Nifty MAGIC Levels For Today

[sub2501]

:rofl::rofl::rofl::rofl:
5383-5399 is no trading zone bro for nifty

what indicators do u use to identify the no trading zone ?

 

[munnabhai208]

He is using the great PT tukka indicator...

 

[gulshanranjan]

LVL1)BUY NIFTY FUTURES ABOVE 5408.S/L below 5388..
......sell below 5386...... s/l 5406.


Nifty touched 5408 & hit s/l of 5388 between 12-12:30pm today

and

Morning it went below 5386 & then recovered & crossed 5406....

WOW !!! isn't it amazing....it hit both long & short call stop loss today in early trade. Really magical....


Dear Frnd, pls think twice before promising anything...

NIFTY MAGIC LEVEL 21.7.10

MAGIC POINTS ARE 5397 and 5331 .

LVL1)BUY NIFTY FUTURES ABOVE 5408.S/L below 5388..
......sell below 5386...... s/l 5406.


LVL 2)Buy above 5342 s/l 5322
.......Sell below 5320... S/L above 5340......

July 21st Pivots

5238<-->5269<-->5300<-- 5331--5397-->5428<--->5459<--->5490

 

[vinodh2u]

Gulshan,

Not sure if you follow these levels or not.......But i am following them for quite some time and they are amazing.....Please look at the past performance before you comment .

 

[gulshanranjan]

Definitely i don't follow his levels, they are not at all inline with technical levels, 20 DMA or 30 min moving avg. surprisingly both, long and short call stop loss trigger same day within few hours. i can clearly see market was in small range of 5380-5415 from past 5 days when that magic level was given. my point is simple, just be more cautious, when given such calls as many new trades, simply follow your calls. nothing against anybody, i just want this form to be more educational then simply giving buy or sell recommendations. hope you understand my point.

 

[vinst]

If on a particular day SL got triggered, we say that we should take only education.
What were we taking when levels were helping to make profit?

regards

 

[scplindia]

Definitely i don't follow his levels, they are not at all inline with technical levels, 20 DMA or 30 min moving avg. surprisingly both, long and short call stop loss trigger same day within few hours. i can clearly see market was in small range of 5380-5415 from past 5 days when that magic level was given. my point is simple, just be more cautious, when given such calls as many new trades, simply follow your calls. nothing against anybody, i just want this form to be more educational then simply giving buy or sell recommendations. hope you understand my point.

There is no hard & fast rule in the market, like why only 20 or 30 DMA, there are so many other DMAs as well, why not 5, 10, 14, 15 etc.. Market is supreme and it follows the way smart money operate them.

Shobys magic levels are really good and is only a indication, you can do your own analysis. Every trader who enters the market should know that he blindly follows somebody else, then he will make a huge donation to the market, and blow out his trading account.

Trader has to make his own entry and exit strategy based on his own risk appetite, and trade. Everybody else can give him only guidence, no guarantee.

 

[smajumdar]

can u post the magic levels for July 26 ?????

 

[miscos]

Friends,
I saw a few remarks here as the call of our friend did not turn up and triggered stoploss. Does any system give us 100%. The author is taking great pain to share his system, it is not binding for anybody to take his call. I will explain today how to derive the magic points or turning points. Really in some days market turns up or down from the points. I will explain how MP are calculated and how the buy/sell calls have been given. This this is not exclusive and so he has some more ways to find Resistance and support points.
Calculation of Magic Point:
Upper TP: Prev. Close + (PrevDay's High-Prev Day's low)/2
Lower TP: Prev. Close - (PrevDay's High-Prev Day's low)/2

Now it is assumed that the average range of a day is 62 points. Half of the same is 31. Now 31 =11+20. So UTP+11 is a buy point with a sl of UTP-9, target plus 20 (31=20+11). Like wise.....
Now the method as explained above and being followed by the Shoby also takes care of R and S as per a diff calculation. The point is somedays, his calculation gives result and some days these MP work like magic. Let us constructively critisize, but praise some initiative.

Hope you can get your magic points. I take these MPs as reference, but follow some other method to trade in nifty.
Let us make traderji forum as a learning and sharing playground. No mud.....Cheers

 

[MalcomWagon]

Best level. Do we go short at this level of 5125 .