.10

MAGIC POINTS ARE 5287 and ..............
Resistance & Support POINTS ARE .5302..... AND 5236.......

Its buy above 5287 and sell below 5287 with targets of 5302---- and 5236 but for that nifty has to come to 5287..... so we have the levels below to trade otherwise....

LVL 1)BUY NIFTY FUTURES ABOVE 5298 S/L below 5278.. SELL BELOW 5276... S/L ABOVE 5296...

LVL 2) Buy NIFTY FUTURES ABOVE.5247 S/L below 5227
Sell below 5225... S/L above 5245.....

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

1st APRIL Pivots
5209<--->5240 <--->5287 <--->5302 <--->5333<--->5364