Nifty MAGIC Levels For Today

[nifty]

Hello sir,
thank you for useful post

Hello suhas,

hope you have received by message on dchatterjee_1's thread.

Can you enable PM option so that I can contact you.

Happy Trading...

 

[shoby]

NIFTY MAGIC LEVEL 18.5.10

MAGIC POINTS ARE 5114 and 5002... Resistance & Support POINTS ARE 5137.. AND 5075..

For 18th we have 5114 and 5002 as Magic Numbers and so its buy above and sell below each Magic also we need to watch carefully when nifty comes to 5137 and 5075.



LVL 1)BUY NIFTY FUTURES ABOVE 5125.... S/L below 5105../// SELL BELOW 5103... S/L ABOVE 5123.



LVL 2) Buy NIFTY FUTURES ABOVE 5013 .S/L below 4993.... ///Sell below 4991... S/L above 5011......



LVL 3) BUY above 5086--S/L below 5066 /// SELL below 5064.. S/L above 5084...


18th MAY Pivots

4940<-->4971<-->5002<- 5075->5114<---->5137<---5168

 

[BANI KANTHA BHATTACHARYA]

Hello Mr.shobby,
Thanks a lot for serving this useful thread for the members. But sorry to say you that today ,your pivot and range did not performed at all. I am also calculate the pivot like you. You have made some personal improvement to calculate the same. AS per the simple way of PIVOT CALCULATION , Today"s pivot point was 5027 which was almost the same as opening. Now, come to the tomorrows pivot. It is as per my simple way is 4989, res:5031, supp. 4945. How you derived two magic points ?If you share your views in this regard, I shall be obliged.

 

[shoby]

Hello Mr.shobby,
Thanks a lot for serving this useful thread for the members. But sorry to say you that today ,your pivot and range did not performed at all. I am also calculate the pivot like you. You have made some personal improvement to calculate the same. AS per the simple way of PIVOT CALCULATION , Today"s pivot point was 5027 which was almost the same as opening. Now, come to the tomorrows pivot. It is as per my simple way is 4989, res:5031, supp. 4945. How you derived two magic points ?If you share your views in this regard, I shall be obliged.

Dear Sir,Yes you are right that every day these levels do not work and no one is claiming this to be the Best and only levels.what Iam providing here is what Iam following and the best I could get.But yesterday only level nifty came into range was LVL 2 ,where it was buy above 5023 and sell below 5001,and I feel the levels have done extremely good in both the moves...if there is any better calculations please provide here every day for the help of small investors including me.cheers

 

[myno4444]

shoby sirjee...today ur level 5075 was a gr8 one..got some bucks using this level,ppl should wait for the level to come up,once it is ter,they have to take position depending on the trend.I am really thankful to you for posting this info here.Tnx a lot.

 

[shoby]

shoby sirjee...today ur level 5075 was a gr8 one..got some bucks using this level,ppl should wait for the level to come up,once it is ter,they have to take position depending on the trend.I am really thankful to you for posting this info here.Tnx a lot.

Dear Myno, Very happy to hear you could trade and profit with the levels. I will explain how the levels should have been traded today....Nifty opened at 5055.55 and our Magic points are no where near opening.We have sell below 5064 by LVL 3 and buy above 5013 by LVL 2 the closest levels to this opening.Nifty comes down and we have to buy around 5013 and the Magic at 5002 s/l 4993.I planned to buy at 5014 or below if its going but the low was only 5017 so missed that trade.One thing we must note is it was open-high at 5056 till 11.50 and so markets going above 5056 is change of direction and is a buy there.So the level of sell at 5064 is not valid.Then there is buy above 5086 to add longs if one desires and next Magic is 5114 which will be a huge resistance for this upmove and so must be prepared to book the longs if there is weakness around Magic 5114.Nifty could scale 5107 only and started falling and we have sell below 5103 by LVL1 so longs have to be booked there. Now to short at 5103 needs some guts so I rely on trendlines for courage.Trendline is around 5098 and nifty breaking that I short at 5095 to cover at 5065 though nifty went down still to 5050. So with just two trades its possible to make more than 50 points profit in trading today....

 

[myno4444]

tnx sirjee for the reply,will apply this type of trade frm tomro

 

[shoby]

NIFTY MAGIC LEVEL 19.5.10

MAGIC POINTS ARE 5108 and 5019...

Support/resistance POINT is 5061..

For 18th we have 5108 and 5019 as Magic Numbers and so its buy above and sell below each Magic ....


LVL 1)BUY NIFTY FUTURES ABOVE 5119.... S/L below 5099.. SELL BELOW 5097... S/L ABOVE 5117.



LVL 2) Buy NIFTY FUTURES ABOVE 5072 .S/L below . 5052... Sell below 5050... S/L above 5070......


LVL 3) BUY above 5030--S/L below 5010. ... SELL below 5008.. S/L above 5028 ...

19th MAY Pivots

4957<-->4990<-->5019<- 5061->5108<---->5139<---5168

 

[scplindia]

Shoby

Today if we open below magic number 5019, what trade should we take.

Thanks
Prem Kumar

 

[shoby]

Shoby

Today if we open below magic number 5019, what trade should we take.

Thanks
Prem Kumar

Yes Prem,looks like opening is in deep gap-down...SGX now at 4985...will have wait for some upside till Magic atleast to short or long...
Saw the power of Magic??? Nifty Could not over come it so I had short by LVL 3 and took out 20 points.