Nifty Trades for 06/12/2012

Dec 6, 2012 9:00 AM
80 Comments
06/12/2012 09:00  Trend: Positive, SL: 5891
06/12/2012 09:20  SL Triggered, Trend: Negative, SL: 5915
06/12/2012 09:25  SL Trailed: 5902
06/12/2012 09:35  SL Trailed: 5880
06/12/2012 11:00  SL Trailed: 5872
06/12/2012 14:15  SL Triggered, Trend: Positive, SL: 5853
06/12/2012 14:55  SL Trailed: 5875
06/12/2012 15:05  SL Trailed: 5905
06/12/2012 15:20  SL Trailed: 5912


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  1. Mahender Reddy PulakandlaDecember 6, 2012 at 9:07 AM

    Good Morning Sunil.

    Please share levels for SBI and ICICIBANK?

    Have a good day.

    Thanks
    Mahy

    ReplyDelete
  2. UnknownDecember 6, 2012 at 9:19 AM

    Good Morning sir...looks like nifty not very excited with FDI results...What are the levels for today? Also Please guide about Renuka sugars...

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 12:12 PM

      Good Afternoon Aabha, Yes, seems so. 5840 for now will act as a major support to Nifty. Lets hope its not taken out.

      Delete
  3. UnknownDecember 6, 2012 at 10:07 AM

    Whr are you sir? Need your guidance...

    ReplyDelete
  4. Mahender Reddy PulakandlaDecember 6, 2012 at 10:37 AM

    Good Morning Aabha.

    Sunil is facing problem with power failure, usually these days.

    We've to wait dear.

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 10:40 AM

      yep...i understand. Been worried as i am carrying the 6200 calls at 12.8...

      Delete
    2. Mahender Reddy PulakandlaDecember 6, 2012 at 10:50 AM

      Yeah, I understand.
      it is too late for now for today. Hold for now, might see a bounce in the market during later half.

      Delete
    3. UnknownDecember 6, 2012 at 11:05 AM

      HI aabha,

      Have any idea about resisitance and suppport of nifty?

      Delete
    4. Mahender Reddy PulakandlaDecember 6, 2012 at 11:11 AM

      Support 5830
      Not sure about resistence today :)

      Delete
    5. UnknownDecember 6, 2012 at 11:13 AM

      So i can avg my 6200 CE at current price right?

      Delete
    6. Mahender Reddy PulakandlaDecember 6, 2012 at 11:23 AM

      We are still bulish on the NIFTY, average on DIPs (trade in low quantities please).
      we might be in this range for couple of days.

      Delete
    7. UnknownDecember 6, 2012 at 12:14 PM

      Thanks Mahy :)

      Delete
    8. Mahender Reddy PulakandlaDecember 6, 2012 at 1:03 PM

      You are most welcome Sunil.
      Where can we see ICICIBank today (end of the play), I'm holding DEC 1150 CE on it. (it is in losses). Please share your thoughts?

      Delete
  5. LOGANATHANDecember 6, 2012 at 10:41 AM

    we can allow 100% FDI in power sector

    ReplyDelete
  6. UnknownDecember 6, 2012 at 11:07 AM

    Hi SR, Good Morning
    May be the worst is over, hope for the best & stay calm.

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 12:17 PM

      Hi Krishna, Good Afternoon. Its easier to stay calm when you are not aware of the worst.

      Delete
    2. UnknownDecember 6, 2012 at 1:50 PM

      Sir, What about Reliance, target pl.
      Holding 840CE@12

      Delete
  7. UnknownDecember 6, 2012 at 11:16 AM

    Buy on dip up to 5800, just profit booking, don't be panic, for more info log on to optionwinners.blogspot.com

    ReplyDelete
  8. UnknownDecember 6, 2012 at 11:17 AM

    Add small quantity like pyramid in nifty, trend is up.

    ReplyDelete
  9. UnknownDecember 6, 2012 at 11:18 AM

    Xmas rally still due, likely to be resume in next week.

    ReplyDelete
  10. UnknownDecember 6, 2012 at 11:21 AM

    Just 25% retracement not change trend...

    ReplyDelete
  11. UnknownDecember 6, 2012 at 12:06 PM

    Sorry All, Having Power Problems. Just came online ...

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 12:11 PM

      Sir 6200 ce at 7.7 any hope of recovery?

      Delete
    2. UnknownDecember 6, 2012 at 12:14 PM

      Hold for now. If Nifty holds 5820-40, we may see some upmove in the coming week.

      Delete
    3. UnknownDecember 6, 2012 at 12:42 PM

      Ok sir...thank you so much! Trend is negative for intraday, so should i buy some puts?

      Delete
  12. AmitviratDecember 6, 2012 at 12:34 PM

    Hi Sunil... which is better to foloow Fast or slow stochastic??? are they good just for intraday or swing trading also?

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 12:39 PM

      Hi Amit, Slow Stochastic, I personally feel is more reliable than Fast. They may be used in all time-frames.

      Delete
    2. AmitviratDecember 6, 2012 at 12:46 PM

      what about MACD? I actually didnt understand its utility... :(

      Delete
    3. UnknownDecember 6, 2012 at 12:56 PM

      MACD is a momentum indicator. Though, its a lagging indicator, its very popularly used.

      Delete
    4. AmitviratDecember 6, 2012 at 1:04 PM

      What exactly do u mean by momentum indicator???

      Delete
    5. Mahender Reddy PulakandlaDecember 6, 2012 at 1:09 PM

      Hello Amit,
      First search on internet about it, Gain some knowledge and then ask questions to know more.

      Happy Trading

      Delete
    6. AmitviratDecember 6, 2012 at 1:17 PM

      well homework had been dne.. I m just now adding perspectives and usage.. :)

      Delete
    7. UnknownDecember 6, 2012 at 1:26 PM

      Hi Amit, MACD represents the strength in a trend.

      Delete
    8. AmitviratDecember 6, 2012 at 1:27 PM

      just like ADX?

      Delete
  13. ParitoshDecember 6, 2012 at 1:13 PM

    Sunil, Nice to see you, Good afternoon. I am noticing that 6200CE are loosing luster. At 5860 spot, they were at 8.2 levels but now 6.9 on same spot levels, I am not holding anything as of now. The question is this - should I enter 6200CE now since they are at better valuations? OR I should avoid 6200CE and prefer other calls as there is a falling interest on this.

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 1:24 PM

      Good Afternoon Paritosh, All calls were overvalued last 2 days as Nifty did not gain much like the calls did. Valuations are much reasonable today. One may enter 6100/6200CE in small qty keeping a SL at 5820. However, it would be advised to book profits on rise as Max OI has increased on 6000CE and not likely to cross above 6000 this expiry.

      Delete
  14. Chitrang DalalDecember 6, 2012 at 1:26 PM

    Hi SR,
    at lower level what do u think market will test today?

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 1:31 PM

      Hi D3@dY, I think Nifty has made the low for the day and likely to sustain above 5850 for rest of the day.

      Delete
    2. Chitrang DalalDecember 6, 2012 at 1:32 PM

      Thank u sirje!

      Delete
  15. Mahender Reddy PulakandlaDecember 6, 2012 at 1:29 PM

    Hello Sunil.

    Where can we see ICICIBank today (end of the play), I'm holding DEC 1150 CE on it. (it is in losses). Please share your thoughts?

    If there is some good +Ve in comming week atleast, can I hold them till that point of time? what do u suggest.

    I'm Holding SBI 2200 DEC Call@87, can we see some good move in sbi this or next week? (please share your thouthts)

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 1:38 PM

      Hi Mahy, ICICI is sustaining below 1114 which is not a good sign. Keep SL at 1098 on it. Hopefully, it should manage to sustain above 1114 and then gives a bounce in the next week with the markets. SBI is sustain above 2250 which is good, can show a bounce from here. 2304-10 on the cards.

      Delete
    2. Mahender Reddy PulakandlaDecember 6, 2012 at 1:52 PM

      Thank you Sunil.

      Any Trading Ideas for today?

      Delete
    3. UnknownDecember 6, 2012 at 1:59 PM

      Most Welcome. None as of now.

      Delete
    4. Mahender Reddy PulakandlaDecember 6, 2012 at 2:47 PM

      Okay, No problem.

      We are looking forward to your trading ideas.

      Delete
    5. Mahender Reddy PulakandlaDecember 6, 2012 at 3:47 PM

      WOW
      what a turnaround....

      Booked nominal profits on ICICIBANK 1150CE (intraday)
      Booked handsome profits on SBI 2200CE (positional)

      Have a good day.

      Thanks
      Mahy

      Delete
    6. UnknownDecember 6, 2012 at 5:52 PM

      Nice to know that. :) Most Welcome and thanks. Have a good day you too. :)

      Delete
  16. UnknownDecember 6, 2012 at 1:55 PM

    Hello Sir, What about Reliance, target pl.
    Holding 840CE@12

    ReplyDelete
  17. UnknownDecember 6, 2012 at 1:56 PM

    Sirjee, should i be avraging my 6200 calls? Bought at 12.8 yesterday...

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 2:03 PM

      Hi Aabha, Average only if the qty. is not too high.

      Delete
    2. UnknownDecember 6, 2012 at 2:06 PM

      ok sir, thank you...looks like i missed a good buy at 7 levels...:-(

      Delete
    3. UnknownDecember 6, 2012 at 2:11 PM

      so you do expect nifty to move up again after this small profit booking? Where should we be booking profits on these calls now? 5950 as earlier or now lower?

      Delete
    4. UnknownDecember 6, 2012 at 2:19 PM

      Most Welcome. Target still remains the same but would be better to stay cautious and book part profits at regular intervals.

      Delete
    5. UnknownDecember 6, 2012 at 2:23 PM

      ok sir...thank you so much for your kind advice...

      Delete
    6. UnknownDecember 6, 2012 at 2:33 PM

      Sir, can you guide me about renuka sugars? Holding a 35 call...

      Delete
    7. Mahender Reddy PulakandlaDecember 6, 2012 at 4:03 PM

      RENUKA kissed 34 and ran away :)
      Just shy off 34.

      As sunil said there is some resistance at 34/34.2 levels.

      I would suggest you, if you made decent profits in it, then it would be better to book your profits in half the position for time being.

      Hope you are recovering well and doing fine.

      Thanks
      Mahy

      Delete
    8. UnknownDecember 6, 2012 at 4:11 PM

      Thank u sir...holding just one lot...n missedto book it at toadys high of 1.5...so will just hold till tommorow.

      Delete
    9. Mahender Reddy PulakandlaDecember 6, 2012 at 5:41 PM

      Good Luck Aabha.

      Delete
    10. UnknownDecember 6, 2012 at 5:55 PM

      Sorry, had lost power again near day-end today. Hope you booked profit. If not, book tomorrow morning.

      Delete
  18. UnknownDecember 6, 2012 at 2:40 PM

    GOOD AFTERNOON SIR..THANKS FOR THE CALL ON 6200CE HAD BOUGHT 20 LOTS AT 7.9..BOOKED 11 LOTS YESTERDAY AT 15.85. AT WHAT LEVEL SHOULD I BOOK MY REMAINING LOTS OF 6200CE ..KINDLY ADVICE IF POSSIBLE..THANKS

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 2:55 PM

      Good Afternoon Arjun, Book rest near 5950.

      Delete
    2. UnknownDecember 6, 2012 at 2:57 PM

      Sir, hold or exit long in renuka sugars?

      Delete
    3. UnknownDecember 6, 2012 at 3:01 PM

      Hi Aabha, Book most for now.

      Delete
    4. UnknownDecember 6, 2012 at 3:03 PM

      its just one lot sir...book all or hold?

      Delete
    5. UnknownDecember 6, 2012 at 3:04 PM

      5950 may come today itself it seems....nifty moving so fast....

      Delete
    6. UnknownDecember 6, 2012 at 3:08 PM

      Yes, Most likely.

      Delete
    7. UnknownDecember 6, 2012 at 3:10 PM

      Thanks again for that amazing 6200 call sir...u are such a genius!
      I hope to book total profit today if we do manage to touch 5950...

      Delete
    8. UnknownDecember 6, 2012 at 3:27 PM

      should i be booking part of the calls here? looks like nifty will not touch 5950 today...

      Delete
    9. UnknownDecember 6, 2012 at 5:58 PM

      Sorry, had lost power again near day-end today. In case you have not booked part profits today, book them tomorrow morning at opening. Nifty may likely test 5950 at opening and may even kiss 5974. Book full profits tomorrow itself.

      Delete
  19. UnknownDecember 6, 2012 at 3:01 PM

    THANK U SIR..WILL BE WAITING FOR 5950 SPOT NIFTY...

    ReplyDelete
  20. UnknownDecember 6, 2012 at 3:32 PM

    Thanks SR, I have earned 8000 rupees by your recommendations. You are genius. Thanks a lot.

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 5:59 PM

      Most Welcome. Nice to know that :) Thanks for your kind comments.

      Delete
  21. AmitviratDecember 6, 2012 at 3:47 PM

    hi Sunil.. do u see nifty crossing 6000 levels this expiry?

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 6:00 PM

      Not sure as yet. 5974-80 should likely act as a major resistance for Nifty.

      Delete
  22. Chitrang DalalDecember 6, 2012 at 5:44 PM

    sirjee.... let us know when to buy positional puts for nifty !!

    ReplyDelete
    Replies
    1. UnknownDecember 6, 2012 at 6:02 PM

      Will surely give a call in such a case.

      Delete
    2. UnknownDecember 6, 2012 at 9:06 PM

      Hi SR,
      80% profit booked (10k), part remaining & will be executed tomorrow at the target.
      Thanks for your valued guidance for our success.

      Delete
    3. UnknownDecember 6, 2012 at 10:17 PM

      Hi Krishna, Nice to know that. Most Welcome.

      Delete
  23. UnknownDecember 6, 2012 at 10:24 PM

    Sorry All, We have been facing power outage due to indefinite strike by Unions of JSEB.

    http://www.business-standard.com/india/news/unionsstrike-after-jseb-signs-agreementstata-power-cesc/494642/

    Please bear with us for non availability during part of trading hours till the strike is called off.

    ReplyDelete

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