Nifty Trades for 31/10/2012

Oct 31, 2012 9:00 AM
49 Comments
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.


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  1. raviiOctober 31, 2012 at 9:21 AM

    Hello SR,

    GM..Can i go for nifty PE ?

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 9:32 AM

      GM, Yes, can enter a PE on rise with SL above 5620 on Nifty.

      Delete
  2. ParitoshOctober 31, 2012 at 9:29 AM

    Good morning Sunil, can you suggest the ideal spot levels to go short?

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 9:33 AM

      Good Morning, Near 5610-5603

      Delete
    2. ParitoshOctober 31, 2012 at 9:37 AM

      Thanks a lot... squared off everything yesterday... want to make fresh entry

      Delete
  3. SUNIL KUMAR A KOctober 31, 2012 at 9:41 AM

    Hi good morning SR, Good work,,

    ReplyDelete
  4. anupOctober 31, 2012 at 9:50 AM

    Hi Sunil..... What is the target for shorts??... Is it 5522??

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 9:52 AM

      Hi Anup, Major support near 5569, Breaking below it can see 5522

      Delete
  5. ParitoshOctober 31, 2012 at 10:07 AM

    Sunil, what are the best indicators to see the 5 min chart to predict a short time movement... Currently following MACD, ROI and Fast Stochastic which are called the three musketeers. Are the OK for the nifty as well, or can you suggest the best ones. I am scalping for 6-10 points movement

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 10:10 AM

      Hi Paritosh, 6-10 points are too small targets for 5-min charts. Go with 1-min charts for such small targets. You may follow any combination of indicators you feel comfortable with.

      Delete
    2. ParitoshOctober 31, 2012 at 10:20 AM

      Agreed, but its fine for scalping, not doing swing trading :)

      I am assuming you approve of the indicators I told you.. thanks for the tip on the i-min chart...

      you are a great help as usual

      Delete
    3. UnknownOctober 31, 2012 at 10:26 AM

      The indicators are fine. Most Welcome

      Delete
  6. sureshOctober 31, 2012 at 10:29 AM

    Hi Sunil, good morning.
    holding nifty 5600pe @ 80. now trade around 72. hold it. what stoploss should i keep . thanks

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 10:34 AM

      Good Morning Suresh, As of now, 5614-15 forms a strong resistance, We will exit shorts, if this level is breached.

      Delete
  7. PriyankaOctober 31, 2012 at 10:35 AM

    Hi Sunil,

    Nifty showing some strength today?
    Likely to rise past 5630 ?

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 10:40 AM

      Hi Priyanka, If Nifty manages to break above 5615 levels, can test 5640 level.

      Delete
    2. UnknownOctober 31, 2012 at 10:43 AM

      As per hourly charts, Nifty has been consolidating between 5595-5615 levels for last 6 hours. Let's see which side it breaks out.

      Delete
    3. PriyankaOctober 31, 2012 at 10:47 AM

      Thanks Sunil

      Delete
  8. SUNIL KUMAR A KOctober 31, 2012 at 10:51 AM

    Taking huge shorts @ 5608,, hope for the best

    ReplyDelete
  9. raviiOctober 31, 2012 at 11:50 AM

    Hello SR,

    Shall i go for 5600 put now..

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 11:55 AM

      Hi ravii, Enter Puts on rise or wait for break below 5569.

      Delete
  10. SUNIL KUMAR A KOctober 31, 2012 at 12:15 PM

    Note my words friends today nifty test 5570 sure.....

    ReplyDelete
    Replies
    1. PriyankaOctober 31, 2012 at 2:50 PM

      Hi Sunil888,

      Hope you escaped without loss from huge shorts.

      Delete
    2. Mahender Reddy PulakandlaOctober 31, 2012 at 3:17 PM

      more 10+ mins to go .... All the best.
      save some capital for 2omorrow. :)

      Delete
  11. UnknownOctober 31, 2012 at 2:22 PM

    GA SR sir...Looks like Nifty very very range bound today...What levels can we see at closing?

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 2:35 PM

      GA Aabha, Not sure as yet. Seems some recovery coming in

      Delete
    2. UnknownOctober 31, 2012 at 2:46 PM

      Gr8...if that happens i can exit my longs today at cost or hold for further upmove? Is it the impact of good results by LIC?

      Delete
    3. UnknownOctober 31, 2012 at 2:48 PM

      It's likely a reactive bounce after the major fall yesterday.

      Delete
    4. UnknownOctober 31, 2012 at 3:14 PM

      if its just a reactive bounce, i think its better to exit longs near to my cost....You are expecting a further fall after a small upmove...Right? Or better to hold on to these longs till Diwali?

      Delete
    5. UnknownOctober 31, 2012 at 3:20 PM

      Some more fall is expected . Exit longs on rise. May re-enter the same at lower levels, if planning to hold till Diwali.

      Delete
    6. UnknownOctober 31, 2012 at 3:31 PM

      Ok, sirjee...will try to exit at cost or else will keep holding. Thank you so much for your guidance!

      Delete
    7. UnknownOctober 31, 2012 at 3:33 PM

      Most Welcome.

      Delete
  12. Mahender Reddy PulakandlaOctober 31, 2012 at 2:44 PM

    Good Afternoon Sunil.
    I was running late today. :)

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 2:49 PM

      Good Afternoon Mahy :) No issues. Not much action today either.

      Delete
  13. ShivOctober 31, 2012 at 2:48 PM

    GA sir. holding 5500PE small loss shud i exit or wait pls suggest

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 2:52 PM

      If intraday, can exit. If Positional, can hold with a SL of 5645.

      Delete
  14. Nagaraj HegdeOctober 31, 2012 at 3:02 PM

    Sir, what about Hindalco?

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 3:11 PM

      Is near strong resistance of 117. If it breaks above it, Can see some more upmove. If it closes below it, Can be shorted tomorrow unless it gaps up above 117.

      Delete
  15. raviiOctober 31, 2012 at 3:53 PM

    Hello SR,

    Can i go for Tata motors call

    ReplyDelete
    Replies
    1. UnknownOctober 31, 2012 at 4:18 PM

      Hi Ravii, Dont go long on Tata Motors. It has given a major breakdown today. Can go short on it on rise.

      Delete
  16. raviiOctober 31, 2012 at 4:43 PM

    Hello SR,

    Sure..thank you ..

    ReplyDelete
  17. Nagaraj HegdeOctober 31, 2012 at 7:53 PM

    Sir, Good eve. From when will you be giving positional stock option calls?

    ReplyDelete
  18. UnknownOctober 31, 2012 at 10:41 PM

    Good evening,

    Positional trading or intraday trading, which is good to play on nifty?. I am planning to open zerodha account from next tuesday onwards, so that i can go with bulk orders.

    ReplyDelete
    Replies
    1. UnknownNovember 1, 2012 at 9:06 AM

      Good Morning Neelima, You may play on any or both. For positional, Trade in Options. For Intraday, Trade in Futures.

      Delete
  19. RajeshNovember 1, 2012 at 8:18 AM

    Sir,

    I have sent you a mail too. The last 6 months I had lost around 3.5 lacks. I am planning to start off again witha minimal sum to atleast recover some of the losses. How do you think I should start. Should I trade in F&O and the index as suggested by you. In terms of swing calls should I take it in F&O . What's the minimal capital I should start with.

    ReplyDelete
    Replies
    1. UnknownNovember 1, 2012 at 9:08 AM

      Hi Rajesh, I will check the mail later during the day today and reply back.

      Delete

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