Nifty Trades for 19/11/2012

50 Comments
19/11/2012 09:00  Trend: Negative
19/11/2012 09:30  Trend: Positive
19/11/2012 09:50  Trend: Negative, Targets: 5548, 5534, SL: 5587
19/11/2012 13:55  SL Trailed: 5577


  1. Good morning sunijil,

    How are you now?.....Sir..can we intitiate any positional call?

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    Replies
    1. Good Morning Neelima, I'm fine now. No positional call as yet.

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  2. Good Morning Sunil Rao,
    Kindly do take good care of your health ..Please visit webmd.com and check out on things you want to know .
    Have a nice day ,
    [I have not begun trading nifty yet !]
    Gitanjali.

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    Replies
    1. Good Morning Gitanjali. Thanks. Have a nice day you too.

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  3. Good Morning Sunil.

    Good to see you back. We missed u in the morning.
    "Der se aiye Duursth aye".

    Have a good day!

    I'm Holding SBI 2150CE NOV-12 @ 28, please advise. (It was bad entry, with very few days to expiry, usually it is not my style, gosh emotional trading such a bad thing .... ), Please share your thoughts.

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    Replies
    1. Good Morning Mahender, Sorry had power failure in the morning. SBI overall looks weak. Try to exit CE on any rise.

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  4. Hi SR,
    GM Sir,
    Any call to enter Nifty

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    Replies
    1. GM Krishna. Can go short on Nifty for intraday targets of 5548, 5534 keeping SL at 5587

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    2. Sir,
      European Shares Called to Open Higher on ‘Fiscal Cliff’ Deal Hopes
      The FTSE [.FTSE 5605.59 -72.16 (-1.27%) ] is called up 44 points at 5,650, the German Dax [.GDAXI 6950.53 -92.89 (-1.32%) ] up 72 points at 7,023 and the French CAC [.FCHI 3341.52 --- UNCH ] up 32 points at 3,374.
      What is the SL of Downside Nifty?

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  5. Hi Sunil..What level do u suggest entering positional shorts in Bharti Airtel?

    Thanks
    Raghavnedra

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    Replies
    1. Hi raghu, Don't go short on Bharti as yet. It has given a positive breakout. Can go long on dips

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  6. hi
    SR SIR
    is ther any intraday call for cash market

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  7. Hi Sunil...ur views on Tata Chemicals?

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    Replies
    1. Hi Amit, Sorry, Not tracking Tata chems online.

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  8. hi Sunil sir,

    holding Bharti Airtel around 303..
    pls suggest what levels can we see in near term...

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    Replies
    1. Hi Sandeep, Has some resistance near 309. Above which can see 323.

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    2. thanks Sunil sir,
      holding 310CE around 303 levels..pls give me SL

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  9. GA SIR, AT WHAT LEVEL SHOULD I INITIATE SHORT FOR TODAY?

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    Replies
    1. GA Sadev, Can initiate shorts near 5573-5567 keeping 5587 as SL. Trade in low qty. as we may see a pullback rally later today.

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    2. nice level sir booked profit at 5551.00..shorted from 5572.00
      spot. appreciate your guidance..

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    3. Nice to know you booked profits. :) Most Welcome.

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    4. GA SIR, WILL IT BE POSSIBLE FOR YOU TO GIVE US POSITIONAL CALL ON NIFTY OPTIONS WHICH U USED TO GIVE.(I WAS TOLD BY MY FRIEND ARJUN WHO RECOMMENDED ME TO THIS WEBSITE).THANKS.

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  10. Hi Sunil,

    Holding futures of Pantaloon and Sintex. Please suggest the Sl for these. Lost 12.5 K today in Tata Global long.

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    Replies
    1. Hi Rajesh, Both Pantaloon and Sintex look weak. Avoid holding long positions in them. Exit on any rise.

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  11. GA Sir...
    Nifty seems to have taken a support at 5550...still the trend is negative?

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    Replies
    1. GA Aabha, Overall trend is still negative. We will need to wait for confirmation which support holds good for Nifty.

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    2. ok sir, thank you. Hope we get a clear trend soon...How doeas reliance look? Can go for 780 ce?

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    3. Most Welcome. Overall looks weak. Has support near 760, may see a pull back to 787. I generally do not recommend to trade on pullbacks and corrections, but if you want to play on the pullback, keep strict SL at 760

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  12. Sunilji,

    Can i go for nifty 5900 DEC CE@ 16 to 16.25?

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    Replies
    1. Hi Neelima, Don't go long as yet. Wait for my next positional long call on Nifty.

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    2. OK sure sir....but i am waiting for that past two weeks......:)

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    3. When trading in options, one must always consider momentum and decay. We need to wait for momentum to be low or momentum to be high in the reverse direction to enter an option and sell when momentum goes high in our favourable direction.

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    4. agreed sir, But i am unable to trade in intraday as i am useing ICICI direct, i have to give 106+tax....So i am avoiding maximum trades....I opened a zerodha account and its active now (today). Just waiting to trigger the account once your tip received.

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    5. Glad to know you opened an account with Zerodha. Always trade in options in positional calls and trade in cash or futures or ITM options in intraday. Never convert your intraday trades to positional trades.

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  13. sir, can i hold nifty shorted at 5572 or square off sir

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  14. sunil sir,

    holding Bharti Airetl 310CE..
    shall i hold till tomorrow or should i exit..

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    Replies
    1. Book part today. May see some profit booking or consolidation tomorrow.

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  15. Hi sunil sir,
    can i get some idea on how can i trade in options using indications of autochannels given above.
    I mean which strike options should i buy when shud i exit out of it. SL is future or spot levels.
    can i take any ce or pe but follow the levels given to exit.
    your suggestions.. dnt have enuf margins to trade in futures and would do when i get enuf profits :) hope i can.

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    Replies
    1. Hi Shiv, For intraday, trade strictly on ITM options. All are Nifty spot prices. For positional calls, trade on OTM options for better risk/reward ratio.

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