Nifty Trades for 21/11/2012

Nov 21, 2012 9:00 AM
40 Comments
21/11/2012 09:00  Trend: Negative, SL: 5575
21/11/2012 10:05  SL Triggered, Exit Shorts, Trend: Positive


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  1. UnknownNovember 21, 2012 at 9:39 AM

    Good morning ji,
    Can i buy 5500 PE now?

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 9:52 AM

      Good Morning Neelima, Wait for Nifty to break below 5542 before making fresh shorts as Nifty is getting good support near 5550 levels.

      Delete
  2. Mahender Reddy PulakandlaNovember 21, 2012 at 9:39 AM

    Good morning Sunil.

    ReplyDelete
  3. SAINovember 21, 2012 at 9:47 AM

    GOOD MORNING JI

    ReplyDelete
  4. UnknownNovember 21, 2012 at 9:51 AM

    Hi SR,
    GM

    ReplyDelete
  5. UnknownNovember 21, 2012 at 9:53 AM

    GM Karthik :)

    ReplyDelete
  6. UnknownNovember 21, 2012 at 10:05 AM

    GM again Karthik :)

    ReplyDelete
  7. UnknownNovember 21, 2012 at 10:14 AM

    Hi,Goodmorning Sunilji..Any positional option call?

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 10:18 AM

      Good Morning Rohit, Not yet. Still waiting for a breakout.

      Delete
    2. UnknownNovember 21, 2012 at 10:25 AM

      Holding apollo tyres @ 85 (100 shares)... shall i average it now.. or wait form some more downside...Thanks in advance..

      Delete
    3. UnknownNovember 21, 2012 at 11:11 AM

      Sorry, do nor track this scrip online. Will let you know about it in the evening.

      Delete
  8. RajeshNovember 21, 2012 at 11:03 AM

    HI Sunil,

    When can we take a 5700 call

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 11:18 AM

      Hi Rajesh, Avoid taking long positions below 5613.

      Delete
  9. UnknownNovember 21, 2012 at 11:34 AM

    Hi SRji,
    Can i buy 5500PE @cmp keeping SL 5613 spot

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 11:53 AM

      Hi Krishna, It may be risky to enter 5500PE as we have limited sessions before expiry and Nifty has failed to break below 5550 twice. However if you enter PE on rise, keep SL above 5670 on hourly closing basis.

      Delete
    2. UnknownNovember 21, 2012 at 11:57 AM

      Thanks for your advice
      But what about nifty straddle,time decay a factor indeed

      Delete
  10. UnknownNovember 21, 2012 at 11:42 AM

    Hi SRji,
    Right now was it suitable for
    Long Straddle Nifty
    Buy 5700CE & Buy 5500PE till expiry

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 11:56 AM

      Hi Krishna, Long strangle in Nifty is not advisable, however you may go for a short strangle in Nifty till expiry.

      Delete
  11. Sandeep CANovember 21, 2012 at 11:50 AM

    hi Sunil sir,

    holding ICICI 1040CE around 1026 levels...
    pls suggest levels for ICICI today
    when should i exit

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 11:57 AM

      Hi Sandeep, Has resistance near 1045. Would advise to book profits for now.

      Delete
  12. karthikNovember 21, 2012 at 12:04 PM

    Gm sunilji!

    ReplyDelete
  13. Sandeep CANovember 21, 2012 at 12:33 PM

    hi Sunil sir,

    pls give your view on BhartiAirtel...
    holding 310CE around 309..couldnt exit yesterday...
    what levels can it see today

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 12:45 PM

      Hi Sandeep, Keep SL below current day's low on spot for now and try to exit on rise. It failed to sustain above 309 levels.

      Delete
  14. UnknownNovember 21, 2012 at 2:23 PM

    Sir can we buy DEC 6000 Call , with SL of 5550 (Closing basis).

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 2:40 PM

      Hi Sonu, Wait for now for a breakout above 5669 to enter positional long trades.

      Delete
  15. raviiNovember 21, 2012 at 2:32 PM

    Hello Sunil,

    Hope you are doing good !!!

    Holding some of the SBI calls..but it is not giving any bounce.can i hedge with puts or exit?

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 2:45 PM

      Hi Ravii, I'm doing good. Hope the same with you. Overall looks weak. It is near strong support levels of 2040-50. Try to exit on a pullback.

      Delete
  16. MaheshNovember 21, 2012 at 2:43 PM

    Hai Sunil ji... Good afternoon...
    Nifty not able to cross 5613.. can we enter puts at this point by keeping stoploss at 5670 ?

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 3:21 PM

      Hi Mahesh, Avoid taking risk on puts for now. Seems, we might see expiry between 5600-5650

      Delete
  17. AmitviratNovember 21, 2012 at 2:48 PM

    Hi SUnil.. Is JP Assoc looking weak on ur charts?

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 3:23 PM

      Hi Amit, Overall is in a phase of consolidation.

      Delete
  18. Sandeep CANovember 21, 2012 at 3:18 PM

    hi Sunil sir,

    holding ICICI 1040CE around 1036 levels and
    Nifty 5600CE around 5590 levels...

    should i hold or exit...

    ReplyDelete
    Replies
    1. UnknownNovember 21, 2012 at 3:25 PM

      Hi Sandeep, Book profits for now. Profits always better in profit than on table. :)

      Delete
    2. UnknownNovember 21, 2012 at 3:31 PM

      Profits always better in pocket than on table. :)

      Delete
  19. RadhakrishnanNovember 21, 2012 at 6:05 PM

    Hi SR,
    What kind of pattern currently on Nifty chart? Is this three waves? Please clarify. Also, what would be the trend till this month end? Thank you.

    ReplyDelete
  20. UnknownNovember 22, 2012 at 9:05 AM

    Hi Radhakrishnan, Nifty is hovering near the trendline. We may need to wait and watch 1-2 days to see whether Nifty breaks or bounces from the trendline.

    ReplyDelete

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