StockHunter's trading corner: 05 March 09

Thursday, March 5, 2009

05 March 09

It ended up to be a lucky move to hold on to the longs for a day more. Nifty closed above 2600 yesterday hence I am still in longs. yesterday opened longs in ICICI, Relinfra, Rel cap and a short in Infy. SBI can be longed today with an SL of 960.

Intraday magic numbers
NF = 2595, 2620, 2655, 2675, 2710

Cheers
SH

3 comments:

SushMarch 5, 2009 at 5:07 PM
mkts crashed today.....:(
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SushMarch 7, 2009 at 10:47 AM
gud morning SH....

How r u and where r u??? been ages since we heard frm u.........

chal u tc

bye

susmitha
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Stock HunterMarch 9, 2009 at 9:05 AM
Sush - I was travelling since Thursday evening .. went to Mumbai and Shirdi hence couldnt write my blog on Friday or track my stock positions.

Cheers
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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

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

StockHunter's trading corner

Thursday, March 5, 2009

05 March 09

3 comments:

IMPORTANT NOTE

How to trade my magic numbers

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