Dear Friends,
Please refer to my weekend post on my swing calls.
US Markets on Friday closed deep in red and today asian markets are in red. Nifty should also open weak today and hence my shorts from Friday will start moving to profits.
Intraday Magic Numbers
NF = 2992, 3025, 3072, 3110, 3156
Cheers
SH
skip to main |
skip to sidebar
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
Visitor stats
Followers
Blog Archive
-
▼
2009
(65)
-
▼
March
(23)
- 31st March 09
- 30th March 09
- Fresh Swing Calls
- 27th March 09
- 26th March 09
- 25th March 09
- 24th March 09
- 23rd March 09
- 21st March 09 - Swing views on stocks
- 20th March 09
- 19th Feb 09
- 18th March 09
- 17th March 09
- 16th March 09
- 15th March 09
- 13th March 09
- 12th March 09
- 09th March 09
- 05 March 09
- 04th March 09
- 3rd March 09
- 2nd March 09
- RSEX strategy
-
▼
March
(23)
No comments:
Post a Comment