19th Feb 09

Hi,

Yesterday as expecte markets gapped up and continued its bull march to 2830 ... I said in SB during trading hours when mkts were around 2820 that we will get an inverted hammer on EOD charts and thats exactly what we go on EOD. In any case swing longs initiated yesterday should be sitting with profits now.

In case its gap ups today, please book 50% of your holdings at gap up and for rest put the SL at your entry point.

I started giving intraday calls in SB from yesterday, gave 2 intraday calls both gave nice profits of 69 and 57 points respectively. I have started recording my intraday calls in icharts forum thread. Check it out if you have time....

as you can see my magic levels did well, NIfty kept oscillating between my M3 and M5 yesterday again. Hope they are proving to be useful guideposts to traders reading this blog? Please leave your feedback as comments so that I can continue positing these levels.

Magic numbers for today
NF = 2730, 2755, 2795, 2820, 2855

Cheers
SH