Nifty Trades for 30/11/2012

Nov 30, 2012 9:00 AM
56 Comments
30/11/2012 09:00  Trend: Positive, SL: 5808
30/11/2012 09:20  SL Trailed: 5840
30/11/2012 10:25  SL Triggered, Trend: Negative, SL: 5862
30/11/2012 10:40  SL Trailed: 5857
30/11/2012 10:50  SL Trailed: 5853
30/11/2012 11:35  SL Triggered, Trend: Positive, SL: 5828
30/11/2012 12:15  SL Trailed: 5849
30/11/2012 14:20  SL Trailed: 5853
30/11/2012 14:30  SL Trailed: 5857



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  1. Mahender Reddy PulakandlaNovember 30, 2012 at 9:25 AM

    Good Morning Sunil.

    Any Ideas for this expiry?

    Good Day.

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 9:31 AM

      Good Morning Mahender, As of now seeing Option Data, maximum OI at 6000CE and 5600PE, indicates Nifty may test 5980-6000 levels on the higher side and then may remain within 5600-6000 range.

      Delete
    2. Mahender Reddy PulakandlaNovember 30, 2012 at 9:37 AM

      Okay Sunil, Thanks for sharing.

      This is what my understanding based on what you shared.
      -> enter PE's around 5950/6000?
      -> enter CE's on dips at 5650/5700?

      What do you suggest based on that Data? Please share you views?

      Delete
    3. UnknownNovember 30, 2012 at 9:54 AM

      Most Welcome. Exactly, That should be the strategies for DEC.

      Delete
    4. Mahender Reddy PulakandlaNovember 30, 2012 at 9:59 AM

      Thanks a lot Sunil.

      2150CE Nov-12, expired Worthless :(
      Those are part of the Trading.

      What are you views on SBI , can you provide Support/Resistence for Dec Expiry?

      I'm holding 2200CE Dec@47.

      Have a good day.

      Delete
    5. UnknownNovember 30, 2012 at 10:03 AM

      Hi SR,
      Good Morning,
      That strategies are ok but we'll have wait for the breakout on either side.
      By that time will it be advisable to enter Nifty strangle
      buying 6000CE & 5600PE at a slight correction of Nifty 5800.
      Thanks

      Delete
    6. UnknownNovember 30, 2012 at 10:20 AM

      Most Welcome Mahender, That was indeed bad luck. SBI gave a breakout today above 2145, can see 2211, 2259. Support currently near 2075.

      Good Morning Krishna, Long Strangle would not be advisable, but you may enter a short strangle on the same.

      Delete
    7. UnknownNovember 30, 2012 at 10:27 AM

      Hi SR,
      Sir, will you pl. clear the short strangle of which nifty options?
      Thanks

      Delete
    8. UnknownNovember 30, 2012 at 10:53 AM

      Hi Krishna, Short strangle is when you short sell 6000CE and 5600PE instead of buying them. If Nifty expires within the range, we profit the entire premium as both will expire zero. However please note option selling also known as option writing is a high risk activity and should only be traded with expert supervision.

      Delete
    9. Mahender Reddy PulakandlaNovember 30, 2012 at 11:04 AM

      Thanks a lot Sunil on SBI information.

      Happy Trading!

      Delete
  2. UnknownNovember 30, 2012 at 9:40 AM

    Hello Sir,
    Do you think Nifty will come down a little bit from today's high before moving up further? I am looking for an entry point for 6000ce. Thanks.

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 9:57 AM

      As of now Nifty is finding support near 5840.

      Delete
  3. SAINovember 30, 2012 at 9:58 AM

    Good Morning Sunilji.

    ReplyDelete
  4. SAINovember 30, 2012 at 10:10 AM

    Can i enter 5900 CE near 5840

    ReplyDelete
  5. UnknownNovember 30, 2012 at 10:53 AM

    Good Morning Sunil Rao ,
    Have a nice day!
    Gitanjali

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 10:57 AM

      Good Morning Gitanjali, Thanks and wish you the same. :)

      Delete
  6. Chitrang DalalNovember 30, 2012 at 11:12 AM

    can i enter 5800pe intraday?

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 11:14 AM

      Avoid entering PE for intraday. We may likely see a range bound session today.

      Delete
  7. UnknownNovember 30, 2012 at 11:15 AM

    Hi SR,
    Thank you very much for your explanation of Short Nifty Strangle.

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 11:41 AM

      Hi Krishna, Most Welcome.

      Delete
    2. UnknownNovember 30, 2012 at 1:02 PM

      Hi SR,
      Overall, if the Nifty is in positive trend mood and likely to touch the expected target e.g 6000 from 5800-5840, then Long Nifty strangle would be effective & profitable.
      Otherwise in selling/correction mood from the top e.g. from 6000-6050 to touch a target of 5800, the short strangle will be applied.Is it ok sir?

      Delete
  8. UnknownNovember 30, 2012 at 11:56 AM

    Sir can we buy 1 or 2 lots of 5700 PE , when Nifty reaches around 5900 .

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 12:13 PM

      Enter PE higher near 5980.

      Delete
    2. UnknownNovember 30, 2012 at 12:14 PM

      Sir shall we enter 5700 PE or 5800 PE near 5980 .

      Delete
    3. UnknownNovember 30, 2012 at 12:19 PM

      Will let you know seeing option OI data when we reach near it.

      Delete
  9. UnknownNovember 30, 2012 at 12:21 PM

    Ok sir , thanks .

    ReplyDelete
  10. Mahender Reddy PulakandlaNovember 30, 2012 at 1:01 PM

    Hello Sunil,

    I'm holding 2200CE@45
    Can I exit SBI 2200CE for today and Can I get in later on Dips?
    What are your thoughts on that?

    Please share you views?

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 1:15 PM

      Hi Mahender, Looks Strong. Book part profits near 2183-85 and hold rest with Trailing SL at 2162.

      Delete
  11. UnknownNovember 30, 2012 at 2:11 PM

    GA Sir...How are you?
    What are you views on JP associates?
    Holding 1 lot of 105 ce...keep it positional?

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 2:43 PM

      GA Aabha, Looks good. Can keep it positional. Book Profits near 99.5

      Delete
    2. UnknownNovember 30, 2012 at 3:24 PM

      Thank you sir. The positional call on Nifty is based on risk return ration in 5900 put?

      Delete
  12. UnknownNovember 30, 2012 at 2:31 PM

    Hi, Holding GMR INfra 17.50 CE ... what should be target and stop loss?

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaNovember 30, 2012 at 2:35 PM

      Hi, At what price did u enter?

      Delete
    2. UnknownNovember 30, 2012 at 2:59 PM

      1.40

      Delete
    3. UnknownNovember 30, 2012 at 3:07 PM

      Hi Rohit, Sorry, Unable to locate that scrip on my software. Will tell you about it later.

      Delete
    4. UnknownNovember 30, 2012 at 3:09 PM

      OK..Positional: Buy Nifty Futures and Nifty DEC 5900PE at CMP of 5915 and 76 respectively. Target: 5950 (Spot). WHAT IS THE PROFIT POTENTIAL?

      Delete
  13. UnknownNovember 30, 2012 at 2:46 PM

    Positional: Buy Nifty Futures and Nifty DEC 5900PE at CMP of 5915 and 76 respectively. Target: 5950 (Spot).

    ReplyDelete
  14. UnknownNovember 30, 2012 at 3:05 PM

    GA SIR IS IT ADVISABLE TO ENTER SBIN 2250CE?

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 3:09 PM

      GA Arjun, May enter on dips for targets of 2211, 2259

      Delete
  15. YOUSUFNovember 30, 2012 at 3:09 PM

    sir,ur trial SL 5857 IS VERY GOOD.IT IS TOUCHED 5856.95 IN INTRADAY LOW THEN 20 PTS UP AGAIN, I APPRECTE U

    THANKU

    ReplyDelete
  16. MaheshNovember 30, 2012 at 3:13 PM

    Hai Sunil ji... Good Afternoon...
    I am not trading Futures.. So. as per u r call.. may i enter in options... if yes, then which one to enter ? please suggest...

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 3:25 PM

      Hi Mahesh, Can enter 6000CE on dips. The Positional Call given is a hedged call. So we need not worry even if Nifty goes down.

      Delete
  17. MaheshNovember 30, 2012 at 3:18 PM

    Hai Sunil Ji.. want to enter sbin 2350 CE.. is it ok, or wait till monday ?

    ReplyDelete
  18. ParitoshNovember 30, 2012 at 3:25 PM

    Hi Sunil, why have you recommended a strangle and not a normal position?

    ReplyDelete
    Replies
    1. UnknownNovember 30, 2012 at 3:30 PM

      Hi Paritosh, Its a hedged call. We need not bother about downside as the SL would be deeper near 5800

      Delete
    2. ParitoshNovember 30, 2012 at 3:40 PM

      Alright... already holding 5700PE (in small loss). What shall I do, use them to hedge my calls or exit on dips on Sunday and take your call, if hedging with current positon, in what ratio? Thanks as always!!

      Delete
    3. UnknownNovember 30, 2012 at 3:53 PM

      Hi Paritosh, Try to exit PE on dips. Do not hedge options with options as they both may decay down to zero if markets remain range bound. Nifty has given a major breakout on weekly charts and is set to head to 5976 and 6450 very soon. But the confirmation of the breakout would be to sustain above 5815 another week. So better to enter hedged futures to enjoy good profits if Nifty breaks out into a bull run.

      Delete
  19. UnknownNovember 30, 2012 at 5:20 PM

    Sir can we buy 5900 PE (1 lot) and 6000 CE (4 lots) . Or it should be 1:1 ratio . Please advice the ratio .

    ReplyDelete

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