Nifty trades for 06/11/2012

Nov 6, 2012 9:00 AM
74 Comments
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


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  1. UnknownNovember 6, 2012 at 9:07 AM

    Good morning Sir, I am holding 10 lots of 5600 put should i exit all of them @ 5561 or half?

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 9:13 AM

      Good Morning, Book for now near 5661. Can add again after US elections.

      Delete
    2. UnknownNovember 6, 2012 at 9:27 AM

      Thanks sir, i will hold

      Delete
    3. UnknownNovember 6, 2012 at 9:32 AM

      Most Welcome.

      Delete
    4. UnknownNovember 6, 2012 at 9:38 AM

      Hi Imran! What target are you keeping for our 5600 pe? I think i will be exiting near 35....Better safe than sorry. We can't hold for tommorow...US Results are too risky...

      Delete
    5. UnknownNovember 6, 2012 at 10:16 AM

      yes,i will exit if today nifty comes near 5661, if it didn't come then profit or loss i will exit eod

      Delete
    6. UnknownNovember 6, 2012 at 10:20 AM

      Hi Aabha, i exit the short, now @ 30, just 20 paise loss, :)

      Because SR sir, mention to SL Triggered

      Delete
    7. UnknownNovember 6, 2012 at 10:25 AM

      me too at a very small loss..
      Have you entered longs or waiting for dip?

      Delete
  2. Mahender Reddy PulakandlaNovember 6, 2012 at 9:12 AM

    Good Morning Sunil.

    Holding Calls 6000CE Dec-12.

    Have a good day.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 9:14 AM

      Good Morning, Keep a SL below 5651 for now.

      Delete
    2. Mahender Reddy PulakandlaNovember 6, 2012 at 9:44 AM

      Thank you Sunil.

      waiting for Intraday Trade.... :)

      have fun

      Delete
    3. UnknownNovember 6, 2012 at 9:45 AM

      Most Welcome :)

      Delete
    4. Mahender Reddy PulakandlaNovember 6, 2012 at 1:41 PM

      Hi Sunil,

      I've sold 6000CE Dec-12 with nominal profits.

      What are the levels to watch out on nifty, to go long or short? please suggest. (FYI : I usually trade options whose life is more than 30+ days).

      Thanks.
      Mahender

      Delete
  3. UnknownNovember 6, 2012 at 9:19 AM

    Good Morning Sir...

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    Replies
    1. UnknownNovember 6, 2012 at 9:22 AM

      Good Morning Aabha :)

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    2. UnknownNovember 6, 2012 at 9:25 AM

      Looks like we did well by holding those short...Thank you for saving me from that big loss yesterday!

      Delete
    3. UnknownNovember 6, 2012 at 9:33 AM

      Most Welcome.

      Delete
    4. UnknownNovember 6, 2012 at 10:12 AM

      Trend seems positive today...

      Delete
    5. UnknownNovember 6, 2012 at 10:23 AM

      Look at that, i exited my shorts and then nifty fell...

      Delete
  4. karthikNovember 6, 2012 at 9:57 AM

    Good morning sunilji. Holding apollotyre 90ce @ 2.5, now it is 1.5. Shal i hold r exit?

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 10:10 AM

      Good Morning Karthik, Not sure about it. Can let you know about it after trading hours.

      Delete
    2. karthikNovember 6, 2012 at 10:26 AM

      Thank u sunil!

      Delete
  5. VijendraNovember 6, 2012 at 9:59 AM

    Hi sunilji


    Stoploss hit 5709......trend positive ?

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 10:05 AM

      needs to stay there for five minutes...Then it will be a breakout.

      Delete
    2. UnknownNovember 6, 2012 at 10:12 AM

      The 5-min bar needs to close above the SL level to confirm a trend reversal. Till then it advisable to hold the trade.

      Delete
  6. VijendraNovember 6, 2012 at 10:08 AM

    Ok.......thanks aabha.

    ReplyDelete
  7. UnknownNovember 6, 2012 at 10:12 AM

    Hi SR,
    GM.......the rate of change of Nifty > than that of rate of change of 5600pe

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 10:29 AM

      GM, hmmm... Nifty is more valatile than its futures.

      Delete
    2. UnknownNovember 6, 2012 at 10:32 AM

      thanks for explanation

      Delete
    3. UnknownNovember 6, 2012 at 10:45 AM

      Nifty Fut is static in spite of changes of Nifty Spot

      Delete
  8. UnknownNovember 6, 2012 at 10:24 AM

    Hi SR sir, i can enter 5800 call now, what level nifty call see today on positive side?

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 10:29 AM

      Hi Imran, Yes, 5739

      Delete
    2. UnknownNovember 6, 2012 at 10:31 AM

      So do we exit longs at 5739?

      Delete
    3. UnknownNovember 6, 2012 at 10:33 AM

      Thanks Sir, brought 5 lots 5800 call @57.50

      Delete
    4. UnknownNovember 6, 2012 at 10:41 AM

      i bought 10 at 56...but looks like markets are goin to be very volatile today...

      Delete
    5. UnknownNovember 6, 2012 at 10:43 AM

      yes thats why i brought 5 lots its enough we will trade after US elections.

      Delete
    6. UnknownNovember 6, 2012 at 10:50 AM

      Where do you plan to exit?

      Delete
    7. UnknownNovember 6, 2012 at 10:51 AM

      i will exit if comes near 65

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    8. UnknownNovember 6, 2012 at 10:51 AM

      today its better not to take more risk

      Delete
    9. UnknownNovember 6, 2012 at 10:53 AM

      Aabha, just see 6000 CE is more then 50% up when nifty is only 11 points up

      Delete
    10. UnknownNovember 6, 2012 at 10:53 AM

      right...65 is still a good target. Lets see...Hope we recover the loss in puts..

      Delete
    11. UnknownNovember 6, 2012 at 11:00 AM

      Yes, more buying interest on calls than puts...same had happened yesterday...puts moved very slowly and calls were running even when Nifty was not moving up much...

      Delete
    12. UnknownNovember 6, 2012 at 11:02 AM

      yes, hope today we will get some profits :)

      Delete
    13. UnknownNovember 6, 2012 at 11:04 AM

      I know, haved booked profit on monday...

      Delete
  9. UnknownNovember 6, 2012 at 10:51 AM

    sir
    where is sl

    ReplyDelete
  10. UnknownNovember 6, 2012 at 10:56 AM

    thanks

    ReplyDelete
  11. SUNIL KUMAR A KNovember 6, 2012 at 11:05 AM

    Hi SR sir please don't give call everyday, i think no indicator is correct in these volatile mkt, so if u give call in this volatile mkt it effects ur performance,i think ur site grows like money control site in fut 5 years, please give calls in trendy r range bound mkt.

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 11:20 AM

      Hi Sunil, Calls on Nifty are based on 5-min charts. Calls may or may not be entered as per individual. But, it is always advised to trade with limited quantity with strict SL.

      Delete
  12. UnknownNovember 6, 2012 at 12:08 PM

    Good afternoon sir,

    Can i go long in SBI, its breaked 2165 twice today....Pls suggest....Also if yes, shall i go with NOV or DEC series?

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 12:13 PM

      Good Afternoon, Its trying to breakout and momentum seems good. can enter in small qty and add more if it sustains above it.

      Delete
    2. UnknownNovember 6, 2012 at 12:20 PM

      This comment has been removed by the author.

      Delete
    3. UnknownNovember 6, 2012 at 12:31 PM

      This comment has been removed by the author.

      Delete
  13. UnknownNovember 6, 2012 at 1:02 PM

    HI Sir, can we hold the calls or exit?

    ReplyDelete
  14. UnknownNovember 6, 2012 at 1:17 PM

    Sorry power failure. Just came online.

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 1:34 PM

      Sir, if we don't reach buy cost for our calls today, do you suggest a hold positionally? Given the volatality surrounding the US elections?

      Delete
    2. UnknownNovember 6, 2012 at 2:07 PM

      Would advise to reduce qty before close.

      Delete
    3. UnknownNovember 6, 2012 at 2:09 PM

      Technically, Nifty has given a major breakout on the hourly charts, and good to enter calls in the range of 5665-5692 for positional targets of 5767 and 5821.

      Delete
    4. UnknownNovember 6, 2012 at 2:11 PM

      ok sir...will do that.

      Delete
    5. UnknownNovember 6, 2012 at 2:37 PM

      Thanks Sir, i have only 5 lots

      Delete
    6. UnknownNovember 6, 2012 at 3:44 PM

      Sir exited part of my calls at todays high of 62.5...had put order for full, but luckily only part got executed before closing...Hope to see some good rally tommorow.

      Have recovered entire loss in puts and also made a small profit by booking part at 62.5.

      Delete
  15. AmitviratNovember 6, 2012 at 2:21 PM

    Hi Sunil still some downside left in bajaj auto or it will be up after this small dip?

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 2:23 PM

      Hi Amit, Would advise to book profits for now. Can re-enter if it breaks below 1833.

      Delete
    2. AmitviratNovember 6, 2012 at 2:24 PM

      This comment has been removed by the author.

      Delete
    3. UnknownNovember 6, 2012 at 2:52 PM

      Would advise exit.

      Delete
  16. UnknownNovember 6, 2012 at 2:50 PM

    Hi SR sir, where do you think nifty will close today?

    ReplyDelete
  17. UnknownNovember 6, 2012 at 3:26 PM

    Hi SR,
    Thanks
    Loss in Nifty Fut Compensated in 5800ce @ 50/-
    Plus holding 5800ce for tomorrow with SL 5703.

    ReplyDelete
    Replies
    1. UnknownNovember 6, 2012 at 3:28 PM

      Most Welcome. Keep qty of options low. Nifty F&O is already trading at a higher premium.

      Delete
    2. UnknownNovember 6, 2012 at 3:32 PM

      Thanks
      holding 2 lots only

      Delete
  18. UnknownNovember 6, 2012 at 10:52 PM

    SR ji,

    Holding Holding 5800 Nov CE 2 lots)@ 61
    2. Holding Tata motor 250 NOV PE@ 3.9 (1 lot)
    3. Holding SBI 2200 NOV CE @ 59 (1 Lot)

    Pls suggest the stop loss and target for these. Thanks in advance.

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 8:44 AM

      Hi neelima, 5800CE, can see 5767, 5821, SL 5676. For, Tatamotors, wait till its results on 9th. SBI can see 2216, 2263, SL 2127

      Delete

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