Nifty Trades for 07/12/2012

49 Comments
07/12/2012 09:00  Trend: Positive, SL: 5912
07/12/2012 13:15  SL Triggered, Trend: Negative, SL: 5934
07/12/2012 14:05  SL Trailed: 5932
07/12/2012 15:20  SL Trailed: 5919


  1. Hi SR,GA,
    So far Nifty movement a flat,

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    1. Hi Krishna, Good Afternoon, Nifty hit close to 5950 and then trading flat since morning. Hope you booked profits at opening. However, Nifty may try to test it once again and may even kiss 5974.

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    2. Thanks,
      the rest 20% has not yet booked, waiting for your next tgt 5974 or so.

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    3. Most Welcome. Don't wait for 5974 as it may be risky. Try to book near 5950

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  2. Hai Sunil Ji... Good Afternoon...

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  3. Very Good Afternoon sir! Been missing you. Power issue resolved?

    Sir, When will nifty move? Its so boring....Is the bill voting in rajyasabha expected before close today? Holding part of calls. Can you also guide me about TCS long and HDFC bank short?

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    1. Good Morning Aabha.

      How r u doing today?

      RENUKA .. moving around 34 levels,
      BANKING stocks looks strong (overall).

      Check with Sunil for precise advice.

      Thanks
      Mahy

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    2. Good Afternoon Aabha, Not sure whether Power strike has been resolved or not. But we just got power few minutes ago. Lets hope for the best.

      Nifty is consolidating after the strong upmove yesterday. Hopefully it re-tests 5950 and goes ahead to 5974. Not sure of Rajyasabha voting.

      TCS looks weak. Exit on any bounce. Book profits in HDFC Bank shorts for now.

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    3. Good Aftnoon Mahender Sir,

      Thank you so much. I exited renuka ce at 1.45...today's high. Now worried about the nifty longs...still holding a part of them...was waiting for 5970...

      Aabha.

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    4. Sir Maath Bolo Aabha Please.

      Good to know that You booked profits.

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    5. Thank you SR Sir. Looking at sudden fall in calls i just got panicked...Good to have your guidance!

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    6. Most Welcome. Need not panic above 5890 on Nifty for positional trades.

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    7. ok sir...will keep holding these calls then?

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  4. Good Moring Sunil.

    What are the levels for ICICIBANK, SBI, Can I go long on them?
    Do u suggest to BUY nifty PE's on rises?

    Happy Trading.

    Thanks
    Mahy

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    Replies
    1. Hello Sunil,

      What are the levels for ICICIBANK pls?

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    2. Good Afternoon Mahy, ICICI has support near 1128 and resistance near 1155. SBI has support near 2300-05 and resistance near 2240-45. Dont enter Nifty PE as yet.

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    3. Cool,
      I'm long on ICICIBANK 1150CE@26. (Positional)
      Can I enter NIFTY 6200CE JAN-13@43?

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    4. Avoid Fresh entries on Nifty as of now. Exit longs on rise for now. Major resistance zone 5950-5974.

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    5. Okay.
      Thanks Sunil.
      Cancelled the Order. :)

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  5. Sir .... nifty pe can be entered now?

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    1. calls are falling big time...Can be held positionally, right?

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    2. Hi Aabha, Hold them for now.

      Hi D3@dY, Not sure as yet.

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    3. Most likely Nifty should hold above 5904 today.

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  6. GOOD AFTERNOON SIR..BOOKED REST OF MY 6200 PE'S AT 13.65.. WHEN NIFTY WAS AT 5942(SPOT)..THANKS FOR THE CALL..BUT SIR I DONT GET IT EVEN IF THE NIFTY WAS UP THE CALL VALUE I GOT WAS LOWER THAN YESTERDAY. ANYWAY IN CASE YOU DECIDE THAT SHORT POSITION CAN BE INITIATED KINDLY LET ME KNOW..

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    1. Good Afternoon Arjun, Glad to know you booked profits. Value of options decline when Volatility Index (VIX) declines. Value of options are always higher when Nifty makes a sharp move and VIX increases.

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  7. Nifty chart for last five minutes is actually so fluctuating...its looking like the way my son scribbles when he's angry! :-)

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  8. Hello Sunil,

    I'm holding ICICIBANK 1150CE@26, now at 28.5.
    Do u suggest to hold it for next week?

    please share your thoughts, before close of markets.

    Thanks
    Mahy

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    Replies
    1. Hi Mahy, Can be held as ICICI should likely close above 1128.

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    2. Okay Sunil.

      FYI :
      Just bought NIFTY 6200CE Jan-13@38.5.
      It was against your call, but I took a chance (risky).

      Lets hope for the best.

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    3. Bought HEXAWARE @96.85 for mid-term to long term.

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  9. Replies
    1. yep, greens went into red.
      Just bought NIFTY 6200CE Jan-13.

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    2. effect of rajyasabha news...reverse as usual...

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    3. Not exactly a big fall, but a big volatility swing for sure.

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  10. Thank you again.
    Happy Weekend Sunil and Aabha.
    Have fun.

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    1. Most Welcome. Thanks and have a great weekend you too.

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  11. Hi sir, whether Nifty 5907 at close, is good enough to straggle to touch 5950?

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    1. Hi Krishna, Nifty may likely test 5974 in the coming week. Exit calls on rise for now.

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  12. Sir . Thanks a lot .I booked profit in 5 lots of 6200 Calls(3 sold @ 13 and 2 sold @ 15 , 1 is still holding)All 6 lots bought @ 8.20 . Can I keep this 1 lot till expiry . Or book it on Monday . And start accumulating NIFTY 5600 Puts / 5700 Puts . When Nifty breaks below 5885 .

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    1. Hi sonu, Most Welcome. Glad to know you booked profits. Book the last lot near 5950-60. Nifty may likely test 5974 in the coming week. Avoid accumulating puts as downside may be limited and may decay the puts without much substantial gains.

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