Nifty MAGIC Levels For Today

[shoby]

NIFTY MAGIC LEVEL 5.7.10

MAGIC POINTS ARE 5273 and 5228.

LVL 1)BUY NIFTY FUTURES ABOVE 5284.... S/L below 5264.. SELL BELOW 5262... S/L ABOVE 5282.


LVL 2) Buy NIFTY FUTURES ABOVE 5239 .S/L below . 5219... Sell below 5217... S/L above 5237......

July 5th Pivots

5135<-->5166<-->5197<-- 5228---5245--5273-->5304<--->5335

 

[shoby]

NIFTY MAGIC LEVEL 6.7.10

MAGIC POINTS ARE 5264 and 5236.
LVL 1)BUY NIFTY FUTURES ABOVE 5275.... S/L below 5255.. SELL BELOW 5253... S/L ABOVE 5273.


LVL 2) Buy NIFTY FUTURES ABOVE 5247 .S/L below . 5227... Sell below 5225... S/L above 5245......


We can see the levels are comming closer and closer and soon there will be a breakout and so we should be double carefull in trading .Breakouts usually wont be textbook style...there would be false breakouts to confuse the traders and then the real one with full force.

July 6th Pivots

5143<-->5174<-->5205<-- 5236-----5264-->5298<--->5329<--->5360

 

[scplindia]

We can see the levels are comming closer and closer and soon there will be a breakout and so we should be double carefull in trading .Breakouts usually wont be textbook style...there would be false breakouts to confuse the traders and then the real one with full force.

Well said Mr. Shoby, these false breakout are ment to trap traders like us.
Cheers,
Prem Kumar

 

[vinst]

has false break already occured with yesterday's low getting broken?

vin

 

[shoby]

has false break already occured with yesterday's low getting broken?

vin

Now yesterdays high also taken with low volumes ....
Looks like this time its with good good volumes...

 

[shoby]

NIFTY MAGIC LEVEL 7.7.10

MAGIC POINTS ARE 5347 and 5266.

LVL 1)BUY NIFTY FUTURES ABOVE 5358.... S/L below 5338.. SELL BELOW 5336... S/L ABOVE 5356.


LVL 2) Buy NIFTY FUTURES ABOVE 5277 .S/L below . 5257... Sell below 5255... S/L above 5275......

July 7th Pivots

5173<-->5204<-->5235<-- 5266---5311---5347-->5378<--->5409<--->5440 [/

 

[shoby]

NIFTY MAGIC LEVEL 8.7.10

MAGIC POINTS ARE 5274 and 5221.


LVL 1)BUY NIFTY FUTURES ABOVE 5285.... S/L below 5265.. SELL BELOW 5263... S/L ABOVE 5283.


LVL 2) Buy NIFTY FUTURES ABOVE 5232 .S/L below . 5212... Sell below 5210... S/L above 5230......


July 8th Pivots

5138<-->5159<-->5190<-- 5221-----5274-->5305<--->5336<--->5367

 

[Raju]

Please provide us magic levels ...

Thanks,
Raju

 

[shoby]

NIFTY MAGIC LEVEL 9.7.10

MAGIC POINTS ARE 5327 and 5252.



LVL 1)BUY NIFTY FUTURES ABOVE 5338.... S/L below 5318.. SELL BELOW 5316... S/L ABOVE 5336.


LVL 2) Buy NIFTY FUTURES ABOVE 5263 .S/L below . 5243... Sell below 5241... S/L above 5261......



July 9th Pivots

5159<-->5190<-->5221<-- 5252--5292---5327-->5358<--->5399<--->5430.

 

[shoby]

NIFTY MAGIC LEVEL 12.7.10

MAGIC POINTS ARE 5375 and 5333 .

LVL 1)BUY NIFTY FUTURES ABOVE 5386.... S/L below 5366.. SELL BELOW 5364... S/L ABOVE 5384.


LVL 2) Buy NIFTY FUTURES ABOVE 5344 .S/L below . 5324... Sell below 5322... S/L above 5244......

July 12th Pivots

5209<-->5240<-->5302<-- 5333----5375-->5406<--->5437<--->5468.