Nifty MAGIC Levels For Today

[shoby]

NIFTY MAGIC LEVEL 6.4.10


MAGIC POINTS ARE 5341 and ..............
Resistance & Support POINTS ARE .5390..... AND 5280.......

Its buy above 5341 and sell below 5341 with targets of 5390---- and 5280.... but for that nifty has to come to 5341... so we have the levels below to trade otherwise....

LVL 1)BUY NIFTY FUTURES ABOVE 5352 S/L below 5332.. SELL BELOW 5330... S/L ABOVE 5350...

LVL 2) Buy NIFTY FUTURES ABOVE.5401 S/L below 5381
Sell below 5379... S/L above 5399.....

LVL 3) BUY above 5291..;--S/L below 5271.........
SELL below 5269. S/L above 5289---

6th APRIL Pivots

5249 <--->5280 <--->5341 <--->5390<--->5421

 

[shoby]

GM...Nifty gave us good entry by LVL 2 ....short below 5379....booked at 5354 which was short at 5378 for 24 points profit as we have a buy by LVL 1....buy above 5352...so ready for next trade
Bought at 5353.....but breaking days low is dangerous so have small stop @ 5347 ....lets see where markets will take us...market did all right things....only we dont....nifty came to 5376 and I did not book...now cursing myself as nifty came back to 5360.....
OOOh luck stood with me this time ....booked at 5378 ..25 points profit....
Look at our levels sir....real MAGIC....again it was short by level 2, short below 5379 and it hit 5359 from there.....but I did not have guts to trade that and risk the 49 points earned today....:lol:

 

[shoby]

Sorry ....Could not update here today but its updated in my blog...http://shobythottan.blogspot.com/

 

[pundit]

Sorry Boss,
I thought it was for 1st april.

Why Sir?I have given it on Friday Itself.

 

[shoby]

NIFTY MAGIC LEVEL 8.4.10
MAGIC POINTS ARE 5347 and ..............
Resistance & Support POINTS ARE 5402..... AND 5310.......

Its buy above 5347 and sell below 5347 with targets of 5402---- and 5310.... but for that nifty has to come to 5347... so we have the levels below to trade otherwise....

LVL 1)BUY NIFTY FUTURES ABOVE 5413 S/L below 5393. SELL BELOW 5391... S/L ABOVE 5371...

LVL 2) Buy NIFTY FUTURES ABOVE.5358 S/L below 5338
Sell below 5336... S/L above 5356.....

LVL 3) BUY above 5321..;--S/L below 5301.........
SELL below 5299. S/L above 5319---

When market opens first see if its near Magic number and trade with that......for example if tomorrow market opens at 5355 and goes to 5348 and is showing supports there we go long there....stoloss can be 10 points by level 2 ,sell below 5336...now if markets go up and above 5358 we are into Level2 buy and then follow that instructions..As markets go up it reaches into LVL 1 area....sell below 5391....so our long from 5348 will face resistance there but if market is strong and firing up we can just run the long to maximum.Now if market is opening around 5400 we have buy above 5413 and sell below 5391 by level 1 and so wait for nifty to come to any of these levels and trade accordingly.We have to trade like travelling in a train to cover maximum kilometers in a fixed time ...going in an uptrain getting down at a major station(resistance) then take the downtrain and get to next major station(supports)Like this we have to milk the market....yes there will be stoplosses but on the whole this system is giving more than 70% success ratio.

8th APRIL Pivots
5279 <--->5310 <--->5347 <--->5372<--->5402

We have to trade by the Magic levels and check here where to book profit in a trade if there are no Magic levels near by.Dont directly trade these Pivots .

8.40... SGX Nifty is around 5360 and so near LVL 2.......todays Magic is 5347 and thats important support... now its buy by LVL 2

 

[shoby]

I am long by LVL 2 @ 5358 s/l 5338....will average at 5348....caution..keep in mind every trade wont be as we want it to be and making money in trading is never easy....:annoyed:
For time being loooooooook at the looooooooow sir....heheheee...just took my buy order at 48...no idea though how long low will hold...

 

[scplindia]

Asian Market is not giving support for up move, is long justified under this circumstances

 

[vinst]

Asian Market is not giving support for up move, is long justified under this circumstances

when trading by levels, other cues can be given secondary role only, not primary.

regards
vin

 

[shoby]

Asian Market is not giving support for up move, is long justified under this circumstances

I prefer KISS....keep it simple....my head cant take too much complications....also in this system we r trading for 20-25 points trade so if there is a low a high will be there.....I am not at all telling you r wrong...if we take toooo many parameters trading will be difficult I feel.

 

[shoby]

Nifty breaking Magic of 5347 now is dangerous......moving the stops to below 45 now.