Yesterday due to some exigencies I couldnt trade at all myself however got some trades done through my broker over the phone. Overall i was happy to see i exited my longs at the right time and my broker was able to get me a short at 2850 levels again yesterday morning as per my instructions. I had commented in SB that the days high wont be more than 2880 and one should short at around 2880 levels if they come. I also mentioned that we will see 2800-2810 levels on Thursday or Friday max, to my leasant surprise we saw them yesterday itself.
I was expecting Nifty to expire between 2800 and 2850 so that condition also got met... based on this only I had written 2900 calls 6 days back for feb series.
Anyways, I am currenlty short on 2900 calls and NF as well. However something in me tells me this time NF might not reach my target levels of 2650 again.. lets see how things progress and we will change our stance accordingly.
Educomp intraday magic numbers did amazingly well yesterday, swung 5 times between 1760 and 1805 and thats 40 x 5 = 200 Rs cool profit per share within one day.... the not so good thing was that I couldnt trade them since I was away.
Anyways... markets open on most of the weekdays so will get my chance again on educomp today.
Intraday magic numbers for 30th Jan 09
NF = 2712,2752,2810,2852
Educomp = 1730, 1760,1790,1830
Swing levels
Same as yesterday, ICICI swing short position should have been initiated as per my levels since it opened at around 420 yesterday.
Cheers
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On a daily basis I will be giving 5 magic numbers in ascending order..Lets call them M1, M2,M3,M4 & M5 respectively.
Each of these levels are important supports and resistances, I would not expect the mkts to fall below M1(hence safest place to initiate a long with SL 10 points below M1) and would not expect mkts to go above M5 (safest place to short with SL 10 points above M5 ). These trades should be 90% accurate on normal days. Targets are M2 for longs and M4 for shorts respectively however if the difference between the two levels is more than 40 points I usually book around 25-30 points and wait for next opportunity.
Similarly M2, M3 & M4 can be played on both sides with 10 point SL for 70-80% accuracy. However I personally do not start trading on on magic levels in first 20-30 minutes to let the overnight noise die down.
Cheers
SH
Setting this blog up to document my trading views on Nifty and other stocks(intraday, swings and positionals), posting my chart analysis and other educational material for educational use only. This is meant to be taken as views and not trading recommendations.
IMPORTANT NOTE
Dear all,
From today I will not post my premarket blogs here on this site. Some miscreants are copying them shamelessly everydays and are now even trying to start a paid service using my calls.
However, I am starting a new blog which will strictly be 'INVITATION ONLY' where I will post my premarket calls and swing calls from today. To limit readership to select few genuine traders I might require some personal information like phone numbers, real name etc before I grant access.
In case your are interested, please email me on stock.hunter@yahoo.com with following details:
1. Real Name
2. Telephone Number
3. IP Address of the computer you use
Once I have recieved the above details, upon my discretion, I will grant you access to the new blog.
I will continue to update this blog with information on calls that are already closed so that no one can use them in live markets.
Cheers
SH
From today I will not post my premarket blogs here on this site. Some miscreants are copying them shamelessly everydays and are now even trying to start a paid service using my calls.
However, I am starting a new blog which will strictly be 'INVITATION ONLY' where I will post my premarket calls and swing calls from today. To limit readership to select few genuine traders I might require some personal information like phone numbers, real name etc before I grant access.
In case your are interested, please email me on stock.hunter@yahoo.com with following details:
1. Real Name
2. Telephone Number
3. IP Address of the computer you use
Once I have recieved the above details, upon my discretion, I will grant you access to the new blog.
I will continue to update this blog with information on calls that are already closed so that no one can use them in live markets.
Cheers
SH
How to trade my magic numbers
On a daily basis I will be giving 5 magic numbers in ascending order..Lets call them M1, M2,M3,M4 & M5 respectively.
Each of these levels are important supports and resistances, I would not expect the mkts to fall below M1(hence safest place to initiate a long with SL 10 points below M1) and would not expect mkts to go above M5 (safest place to short with SL 10 points above M5 ). These trades should be 90% accurate on normal days. Targets are M2 for longs and M4 for shorts respectively however if the difference between the two levels is more than 40 points I usually book around 25-30 points and wait for next opportunity.
Similarly M2, M3 & M4 can be played on both sides with 10 point SL for 70-80% accuracy. However I personally do not start trading on on magic levels in first 20-30 minutes to let the overnight noise die down.
Cheers
SH
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