nifty calls

[MAGNET MAN]

magnet calls for friday

crash was expected and it happened, we said that mkt cud crash from 5710,5751,5802,5851

and today's high was 5737, we missed it by 14 points

now what next, 2maro will be crucial day which will decide the medium term outlook.

as mkt is too much volatile best statergy shud be avoid trading
as mkt has made undefined stucture today so it will be difficult to give call, so let mkt make defined stucture(it will make it by 2maro itself)

over all support is at 5111-5074 so one can buy nifty here for a technical bounce.

i shall wait for 2maro's chart to give any further call.
one thing i want to hare today's volume were horrible

warm regards
magnet man

 

[MAGNET MAN]

dear shah and ranj,

though i will able to give any call after seeing 2maro's chart, but it surprise me when big crash was expected then why u bought nifty in falling mkt.

any ways ,if nifty gives chance 2maro then come out of it,roughly i can say that there is strong support in the range of 5074-5111 for where nifty cud bounce towards 5430, so wait for technical rally.

warm regards
magnet man

 

[shahgauravk]

dear shah and ranj,

though i will able to give any call after seeing 2maro's chart, but it surprise me when big crash was expected then why u bought nifty in falling mkt.

any ways ,if nifty gives chance 2maro then come out of it,roughly i can say that there is strong support in the range of 5074-5111 for where nifty cud bounce towards 5430, so wait for technical rally.

warm regards
magnet man

Hi Magnetman,
Thank you for your help
I will be hoping to get out of the call tomorrow, I had actually bought this on Tuesday & am therefore stuck!!!!

Regards,
Gaurav

 

[torontoguy]

dear shah and ranj,

though i will able to give any call after seeing 2maro's chart, but it surprise me when big crash was expected then why u bought nifty in falling mkt.

any ways ,if nifty gives chance 2maro then come out of it,roughly i can say that there is strong support in the range of 5074-5111 for where nifty cud bounce towards 5430, so wait for technical rally.

warm regards
magnet man

Hi Magnet Man.

Very Very Thanks for the nifty levels.
helped me lot !!!

Again thanks keep it up !!

 

[MAGNET MAN]

tgt 4700-4800 in coming days.

now today nifty shud go up 5420-5450(don't buy), one cud sell at these level for the tgt of 4800-4700 in coming days, use this technical rally for closing ur long position
sl 5463
warm regards
magnet man

 

[torontoguy]

tgt 4700-4800 in coming days.

now today nifty shud go up 5420-5450(don't buy), one cud sell at these level for the tgt of 4800-4700 in coming days, use this technical rally for closing ur long position
sl 5463
warm regards
magnet man

Before expiry can we see below 5000?

 

[judemit]

tgt 4700-4800 in coming days.

one cud sell at these level for the tgt of 4800-4700 in coming days

Hi Magnet Man,

To what extent these markets can fall. If one wants to buy/add more shares what are the levels one should look for. Please advise.

Thanks in advance,

Jude

 

[MAGNET MAN]

magnet calls for monday

nifty has already taken support from expected supp 5074-5111. we wrer expecting technical rally upto 5400(don't buy) still expecting, so iftechnicall rally happen use that for exiting long position.

support
5074
4930
4663

break of 5074 will tgt 4930, break of 4930 will tgt 4663

but right now expect tecnicall rally which has atgt of 5400, high risk trader can buy with sl of 5130

warm regards
magnet man

 

[rajesh.sadhanala]

Re: magnet calls for monday

nifty has already taken support from expected supp 5074-5111. we wrer expecting technical rally upto 5400(don't buy) still expecting, so iftechnicall rally happen use that for exiting long position.

support
5074
4930
4663

break of 5074 will tgt 4930, break of 4930 will tgt 4663

but right now expect tecnicall rally which has atgt of 5400, high risk trader can buy with sl of 5130

warm regards
magnet man

Technically we should have a rally till 5385 before hit any more bottomlines however market is determined by many factors. Lot of volatility so one should prefer trailing SL and % profit booking before to go for any final targets.

Raj

 

[optionstrader]

hello magnet man,

last week I had taken 5800 call option 4 lots at 45... now it has gone down.
Kindly guiide me...shall i exit or hold till 5400 or shall i average it ...to minimize the loss.

Awaiting your quickest response,

Thanks & Regards.