now see the magic chart
click here
Nifty close of 11-08-07 is 4333 and Nifty future is 4303 in chart nearest value is 4352 is resistance for Nifty.
Now 4352 is in under 256 base figure ( Magic table's first row is base value ) It's previous base value is 128.
so for next week range for nifty is 4352 - 128 = 4224 and 4352 + 128 = 4480 .
Nor for day trading you have to take less base figure ( 64 , 32 ) 4352 -64 = 4288 . 4352 + 64 = 4416
4352 - 32 = 4320 . 4352 + 32 = 4384
so levels for trading in Nifty future for 13-08-07 is 4288 - 4320 - 4352 - 4384 - 4416. If it trades over 4320 you can buy keeping stop loss of 4290 and target first 4350 and second 4380
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