Nifty Trades for 07/11/2012

Nov 7, 2012 9:00 AM
67 Comments
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


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  1. UnknownNovember 7, 2012 at 9:19 AM

    GM Karthik :)

    ReplyDelete
  2. UnknownNovember 7, 2012 at 9:23 AM

    GM Sir...Nifty looks weak again...Hedge calls with puts?

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 9:27 AM

      GM, Hedge below 5695

      Delete
    2. UnknownNovember 7, 2012 at 9:30 AM

      ok sir...but then sl for our calls will be triggered at 5704...

      Delete
    3. UnknownNovember 7, 2012 at 9:33 AM

      yes, but weakness will only start below the previous swing low at 5695.

      Delete
    4. UnknownNovember 7, 2012 at 9:45 AM

      Whoa...the trend long again...Should have added a few calls when we had taken a dip...Missed the opportunity!

      Delete
    5. UnknownNovember 7, 2012 at 9:48 AM

      Can i add some more calls here?

      Delete
    6. UnknownNovember 7, 2012 at 9:54 AM

      Can add on a dip.

      Delete
    7. UnknownNovember 7, 2012 at 10:53 AM

      Thank you spo much sir!

      Delete
    8. UnknownNovember 7, 2012 at 1:01 PM

      Can i book half my calls at 5773?

      Delete
  3. UnknownNovember 7, 2012 at 9:35 AM


    Good morning SR sir,

    I am still holding 5800 call, please advise should i exit or hold?

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 9:41 AM

      Book part near 5739-40

      Delete
    2. UnknownNovember 7, 2012 at 9:45 AM

      exit 3 lots 63. holding remaining 2 lots

      Delete
    3. UnknownNovember 7, 2012 at 9:47 AM

      GM, Nice :)

      Delete
    4. UnknownNovember 7, 2012 at 10:00 AM

      thanks sir, should i exit other 2 lots and hold for more targets

      Delete
    5. UnknownNovember 7, 2012 at 10:06 AM

      Hold for now, book near 5774.

      Delete
    6. UnknownNovember 7, 2012 at 1:52 PM

      Thanks sir i exit 2 lots @78, thanks u nice profits in this trade, now i dont have any call options should i buy back again now 5800 call is trading @74

      Delete
  4. UnknownNovember 7, 2012 at 9:39 AM

    Hi SRji, GM
    Would u pl update the Target & Trailing SL
    seems Nifty to go a long way

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 9:43 AM

      GM, Will update as Nifty moves up.

      Delete
    2. UnknownNovember 7, 2012 at 10:14 AM

      will wait for next tgt in & around 5774

      Delete
    3. UnknownNovember 7, 2012 at 12:12 PM

      Hi SR
      Can i expect the tgt of 5800CE as 87/100

      Delete
    4. UnknownNovember 7, 2012 at 12:19 PM

      Not sure as yet.

      Delete
    5. UnknownNovember 7, 2012 at 1:31 PM

      Hi SR,
      Exited the last lot 5800CE at 79.50
      Very happy & great thanks to u

      Delete
    6. UnknownNovember 7, 2012 at 1:35 PM

      Nice :) Most Welcome.

      Delete
    7. UnknownNovember 7, 2012 at 1:39 PM

      whats your view on Nifty right now
      waiting for your next call
      rgds

      Delete
    8. UnknownNovember 7, 2012 at 1:41 PM

      downside movement in European mkt

      Delete
  5. Sandeep CANovember 7, 2012 at 10:02 AM

    Sunil Sir,

    holding 5800CE and BankNifty 11700CE...
    should i exit around 5759 or shall i hold

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 10:06 AM

      GM, Book part for now and hold rest for 5774.

      Delete
  6. UnknownNovember 7, 2012 at 10:17 AM

    GM SIR, THIS IS ARJUN..CAME TO KNOW ABOUT YOUR WEBSITE TODAY HENCE MISSED ALL THE OPPORTUNITY..JUST WANTED TO ASK WHEATHER IT IS ADVISABLE TO ENTER AT CURRENT POSITION OR TILL WHAT LEVEL SHOULD I WAIT TO ENTER THIS CALL..THANKS

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 10:28 AM

      GM Arjun, Welcome. Its best to enter after a channel break. As of now you may enter in small qty near 5738-5744 for target of 5774 keeping SL at breach of 5726

      Delete
    2. UnknownNovember 7, 2012 at 10:32 AM

      thank u sir appreciate your effort..can i recommend this website to few of my friends if you have no objections.

      Delete
    3. UnknownNovember 7, 2012 at 10:41 AM

      Most Welcome. Thanks for your kind comments. Sure, You are most welcome to recommend the website to your friends

      Delete
  7. Mahender Reddy PulakandlaNovember 7, 2012 at 11:03 AM

    Good Morning Sunil.

    I guess the Missed the oppurtunity yesterday and today (by selling my long calls yesterday) :(

    Got lot of work to do .. today.
    Have a good day to u all.

    Happy Trading folks.

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 11:16 AM

      GM Mahendar, No issues as long as you made profits :) Have a good day you too. Take Care!

      Delete
  8. UnknownNovember 7, 2012 at 11:59 AM

    Sunilji,
    Any views on tatamotors for intraday please..

    ReplyDelete
  9. UnknownNovember 7, 2012 at 12:29 PM

    One small query, Is it possible to set the SL in nifty futures based on the Spot price?

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 12:33 PM

      All are spot prices.

      Delete
    2. UnknownNovember 7, 2012 at 12:44 PM

      So u mean we need to update the stop loss in futures manually each time based on the change in spot prices?

      Delete
    3. UnknownNovember 7, 2012 at 12:56 PM

      OK
      Thank you

      Delete
  10. YOUSUFNovember 7, 2012 at 1:35 PM

    sir if you possible pls give the level of future instead of spot.

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 2:13 PM

      Futures and options are derivatives of the spot. They may trade in premium or discount as per market sentiments and premium and discounts vary every few minutes. So always better to watch spot and trade in F&O disregarding the premium or discount.

      Delete
  11. UnknownNovember 7, 2012 at 1:52 PM

    SR ji,

    Can i buy infosys 2450 nov CE at current rate?. What will be the stoploss and target expected in this series?

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 2:18 PM

      Avoid entering it, Strong resistances near 2420-30 levels.

      Delete
    2. UnknownNovember 7, 2012 at 2:18 PM

      sir ji, awaiting your confirmation to proceed further

      Delete
    3. UnknownNovember 7, 2012 at 2:28 PM

      ok.... Can i buy both 5700 PE & 5900 CE of equel lots?

      Delete
  12. RajeshNovember 7, 2012 at 2:06 PM

    Hi SR,

    Can I enter the bank NIFTY 12000 Call now

    ReplyDelete
  13. anupNovember 7, 2012 at 2:10 PM

    Sunilji... want to enter nifty call... wen can i enter

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 2:16 PM

      Enter after Nifty breaks above 5774-76 levels

      Delete
  14. RajeshNovember 7, 2012 at 2:19 PM

    Thanks SR.. Where is the support and resistance for the Bank NIFTY. Will you suggest to enter the NIFTY or Bank NIFTY call now.

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 2:23 PM

      Enter them only after Nifty breaks above 5774-76 levels.

      Delete
  15. UnknownNovember 7, 2012 at 2:59 PM

    Sunil sir, I am holding apollo tyre 85 ce @ 3.35. Should i hold it or exit now?

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 3:14 PM

      Hi Vibhor, Sorry, do not track that scrip online. Can let you know later in the evening about it. Kindly post a query in the queries section in the evening.

      Delete
    2. UnknownNovember 7, 2012 at 3:15 PM

      ok sir.. Thanks for your support. You are a hero of stock market...!!!

      Delete
  16. Janardhan IyerNovember 7, 2012 at 3:00 PM

    Hi Sunil - Do you recommend taking any fresh NIFTY positions ?

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 3:13 PM

      Hey Jana, Nice to see you here. Give me a buzz sometime buddy :) No fresh positions in Nifty as of now.

      Delete
  17. UnknownNovember 7, 2012 at 3:16 PM

    ok.... Can i buy both 5700 PE & 5900 CE of equel lots?

    ReplyDelete
    Replies
    1. UnknownNovember 7, 2012 at 3:25 PM

      Avoid for now. Can enter a CE after break of 5774, which may likely test 5821-25 levels.

      Delete
  18. UnknownNovember 7, 2012 at 3:31 PM

    Ok...sure, i will wait...thank you sir

    ReplyDelete
  19. UnknownNovember 7, 2012 at 4:13 PM

    sir
    5800 ce/ 5900 ce nov series
    which one is better for targeting 5821/5825
    regards

    ReplyDelete
    Replies
    1. UnknownNovember 8, 2012 at 8:56 AM

      5800CE would give more gains above 5800 whereas 5900CE would have lesser risk. For traders with more risk appetite may go with 5800CE.

      Delete
  20. UnknownNovember 8, 2012 at 9:05 AM

    Good morning Sir, where should i exit 5600 put i have 10 lots, please advise

    ReplyDelete
    Replies
    1. UnknownNovember 8, 2012 at 9:10 AM

      Good Morning, Has strong support at 5725. If broken will let you know of lower targets.

      Delete

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