Nifty Trades for 15/11/2012

44 Comments
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


  1. Hello Sunil,

    Good Morning...If nifty trades below 5630 for another 15 mins..can i go for put tgt of 5600-5580?

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    Replies
    1. Good Morning Ravii, Yes, can enter a put for target of 5591 in that case.

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  2. Hi SR
    Good Morning
    What are the SL & Tgts of Nifty today

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    1. Good Morning Krishna, On the downside, target is 5591, SL is 5642

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    2. This comment has been removed by the author.

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    3. Hi SR
      Booked 2K profit for 2 lots only.
      Thanks

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  3. GM Sir...Looks like Diwali is not good for Nifty...I am holding 5800ce at a huge loss right now. Do you see Nifty doing well later in the month before expiry?

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    1. GM Aabha, Right. Nifty has given a major breakdown on hourly charts today. Would advice to add some puts on rise. Downside Targets: 5569, 5515

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    2. I don't have any capital left to hedge my calls...:-(
      But i can keep holding these calls till expiry if needed. Do you see Nifty rising later in the month?

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    3. Not sure as yet. Nifty looks weak below 5660.

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    4. ok sir...thank you...looks like i will just have to wait till i see some bounce in NIfty...my calls are already at 10 from 54...can't exit now anyway...

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    5. Sir, if i keep holding these calls till expiry, is there a chance of exiting at leat at cost?

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    6. Hi Aabha, Not sure as yet. Options are a very risk game. Please do not over expose your capital in a single trade. I always advise not to expose more than 5% of your capital in a single trade. As of now, Nifty has given a major breakdown below 5660, and has resistances near 5642-5670. Would advise to exit longs if we see a pullback to these levels and may initiate fresh shorts at these levels for downside targets of 5569, 5515.

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  4. SR,
    can i enter Nifty 5500 pe now.

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  5. Dear SR,
    Nice to see you back in good health...
    Robotguy

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  6. GM SR sir.. Any fresh calls on equity or index for short term?.. can i buy jindal steel for 20% gain in a month?

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    Replies
    1. GM, index call is already posted. Don't enter Jindal Steel as yet.

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  7. Good Morning Sunilji. How is yr health now?

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  8. GM Sunil.. Hw is ur health?? Hw was ur diwali??

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    Replies
    1. GM Amit, I'm fine now. Diwali was good. How was yours?

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    2. seeing the markets going down it was good..now its etter.. :)

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    3. whats the probable downside for SBI, ICICI, LT and RIL?

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    4. SBI can see 2106, ICICI can see 1024, LT can see 1574-1580, RIL has support near 780, below which can see 763.

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  9. hi Sunil Sir,

    holding 1800CE of United Sprits around 1825 levels...
    pls suggest when to exit...

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    Replies
    1. Hi Sandeep, already replied in the Intraday section.

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  10. Replies
    1. Downward momentum is not strong, avoid entering PE as of now. Can enter a PE on a pullback rally.

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  11. HI Sunil Rao and everyone here ..
    Have a nice day!!
    Gitanjali.

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  12. Hi SR sir, I have booked the profit in 5600 pe as per your instruction. I have 5800 ce @33. Can i average the call @cmp

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    Replies
    1. Hi Vibhor, Nice to know that :) Not sure of averaging CE now. Would advice to exit CE, if we see a short covering rally towards end of session.

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  13. ok sir, thanks for your kind support. Sir, why don't you start positional calls on nifty and stocks. It will be much beneficial for us.:)

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    Replies
    1. Most Welcome. Was planning to start positional calls from this week, but could not make the necessary changes on the site due to my illness. Most likely, we should see the new section for positional trades on Monday.

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    2. ohh.. Get well soon sir. I will pray for you. Without you we face difficulties in trading(nifty). Now you are the need of us. And we will wait for monday for your positional call.. Thanks again!!

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    3. Thanks. I was down with fever last week. But I'm good now.

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  14. GA SIR, HOW ARE YOU? HOPE U R WELL AND GOOD.

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    Replies
    1. GA Arjun, I'm fine now. Thanks. Hope you are doing good as well.

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