Nifty MAGIC Levels For Today

[shoby]

NIFTY MAGIC LEVEL 10.3.10
MAGIC POINTS ARE 5081 and ........
Resistance & Support POINTS ARE 5045 AND 5113

BEST strategy will be buy above 5113 only and sell below 5081

LVL 1)BUY NIFTY FUTURES ABOVE 5092 S/L below 5072
SELL BELOW 5070 S/L ABOVE 5090

LVL 2) Buy NIFTY FUTURES ABOVE 5056 S/L below 5036
Sell below 5034 S/L above 5054

10th March Pivots
5014<-->5045<--->5081<--->5113<--->5144 <--->5175

 

[shoby]

Hi! went long at 5114 and booked at 5134 but by LEVEL1 should have gone long above 5093... missed that 20 points....

 

[scplindia]

do we go short at this level of 5125

 

[shoby]

Sorry SCPL I saw ur message now only and missed that 5125 and it came below 5100....I think its a g0od idea to short also at this 5125 sl 5140...

 

[souravigb]

good good good

 

[shoby]

NIFTY MAGIC LEVEL 11.3.10
MAGIC POINTS ARE 5096 and ........
Resistance & Support POINTS ARE 5140 AND ..5059
LVL 1)BUY NIFTY FUTURES ABOVE 5107 S/L below 5087
SELL BELOW 5085 S/L ABOVE 5105

LVL 2) Buy NIFTY FUTURES ABOVE 5151 S/L below 5131
Sell below 5129 S/L above 5149

LVL 3) BUY above --5070----S/L below --5050---
SELL below --5048-----S/L above ---5068-----

11th March Pivots
5028<-->5059<--->5096<--->5121<--->5140 <--->5171

 

[shoby]

First trade by LVL 1 ....buy above 5107 booked at 5128 for 20 points....now waiting to short by LVL 2 ....
Second trade was short at 5128 by LVL 2 S/L 5152 and it hit a high of even 5148 before it fell once again to 5119 and the trade was closed at cost as nifty again started comming up....Unexpected good show by bulls.

 

[shoby]

NIFTY MAGIC LEVEL 12.3.10
MAGIC POINTS ARE 5118 and ........
Resistance & Support POINTS ARE 5176 AND ..5078
So simply its buy above 5118 and sell below 5118 with targets of 5176 and 5078 but to trade this nifty has to come near 5118....so we make it into 3 levels so it can be traded.....

LVL 1)BUY NIFTY FUTURES ABOVE 5129 S/L below 5109
SELL BELOW 5107 S/L ABOVE 5127

LVL 2) Buy NIFTY FUTURES ABOVE 5187 S/L below 5167
Sell below 5165 S/L above 5185

LVL 3) BUY above --5089----S/L below --5069---
SELL below --5067-----S/L above ---5087-----

12th March Pivots
5047<-->5078<--->5118<--->5149<--->5176 <--->5207

 

[shoby]

Today Nifty came all the way from high to our buy level by LVL1 (buy above 5129)and already given our 20 points profit.....I think there is more than the 20 points this time....Today our levels were really good...LVL2 was sell below 5165 and LVL1 was buy above 5129 and Nifty was kept between these two levels.

 

[shoby]

NIFTY MAGIC LEVEL 15.3.10
MAGIC POINTS ARE 5123 and ........
Resistance & Support POINTS ARE 5166 AND ..5090

So simply its buy above 5123 and sell below 5123 with targets of 5166 and 5090 but to trade this nifty has to come to 5123....but we make these three special numbers into 3 levels so it can be traded.....

LVL 1)BUY NIFTY FUTURES ABOVE 5134 S/L below 5114
SELL BELOW 5112 S/L ABOVE 5132

LVL 2) Buy NIFTY FUTURES ABOVE 5177 S/L below 5157
Sell below 5155 S/L above 5175

LVL 3) BUY above --5090----S/L below --5075---
SELL below --5075-----S/L above ---5090-----


15th March Pivots
5059<-->5090<--->5123<--->5166<--->5197 <--->5213