Hi,
Yesterday at gap up at 2800+ levels were where 50% of your longs should have been booked. Markets fell like nine pin after the gap open to touch 2757 and from there rebounded in the last 2 hours to close where they opened.
From a swing perspective, I am still bullish on this swing. Please continue to hold longs and add more if it falls to 2750-60 with a strict SL of 2740.
I gave only one intraday call on NIfty which meant a profit of 70 points (Rs 3500). So in last two days total profit of 196 points or Rs 9800 (gross of brokerage).
These calls are being given by me in SB (Shout Box) on www.icharts.in since yesterday. I am flooded with requests to provide these calls on YM or on mobiles however the problem is while I am in office I dont have access to YM. Probably I will need a window based phone from which I can send YM messages to my friends on their desktops and mobiles. If anyone has any idea on what's the bext (and most economical) way to do it please email me on stock.hunter@yahoo.com.
Intraday Magic levels for today
NF = 2727, 2762, 2788, 2827, 2855
Cheers
SH
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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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