Friday proved to be one hell lot of a day for bulls.... Nifty on Friday, even after going below Thursdays lows which I thought was a crucial, recovered and rallied to end up close to days highs. This is clearly emerging as a bullish setup however I will go long only above my swing levels of 2880 and above is achieved and atleast a close above these levels on an EOD basis.
My intraday magic levels worked ... but couldnt give the right levels since the change in series and NF values from Thursday to Friday changed some of my calculations... hopefully today they will perform better. HOwever still, NF low on Friday was 2766 (above my magic levels of 2752) and once it crossed 2810 (my magic levels again) it never looked back. I had loned on intraday basis at 2815 and squared off at 2850 since 2852 was my another magic numbers.
Educomp again rocked...however I had a losing trade on it intraday for 30 points after it gave me 50 points in morning.
Intraday magic numbers for 2nd Feb 09
NF = 2796, 2832,2912,2941
Educomp = 1656,1725, 1780,1860
Swing Levels
Same as last week... I am short on NF and SL is 2900.
ICICI shorted at 422 SL 420 now.
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