Nifty Trades for 23/11/2012

36 Comments
23/11/2012 09:00  Trend: Positive, SL: 5612
23/11/2012 12:35  SL Triggered, Trend Negative, SL: 5630
23/11/2012 12:45  SL Trailed: 5625
23/11/2012 13:40  SL Trailed: 5620
23/11/2012 15:05  SL Triggered, Trend: Positive, SL: 5602
23/11/2012 15:10  SL Trailed: 5606


  1. Good morning Sunil.
    What are the suggested support and resistence for NIFTY? please share.

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    Replies
    1. Good Morning Mahender, Currently Support at 5612, Resistance at 5665

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    2. What are the intraday support/resistence levels for SBI and Lupin?

      These days I don't see any intraday picks from you, I love to check them out and try.

      Thank you Sunil.

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    3. SBIN nearest Resistance/support: 2115/2080. Lupin nearest Resistance/Support: 566/556. Not finding any major breakouts in any of the large cap stocks. Waiting for one.

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    4. Okay.
      Thank you!

      Happy trading to you and all.

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  2. good morning sir
    no call for intraday in cash market ?

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    Replies
    1. Good Morning Pravin, Waiting for a breakout in any of the large cap stocks.

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  3. Hi SR,
    GM, Pl.post the Nifty chart with illustration from time to time

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    Replies
    1. GM Krishna, Will post technical charts of Nifty with positional call once Nifty breaks out of this range.

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    2. Thank you sir,
      Will eagerly waiting for that

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    3. Shorted Nifty keeping SL 5620

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  4. hi SR,

    shall i short nifty with stop loss of 5650 or buy nity with stop loss of 5612 or wait

    pls. advice
    thanks

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  5. Sir If nifty breaks 5612 on downside , can we buy DEC 5400 PUT .

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  6. Hi SR sir, what is your positional call on nifty with stop loss?

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  7. Hi Vibhor, No positional call as yet. Lets wait for Nifty to break below 5585 or above 5670.

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  8. ok sir.. If nifty breaks below 5585, then what will be the next target for nifty?

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  9. Europe market is falling down still Nifty is too strong

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    Replies
    1. If Nifty manages to close above 5605, we may see some upmove tomorrow.

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    2. But would like Nifty to close above 5618 for confirmation.

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    3. after sq off, i'm holding nifty @5610, 2 lots
      should i hold for next session?

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    4. Nifty closing looks good. Can hold it with a SL of 5605 for targets of 5672, 5709.

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  10. HI Sunil,

    Your view on Axis Bank.. Holding long at 1269 in futures

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    Replies
    1. Hi Rajesh, Hold it with SL at 1244 (spot), can see 1279, 1291 once it manages to break above 1260.

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  11. Hai Sunil ji...
    I am using sharekhan for cash market and Zerodha for options.. in sharekhan terminal there is graph facility... but i am not utilizing that... my broker also not able to tell that...
    by following you i came to know that for positional trades hourly chart is suitable... am i right ? if yes how to setup hourly chart in my terminal.. means time frame extra... will you explain... please...

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  12. Hai Sunil ji.. sorry... happy weekend...

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