Nifty MAGIC Levels For Today

[shoby]

Friends pls note that these levels are for small traders who wants to play safe .....very true trading by these levels is not thrilling and is a boring affair........but then this level is for people who has gone through the thrills of BLIND TRADING and lost huge....peope who had enough of the "thrills "of trading and are fed up....I definetly is one of them enjoying small profits daily rather than Big losses most of the days and Big profits on a blue moon....Happy trading

 

[Shailu]

hello plz write in simple manner u had written in both way. if u write in simple way thanit is good for others to understand properly.

 

[shoby]

See Nifty wont open or trade where we want it to....so here we have 3 levels so the chances r more for nifty to come to one of the levels and we can follow buy or sell in that level....say for monday if nifty trades at 5100 or 5140 or 5175 we have our levels ready and can trade accordingly....hope i could clear ur doubt.

 

[shoby]

BUT NIFTY DID OPEN at Magic number 5123 ..... ........but it went down only 18points and then went up 13 points from 5123...so not much scope to trade and make profits....my trade was I bought at 5124 in the afternoon and sold at closing at 5135....wasted day

 

[shoby]

NIFTY MAGIC LEVEL 16.3.10

MAGIC POINTS ARE 5147 and 5117........
Resistance & Support POINTS ARE ........ AND...........

16th has just two MAGIC NUMBERS and the trading equation is very simple as put in LVL 1 and thats the only level for the day...

LVL 1)BUY NIFTY FUTURES ABOVE 5147 S/L below 5117
SELL BELOW 5117 S/L ABOVE 5147
LVL 2) Buy NIFTY FUTURES ABOVE ...... S/L below ....
Sell below .... S/L above ......

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


16th March Pivots
5062<-->5093<--->5117<--->5147<--->5178 <--->5209

 

[shoby]

Ok our MAGIc did work...was long at 5148 booked 5178....for us 30 points is good enough....also 5178 is also the next pivot after 5147.....oooh it hit 5228 ....50 points still above my booking...could have waited but then profit is profit.But MAGIC gave 80 points ......

 

[shoby]

NIFTY MAGIC LEVEL 17.3.10
MAGIC POINTS ARE 5159 and ...............
Resistance & Support POINTS ARE 5250....... AND ....

LVL 1)BUY NIFTY FUTURES ABOVE 5261 S/L below 5241
SELL BELOW 5239 S/L ABOVE 5159

LVL 2) Buy NIFTY FUTURES ABOVE 5170 S/L below 5150.
Sell below .5148... S/L above ..5168....

17th March Pivots
5120<--->5159<--->5182<--->5213<--->5250 <--->5281

 

[shoby]

OOOOH market tooo hotttt.....gave a cold blooded stop....sold at 5238 stopped at 5260 but then we did go against the tide and tide was too strong....

 

[roameri]

OOOOH market tooo hotttt.....gave a cold blooded stop....sold at 5238 stopped at 5260 but then we did go against the tide and tide was too strong....

Dear shoby:
Sop Losses are most difficult like Delhi Ka Ladoos "suffer if you do not eat suffer if you eat."
At 10.06 short NIFTY MAR. at 5239.
At 10.34 stoploss at 5259.
At 14.44 PRICE: 5227
Small Stop Loss - Small Loss.
Big Stop Loss - Big Loss or Big Profit.
Best to oscillate at 0.5%. But at that low rise/fall too swings are cruel.
Kya Karega ???
j.

 

[shoby]

Yes Nifty became a reverse trade by our Level 1 @ 5262 but after much time nifty was showing weakness so booked at cost at 12.20......again nifty came to sell level of 5238 and could go down to 5227 only and around close had to cover at cost again... bad could not take out the first loss even.