Nifty Trades for 30/10/2012

Oct 30, 2012 9:15 AM
73 Comments
30/10 09:15  Trend: Negative, Sell at: 5672-5666, Target: 5635, SL: 5673
30/10 10:20  SL Triggered. Exit Short Positions
30/10 10:20  Trend: Positive
30/10 10:25  Buy at 5665-5672, Target: 5703, SL: 5651
30/10 10:30  SL Trailed: 5659
30/10 11:05  SL Trggered. Exit Long Positions
30/10 11:05  Trend: Negative
30/10 11:10  Sell at 5645/5638, Target 5605, SL: 5660
30/10 11:20  SL Trailed: 5646
30/10 11:35  Target Hit, Book Part profits, Hold Rest with Trailing SL
30/10 11:35  Next Target: 5591
30/10 11:40  SL Trailed: 5633, Next Targets: 5591, 5577
30/10 11:50  SL Trailed: 5625, Next Targets: 5591, 5577, 5569 (Major Support)
30/10 14:45  Target Hit, Next Targets 5577, 5569 (Major Support), Hold Trade
30/10 14:50  Sl Trailed: 5620, Next Targets: 5577, 5569, 5564
30/10 15:15  Trade is still a hold. Intraday traders may book profits.


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  1. Mahender Reddy PulakandlaOctober 30, 2012 at 9:20 AM

    Good Morning Sunil...

    ReplyDelete
  2. UnknownOctober 30, 2012 at 9:28 AM

    Good Morning sir! won't the nifty trend depend upon RBI policy today?

    ReplyDelete
  3. UnknownOctober 30, 2012 at 9:29 AM

    Good Morning sir! won't the nifty trend depend upon RBI policy today?

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 9:34 AM

      Good Morning Aabha, Yes, RBI Policy outcome may have a major impact on the markets. Avoid trading before that or else trade in low qty.

      Delete
  4. sureshOctober 30, 2012 at 9:31 AM

    Hi Sunil,

    can i send nifty current price

    ReplyDelete
  5. sureshOctober 30, 2012 at 9:32 AM

    Sunil,

    Can i sell nifty current price?

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 9:36 AM

      Hi Suresh, Its a carry forward of yesterday's trade. And with RBI Policy outcome about to come today, would advise to avoid trading before that or else trade in very low qty.

      Delete
  6. UnknownOctober 30, 2012 at 9:48 AM

    Hi SR GM

    ReplyDelete
  7. Sandeep CAOctober 30, 2012 at 9:50 AM

    hi Sunil sir,

    i am holding ICICI Bank 1100CE..
    should i exit now and re-enter after RBI policy announcement

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 9:54 AM

      Hi Sandeep, Hold it for, may see good volatility just before RBI outcome. Can exit on rise then.

      Delete
  8. SUNIL KUMAR A KOctober 30, 2012 at 9:52 AM

    HI GM to all, my view nifty today test 5600, BHEL may test 218

    ReplyDelete
  9. vipinOctober 30, 2012 at 9:52 AM

    Hi gudmorning

    ReplyDelete
  10. SAIOctober 30, 2012 at 10:04 AM

    GOOD MORNING FROM SAI.

    ReplyDelete
  11. ParitoshOctober 30, 2012 at 10:25 AM

    SL triggered in the morning... bad start... hopefully there will be a better end to the day :)

    Sunil, what are the levels for the new positive trend?

    ReplyDelete
  12. UnknownOctober 30, 2012 at 10:27 AM

    Good Morning Sir,
    Volatile,risky trend

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 10:29 AM

      Yes, Avoid trading till RBI Outcome or trade in small qty.

      Delete
    2. UnknownOctober 30, 2012 at 10:34 AM

      At what time RBI outcome is expected to come

      Delete
    3. UnknownOctober 30, 2012 at 10:37 AM

      Its generally announced at 11:00am

      Delete
  13. ParitoshOctober 30, 2012 at 11:09 AM

    What a day... SL triggered twice... volatality due to RBI policy, CRR cut by 25 basis, everything else remains same... what a day :(

    ReplyDelete
  14. UnknownOctober 30, 2012 at 11:25 AM

    Can I enter pe fr few points trade?

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 11:44 AM

      Can Enter a PE on any 10-15 point rise on Nifty. Following the Trailing SL

      Delete
  15. Sandeep CAOctober 30, 2012 at 12:12 PM

    hi SR,

    can i short Nifty now..shall i enter 5600PE

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 12:18 PM

      yes, can short in the range of 5610-5603 following the trailing SL

      Delete
  16. ParitoshOctober 30, 2012 at 12:17 PM

    Sunil,

    I was not able to enter the last negetive wave, now you have trailed the SL to 5625. Can you tell me the trend reversal level along with entry level at this time?

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 12:21 PM

      The SL itself is the trend reversal level, Can short near 5610-5603 with the same SL. Downward momentum likely to remain strong as we gave a range breakdown today

      Delete
  17. UnknownOctober 30, 2012 at 1:24 PM

    oho missed tht awsome fall today! can i enter now or just wait out till tommrow?

    ReplyDelete
  18. UnknownOctober 30, 2012 at 1:30 PM

    Hi Sir,

    I exited my long yesterday itself, now thinking to go long again as nifty is near support levels, please suggest

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 1:50 PM

      Dont go long as yet, Nifty has broke a major range downwards, can see lower levels in days to come.

      Delete
    2. SAIOctober 30, 2012 at 1:50 PM

      I think further downside is possible. Just wait for SR to reply

      Delete
    3. UnknownOctober 30, 2012 at 2:12 PM

      Thanks sir, then i will exit call option now, i am in small profits, then i will enter puts on 10 points raise

      Delete
  19. SAIOctober 30, 2012 at 1:46 PM

    Sir, GA Shall i wait for 5577 to exit PE

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 1:51 PM

      If you have booked part profits then can hold the rest for target of 5569

      Delete
    2. SAIOctober 30, 2012 at 1:58 PM

      yes :) ok will hold

      Delete
  20. Sandeep CAOctober 30, 2012 at 1:50 PM

    hi SR sir,

    i guess Nifty has made low for the day..can we consider going long for 20-30 points

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 1:52 PM

      Could be risky going long as of now.

      Delete
    2. Sandeep CAOctober 30, 2012 at 1:56 PM

      but European markets and US Futures are strong
      for today Nifty low is in place i guess...will short around 5630-40 levels again..

      Delete
    3. UnknownOctober 30, 2012 at 2:06 PM

      Nifty would be facing strong selling pressure on any rise and may likely make a new low before day end. Nifty has strong resistance near 5625.

      Delete
    4. UnknownOctober 30, 2012 at 2:08 PM

      Nifty futures have already shed about 8-10 points premium since morning. Heavy Qty selling orders are placed on Nifty futures.

      Delete
    5. UnknownOctober 30, 2012 at 2:45 PM

      can i enter a nifty short at these levels now?

      Delete
    6. UnknownOctober 30, 2012 at 2:50 PM

      Avoid fresh entry now

      Delete
    7. UnknownOctober 30, 2012 at 2:53 PM

      ok sir..then will wait till tommorow...

      Delete
    8. UnknownOctober 30, 2012 at 2:55 PM

      ok

      Delete
  21. raviiOctober 30, 2012 at 3:18 PM

    Hello SR how are you

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 3:21 PM

      Hi Ravii, I'm good. Hope the same for you. ;)

      Delete
  22. raviiOctober 30, 2012 at 3:20 PM

    This comment has been removed by the author.

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 3:26 PM

      Nifty had major support at 5617. Closing below it indicates a breakdown. Next major support at 5569.

      Delete
  23. raviiOctober 30, 2012 at 3:25 PM

    Hello SR,

    Please confirm..is it big breakdown on nifty or just on effect of RBI

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 3:27 PM

      Already replied above. :)

      Delete
    2. UnknownOctober 30, 2012 at 3:36 PM

      Below 5569, Next major support is near 5522 which is also the region where the trend line may likely meet. And if held may likely give a bounce or else break down to start a fresh down trend.

      Delete
    3. raviiOctober 30, 2012 at 3:45 PM

      Thank you :)

      Delete
    4. UnknownOctober 30, 2012 at 5:08 PM

      Most Welcome :)

      Delete
  24. SAIOctober 30, 2012 at 3:45 PM

    Hi SR Thanks for the days support. TC Bye

    ReplyDelete
  25. SUNIL KUMAR A KOctober 30, 2012 at 5:16 PM

    Great work sir....

    ReplyDelete
  26. Nagaraj HegdeOctober 30, 2012 at 9:05 PM

    Good evening. How are you? Good to see this new blog. Hope we can change our loss making trading culture by following this. :-)

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 9:17 PM

      Good Evening :) I'm Fine and hope the same for you. Thanks. Sure. The sole idea behind AutoChannels is to minimise losses and let profits run. All the best for our trades on Nifty.

      Delete
  27. Nagaraj HegdeOctober 30, 2012 at 9:23 PM

    Thank you sir.

    ReplyDelete
  28. PriyankaOctober 30, 2012 at 10:37 PM

    Hi Sunil,

    Where do you see nifty tomorrow?
    Thanks.

    ReplyDelete
    Replies
    1. UnknownOctober 30, 2012 at 10:56 PM

      Hi Priyanka, Likely be in the range of 5569-5620

      Delete
  29. UnknownOctober 31, 2012 at 1:14 AM

    Hi sir,

    Just trying to post messages from last 2 days and unable to post.

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 8:51 AM

      Hi Neelima, Nice to see you after a long time. :)

      Delete

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