Nifty Trades for 31/12/2012

31/12/2012 09:00  Trend: Positive, SL: 5890

Technical View on Nifty as on 28/12/2012

Technical view based on Daily Charts:
Nifty has been trading strong and positive since June 2012. Though the larger trend for Nifty is positive, but Nifty had been trading range bound throughout the December 2012 series. Nifty has formed an accumulation pattern above the support of 5847 but has not yet been able to break above the resistance of 5973. Nifty has been strongly following the trendline, bouncing from it multiple times since June 2012.

What are the likely possibilities ahead?

1. Nifty may break above the resistance of 5973 and head ahead to 6109 and 6298
2. Nifty may continue trade in this range till the trendline support is touched.
3. Nifty may break the support of 5847, and correct to the next major support of 5753 and may also touch the trendline support.

Considering the current Open Interest (OI) of Nifty Options for January 2013 series, the maximum OI for calls currently exists on 6000CE. However, the maximum OI for puts is difficult to pick as of now because of the close proximity of the values. The major contenders for the maximum OI are 5800PE, 5700PE and 5500PE.

Taking the OI into consideration, we may rule out option 1 till there is a major change in the OI data.

As Nifty has already remained in the range for past 20 trading sessions, volatility has come down quite low and may try to break the range very soon. As such, we may rule out option 2 as well.

As we are left with option 3, we may likely expect a minor correction in Nifty quite soon. However, OI of Nifty needs to be watched closely another few trading sessions to get a confirmation.

Update on 02/01/2013:
Nifty broke above the resistance level of 5973. As such Nifty may head ahead to levels beyond 6100. The max OI also shifted from 6000CE to 6200CE opening upsides upto 6200 levels. On the downside 5800PE now holds the max OI, but as Nifty moves up, the OI of higher puts may also increase.

Nifty Trades for 28/12/2012

28/12/2012 09:00  Trend: Negative, SL: 5889
28/12/2012 09:20  SL Triggered, Trend: Positive, SL: 5877
28/12/2012 10:25  SL Trailed: 5885
28/12/2012 14:00  SL Triggered, Trend: Negative, SL: 5907
28/12/2012 14:15  SL Trailed: 5905
28/12/2012 15:10  SL Triggered, Trend: Positive, SL: 5883

28/12/2012 15:20  SL Trailed: 5890

Nifty Trades for 27/12/2012

27/12/2012 09:00  Trend: Positive, SL: 5888
27/12/2012 03:00  SL Triggered, Trend: Negative, SL: 5910
27/12/2012 03:05  SL Trailed: 5891

27/12/2012 03:20  SL Trailed: 5889

Nifty Trades for 26/12/2012

26/12/2012 09:00  Trend: Negative, SL: 5874
26/12/2012 11:20  SL Triggered, Trend: Positive, SL: 5852
26/12/2012 11:35  SL Trailed: 5873

26/12/2012 11:55  SL Trailed: 5880
26/12/2012 12:40  SL Trailed: 5888

Nifty Trades for 24/12/2012

24/12/2012 09:00  Trend: Negative, SL: 5874

Nifty Trades for 21/12/2012

21/12/2012 09:00  Trend: Positive, SL: 5898
21/12/2012 09:20  SL Triggered, Trend: Negative, SL: 5899
21/12/2012 10:05  SL Trailed: 5890

21/12/2012 14:30  SL Trailed: 5882

21/12/2012 14:55  SL Trailed: 5874

Nifty Trades for 20/12/2012

20/12/2012 09:00  Trend: Positive, SL: 5909
20/12/2012 10:40  SL Triggered, Trend: Negative, SL: 5924
20/12/2012 15:10  SL Triggered, Trend: Positive, SL: 5898

Nifty Trades for 19/12/2012

19/12/2012 09:00  Trend: Positive, SL: 5875
19/12/2012 09:20  SL Trailed: 5905

19/12/2012 09:50  SL Trailed: 5909

Nifty Trades for 18/12/2012

18/12/2012 09:00  Trend: Positive, SL: 5851
18/12/2012 11:05  SL Triggered, Trend: Negative, SL: 5853

18/12/2012 11:20  SL Triggered, Trend: Positive, SL: 5826

18/12/2012 11:40  SL Trailed: 5830

18/12/2012 12:35  SL Trailed: 5866

18/12/2012 14:00  SL Trailed: 5872

18/12/2012 14:20  SL Trailed: 5875

Nifty Trades for 17/12/2012

17/12/2012 09:00  Trend: Positive, SL: 5851

Nifty Trades for 14/12/2012

14/12/2012 09:00  Trend: Negative, SL: 5874
14/12/2012 12:10  SL Triggered, Trend: Positive, SL: 5855

14/12/2012 14:20  SL Triggered, Trend: Negative, SL: 5881
14/12/2012 15:20  SL Triggered, Trend: Positive, SL: 5851

Nifty Trades for 13/12/2012

13/12/2012 09:00  Trend: Negative, SL: 5905
13/12/2012 14:00  SL Trailed: 5885
13/12/2012 14:15  SL Trailed: 5878

13/12/2012 14:40  SL Trailed: 5874

Nifty Trades for 12/12/2012

12/12/2012 09:00  Trend: Positive, SL: 5878
12/12/2012 09:20  SL Trailed: 5894
12/12/2012 10:10  SL Triggered, Trend: Negative, SL: 5924
12/12/2012 11:55  SL Trailed: 5918

12/12/2012 12:15  SL Trailed: 5914

12/12/2012 14:05  SL Trailed: 5905

Nifty Trades for 11/12/2012

11/12/2012 09:00  Trend: Negative, SL: 5919
11/12/2012 09:20  SL Triggered, Trend: Positive, SL: 5905
11/12/2012 09:30  SL Trailed: 5932

11/12/2012 09:55  SL Trailed: 5935
11/12/2012 12:20  SL Triggered, Trend: Negative, SL: 5960
11/12/2012 13:00  SL Trailed: 5944

11/12/2012 13:20  SL Trailed: 5936
11/12/2012 13:40  SL Trailed: 5926

11/12/2012 13:45  SL Trailed: 5904
11/12/2012 14:45  SL Trailed: 5896
11/12/2012 15:10  SL Triggered, Trend: Positive, SL: 5868
11/12/2012 15:25  SL Trailed: 5878

Nifty Trades for 10/12/2012

10/12/2012 09:00  Trend: Negative, SL: 5919

Nifty Trades for 07/12/2012

07/12/2012 09:00  Trend: Positive, SL: 5912
07/12/2012 13:15  SL Triggered, Trend: Negative, SL: 5934
07/12/2012 14:05  SL Trailed: 5932
07/12/2012 15:20  SL Trailed: 5919

Nifty Trades for 06/12/2012

06/12/2012 09:00  Trend: Positive, SL: 5891
06/12/2012 09:20  SL Triggered, Trend: Negative, SL: 5915
06/12/2012 09:25  SL Trailed: 5902
06/12/2012 09:35  SL Trailed: 5880
06/12/2012 11:00  SL Trailed: 5872
06/12/2012 14:15  SL Triggered, Trend: Positive, SL: 5853
06/12/2012 14:55  SL Trailed: 5875
06/12/2012 15:05  SL Trailed: 5905
06/12/2012 15:20  SL Trailed: 5912

Nifty Trades for 05/12/2012

05/12/2012 09:00  Trend: Positive, SL: 5867
05/12/2012 09:20  SL Trailed: 5891

Nifty Trades for 04/12/2012

04/12/2012 09:00  Trend: Negative, SL: 5887
04/12/2012 15:05  SL Triggered, Trend: Positive, SL: 5863
04/12/2012 15:10  SL Trailed: 5867

Nifty Trades for 03/12/2012

03/12/2012 09:00  Trend: Positive, SL: 5857
03/12/2012 09:25  SL Trailed: 5866
03/12/2012 10:05  SL Triggered, Trend: Negative, SL: 5891
03/12/2012 11:05  SL Trailed: 5887

Nifty Trades for 30/11/2012

30/11/2012 09:00  Trend: Positive, SL: 5808
30/11/2012 09:20  SL Trailed: 5840
30/11/2012 10:25  SL Triggered, Trend: Negative, SL: 5862
30/11/2012 10:40  SL Trailed: 5857

30/11/2012 10:50  SL Trailed: 5853
30/11/2012 11:35  SL Triggered, Trend: Positive, SL: 5828
30/11/2012 12:15  SL Trailed: 5849
30/11/2012 14:20  SL Trailed: 5853

30/11/2012 14:30  SL Trailed: 5857

Nifty Trades for 29/11/2012

29/11/2012 09:00  Trend: Positive, SL: 5708
29/11/2012 09:20  SL Trailed: 5733
29/11/2012 09:55  SL Trailed: 5762
29/11/2012 10:40  SL Trailed: 5769
29/11/2012 11:40  SL Trailed: 5774
29/11/2012 12:35  SL Trailed: 5779
29/11/2012 15:10  SL Trailed: 5808

Nifty Trades for 27/11/2012

27/11/2012 09:00  Trend: Positive, SL: 5622
27/11/2012 09:30  SL Trailed: 5660
27/11/2012 09:40  SL Trailed: 5670
27/11/2012 10:05  SL Trailed: 5675
27/11/2012 10:20  SL Trailed: 5677
27/11/2012 10:55  SL Trailed: 5685
27/11/2012 13:10  SL Trailed: 5689
27/11/2012 14:45  SL Trailed: 5696
27/11/2012 15:10  SL Trailed: 5708

Nifty Trades for 26/11/2012

26/11/2012 09:00  Trend: Positive, SL: 5606
26/11/2012 09:20  SL Trailed: 5622

Intraday Trades for 23/11/2012

23/11/2012 10:30  Buy HCLTECH near 631.25-633, Target: 641.5, SL: 627.5
23/11/2012 10:30  (Trade in low Qty.)
23/11/2012 10:35  SL Trailed: 628.5
23/11/2012 14:15  SL Trailed: 633.25
23/11/2012 15:20  Book profits near 636.5
23/11/2012 15:20  (Positional Traders may hold part of it a couple of days for more gains.)

Nifty Trades for 23/11/2012

23/11/2012 09:00  Trend: Positive, SL: 5612
23/11/2012 12:35  SL Triggered, Trend Negative, SL: 5630
23/11/2012 12:45  SL Trailed: 5625
23/11/2012 13:40  SL Trailed: 5620
23/11/2012 15:05  SL Triggered, Trend: Positive, SL: 5602
23/11/2012 15:10  SL Trailed: 5606

Nifty Trades for 22/11/2012

22/11/2012 09:00  Trend: Positive, SL: 5593
22/11/2012 12:15  SL Triggered, Trend: Negative, SL: 5635
22/11/2012 13:50  SL Triggered, Trend: Positive, SL: 5612

Nifty Trades for 21/11/2012

21/11/2012 09:00  Trend: Negative, SL: 5575
21/11/2012 10:05  SL Triggered, Exit Shorts, Trend: Positive

Nifty Trades for 20/11/2012

20/11/2012 09:00  Trend: Negative, Targets: 5548, 5534, SL Trailed: 5577
20/11/2012 09:40  SL Triggered, Exit Shorts, Trend: Positive
20/11/2012 13:25  SL Triggered, Exit Longs, Trend: Negative
20/11/2012 13:30  Downside Targets: 5556, 5543, SL: 5595
20/11/2012 13:35  SL Trailed: 5587
20/11/2012 14:25  Target 1 Hit, Book Part Profits, SL Trailed: 5582
20/11/2012 14:35  SL Trailed: 5575

Nifty Trades for 19/11/2012

19/11/2012 09:00  Trend: Negative

19/11/2012 09:30  Trend: Positive

19/11/2012 09:50  Trend: Negative, Targets: 5548, 5534, SL: 5587
19/11/2012 13:55  SL Trailed: 5577

Intraday Trades for 16/11/2012

16/11/2012 10:40  Buy BHARTIARTL near 296.5-297.45, Targets: 300, 302, SL: 294.5
16/11/2012 10:40  (Trade in low Qty.)
16/11/2012 11:05  Target 1 Hit, Book part profits, SL Trailed: 296.25
16/11/2012 13:50  Target 2 Hit, Book Profits, May hold a small part till EOD with Trailing SL

16/11/2012 13:50  SL Trailed: 298.5
16/11/2012 13:55  SL Trailed: 299
16/11/2012 15:20  Book remaining profits near 302

Nifty Trades for 16/11/2012

16/11/2012 09:00  Trend: Positive
16/11/2012 14:40  SL Triggered, Exit Longs, Trend: Negative
16/11/2012 14:50  Downside Targets: 5607, 5595, SL: 5644
16/11/2012 15:00  Targets Hit.
16/11/2012 15:05  Next Targets: 5577, 5565, SL: 5615
16/11/2012 15:15  Targets Hit. Book Profits. SL Trailed: 5600

Intraday Trades for 15/11/2012

15/11/2012 10:40 Sell ITC near 279-278.25, Target: 275, SL: 280.50
15/11/2012 10:40 (Trade in low Qty.)
15/11/2012 14:15 SL Trailed: 279.70
15/11/2012 14:30 SL Trailed: 279.40
15/11/2012 15:15 Book Profits near 276.35 as momentum looks weak.

Nifty Trades for 15/11/2012

15/11/2012 09:00  Trend: Negative
15/11/2012 10:10  Sell Nifty near 5629-5622, Targets: 5604, 5591, SL: 5642
15/11/2012 10:10  (Trade in low Qty.)
15/11/2012 11:50  SL Trailed: 5639
15/11/2012 13:30  Target 1 Hit, Book Major Part Profits (Momentum looks weak)
15/11/2012 13:30  Next Target: 5591, SL Trailed: 5629 (May keep SL for remaining at cost)
15/11/2012 15:05 SL Triggered, Exit remaining shorts, Trend: Positive

Nifty Trades for 13/11/2012

13/11/2012 15:30  Trend: Negative

Nifty Trades for 12/11/2012

(I may not be available online today.)

12/11/2012 09:00  Trend: Negative

12/11/2012 09:40  SL Triggered, Exit Shorts, Trend: Positive

12/11/2012 11:20  SL Triggered, Exit Longs, Trend: Negative

Intraday Trades for 09/11/2012

09/11/2012 10:30  Buy DLF near 215.8-216.5, Target: 219.85, SL: 214.25
09/11/2012 10:30 (Trade in low quantity)
09/11/2012 12:50 SL Triggered, Exit Trade

Nifty Trades for 09/11/2012

(I may not be available online today.)

09/11/2012 09:00  Trend: Positive
09/11/2012 12:25  SL Triggered, Exit Longs, Trend: Negative

Nifty Trades for 08/11/2012

08/11/2012 09:00  Trend: Positive
08/11/2012 09:00  Bought Nifty near 5704-5710, Targets: 5785, 5795, SL Trailed: 5751
08/11/2012 09:45  SL Triggered, Book profits in Longs, Trend: Negative
08/11/2012 12:20  Risk Trade: Sell Nifty near 5729, Targets: 5712, 5700, SL: 5749
08/11/2012 12:20  Low risk Traders may avoid trade or keep SL at 5739
08/11/2012 12:35  SL Trailed: 5744
08/11/2012 12:45  SL Trailed: 5741
08/11/2012 14:35  Low risk Traders may exit trade near 5738, May re-enter trade below 5729
08/11/2012 15:25  SL Triggered, Exit Shorts, Trend: Positive

Intraday Trades for 07/11/2012

07/11/2012 11:00  Buy MCDOWELL-N near 1264-1270, Target: 1300, SL: 1250
07/11/2012 11:00  (Trade in small qty.)
07/11/2012 13:50  SL Trailed: 1265
07/11/2012 15:05  Target Hit, Book Part Profits, Next Target: 1312, SL Trailed: 1279
07/11/2012 15:20  Book full profits at 1302

Nifty Trades for 07/11/2012

07/11/2012 09:00  Trend: Positive
07/11/2012 09:00  Bought Nifty near 5704-5710, Target: 5739, SL Trailed: 5704
07/11/2012 09:40  SL Trailed: 5711
07/11/2012 09:45  Target Hit, Book Part Profits, Hold Rest with Trailing SL
07/11/2012 09:45  Next Targets: 5751, 5759
07/11/2012 09:55  Target Hit, Next Target: 5759, SL Trailed: 5726
07/11/2012 10:00  Next Targets: 5759, 5774 (Major Resistance)
07/11/2012 10:45  Target Hit, Next Target: 5774
07/11/2012 12:00  SL Trailed: 5736
07/11/2012 12:05  SL Trailed: 5737
07/11/2012 12:10  SL Trailed: 5739

07/11/2012 12:15  SL Trailed: 5740
07/11/2012 12:30  SL Trailed: 5747
07/11/2012 13:05  Target Hit, Next Targets: 5789, 5795
07/11/2012 13:10  SL Trailed: 5751

Intraday Trades for 06/11/2012

06/11/2012 10:55  Buy PNB near 757-760, Target: 770, SL: 753
06/11/2012 15:15 Exit near cost.

Nifty trades for 06/11/2012

06/11/2012 09:00  Trend: Negative
06/11/2012 09:00  Sold Nifty near 5696-5690, Target: 5661, SL: 5709
06/11/2012 10:15  SL Triggered, Exit shorts, Trend: Positive
06/11/2012 10:25  Buy nifty near 5704-5710, Target: 5739, SL: 5691
06/11/2012 15:10  SL Trailed: 5700
06/11/2012 15:15  SL Trailed: 5703

06/11/2012 15:20  SL Trailed: 5704

Intraday Trades for 05/11/2012

05/11/2012 10:45  Buy DRREDDY near 1802-1805, Target: 1822, SL: 1794
05/11/2012 11:00  SL Trailed: 1797.5
05/11/2012 15:00  SL Triggered. Exit Trade.

Nifty Trades for 05/11/2012

05/11/2012 09:00  Trend: Positive
05/11/2012 09:00  Bought Nifty near 5601-5608, Next Targets: 5722, 5730, 5732, SL Trailed: 5685
05/11/2012 13:25  SL Triggered, book Profits in Longs, Trend: Neagative
05/11/2012 13:30  Sell Nifty near 5696-5690, Target: 5661, SL: 5709

Launch of Intraday Trades

We will be launching the Intraday Trades on Equity from 5th of November 2012. The Intraday trades would be initiated between 10:30AM to 11:00AM. The Intraday trades would be selected after confirming major breakouts and seeing the momentum of select scrips. The trades may likely surpass the swing targets and close at day high or day low. However, we would advice to book part profit at the First target level. We would also be having a trailing SL which would be our exit levels for the trade any time it is breached during the day.

Please Note: Intraday Trade Calls would be advised only if we see a major breakout during the morning trading session in select large cap scrips.

Example:
01/11/2012 11:00  Buy BAJAJ-AUTO near 1824-1828, Target: 1848, SL: 1815
01/11/2012 11:55  SL Trailed: 1820
01/11/2012 12:05  Target Hit, Book Part profits, Hold the rest with Trailing SL
01/11/2012 12:10  Next Targets: 1853, 1863, SL Trailed: 1831
01/11/2012 15:30  Target Hit, Book Full Profits.

Nifty Trades for 02/11/2012

02/11/2012 09:00  Trend: Positive
02/11/2012 09:00  Bought Nifty near 5601-5608, Next Targets: 5645, 5659, 5667, SL trailed: 5618
02/11/2012 09:20  Targets Hit, Next Target: 5722, SL Trailed: 5670
02/11/2012 12:30  SL Trailed: 5680
02/11/2012 12:50  Next Targets: 5722, 5730, 5732, SL Trailed: 5682
02/11/2012 13:30  SL Trailed: 5685

Nifty Trades for 01/11/2012

01/11/2012 09:00  Trend: Positive
01/11/2012 09:00  Bought Nifty near 5601-5608, Target: 5641, SL trailed: 5590
01/11/2012 11:55  SL Trailied: 5605
01/11/2012 13:50  Target Hit, Book Part Profits, Hold rest with Trailing SL.
01/11/2012 13:50  Next Targets: 5645, 5659, 5667
01/11/2012 13:55  SL Trailed: 5614
01/11/2012 14:40  Target 5645 Hit, SL Trailed: 5618

Nifty Trades for 31/10/2012

31/10 09:15  Trend: Negative
31/10 09:15  Sold at 5645/5638, SL Trailed: 5620, Next Targets: 5577, 5569, 5564
31/10 09:45  SL Trailed: 5614, Next Targets: 5577, 5569, 5564, 5558
31/10 14:25  SL Triggered. Book profits in Shorts. Trend: Positive
31/10 14:30  Buy Nifty near 5601-5608, Target: 5641, SL: 5586
31/10 14:30  Caution: Positive Momentum Weak, Avoid Trade or Trade in very low Qty.
31/10 14:45  SL Trailed: 5590.