We scrutinize and numerically investigate the behavior of magnetic nanofluid flow in stagnation region in the presence of ion-slip and Hall currents. Employing similarity technique, the governing equations modeling the boundary layer flow are switched into highly nonlinear ODEs. The resultant equations are then solved numerically by the method of spectral quasi-linearization. The effect of varying various pertinent parameters within the fluid flow are taken into account and the results are analyzed graphically. It may be noted that the velocity increases in the x- as well as z-directions with an increment in the Hall parameter. The concentration indicates a decreasing trend with increasing values of the Eckert number. The computed results also show that the volume fraction effects diminishes as the Schmidt number increases.