13/12/2012 09:00 Trend: Negative, SL: 5905
13/12/2012 14:00 SL Trailed: 5885
13/12/2012 14:15 SL Trailed: 5878
13/12/2012 14:00 SL Trailed: 5885
13/12/2012 14:15 SL Trailed: 5878
13/12/2012 14:40 SL Trailed: 5874
Good morning Sunil
ReplyDeleteResistence for ICICIBANK
Good Morning Mahender, 1128
DeleteThank you Sunil.
DeleteRight Now holding 3 lots@17, bought yesterday.
Now at breakeven (more or less)
will it test 1140 this week? hold or square off
Most Welcome. Would advise to exit on rise for now. Can re-enter it above 1139.
DeleteOkay.
DeleteBooked profits 7% profits on 3 lots of ICICIBANK.
DeleteNice. :)
Deleteokay, THank you
ReplyDeleteHi SR, Good Morning
ReplyDeleteAny Nifty call, Intraday or Positional at what level?
Nifty is trading in a narrow range.
Good Morning Krishna, Yes, Nifty is trading within a narrow range. Wait for breakout of the range to enter fresh trades on Nifty. As of now, Option Writers may short 6000CE and 5800PE with SL below 5840 and above 5980.
DeleteSir, Which Strangle is more profitable?
DeleteIf we Buy both or Short both? whether it depends on the trend? now you expect to downward nifty, that's why write short?
Short strangle is profitable when the asset is range bound. We gain the decay of both calls and puts. Short strangle is very profitable when there is no trend and just sideways movement.
DeleteThank you sir,got a new concept.
DeleteMost Welcome.
DeleteThis comment has been removed by the author.
ReplyDeleteIts a short strangle...won't the risk be unlimited?
ReplyDeleteHi Aabha, Yes, Its a short strangle. Risk is unlimited if SL is not adhered strictly. One may remain in the strangle till the SL is triggered and exit with gains of decay till then.
DeleteOk sir...Got it. Thanks for sharing this.
DeleteMost Welcome.
DeleteGood morning Aabha.
DeleteHow r u doing? fit and fine.
hi sir,
ReplyDeletei have nmdc 140 pe@0.50..what i should do hold or sell
Hi Subin, Sorry, Not tracking that scrip online. But as per yesterday's data, would advise to book profits as it highly oversold and may see short covering anytime soon.
DeleteGM Sunilji, Can i buy drreddy @ current levels for target 2000 stop loss 1830 (short term)
ReplyDeleteGM Robotguy, Not sure as yet. Currently has resistance near 1912 and support near 1845. Above 1912, can see 1966
DeleteHey Robotguy.
DeleteAfter a long time.
How r u doing?
Hello Sunil,
ReplyDeleteHow about ITC?
Can we get in with DEC 300 CE, can we expect some upmove?
Please share your thoughts
Thanks
Mahy
Hi Mahender, Has broken major supports at 295. Not sure of any news on it. Don't go long on it. On the contrary, may go short on rise. May test 281 levels.
DeleteOh okay.
DeleteSunilji any stocks in fut to go long?
ReplyDeleteTatamotors looks good. Has given a breakout today.
DeleteOkay Thank you Sunil
DeleteBooked another 7.5% profits on ICICIBANK 1150CE, Intraday.
ReplyDeleteFYI: URL for 11-Dec-2012 (seems bit different, please check and fix, I noticed on that day but forgot to mention it on that day)
ReplyDeleteURL: http://www.autochannels.in/2012/12/nifty-trades-for-11122012_11.html
Thanks. will check it out.
DeleteHello Sunil,
ReplyDeleteWhat's your view on TCS? (time frame : week)
Overall looks weak, Can see 1190, 1167
DeleteOkay Thank you Sunil
DeleteSirjee,
ReplyDeleteNifty Short positional to be initiated now?
Not yet, Wait for confirmation.
DeleteOhhk Sirjee!!
DeleteU r waiting for nifty confirmation and I am waiting for urs :D
Hai Sunil Ji...
ReplyDeleteCan we accumulate Nifty calls ?
Hi Mahesh, No.
DeleteHai Sunil Ji... Holding Jan 5600 put.. wait or book profit ?
ReplyDeleteBook profit in put for now. Nifty is testing major support of 5846-5861.
Deleteok Sunil Ji.. Thank you...
ReplyDeleteMost welcome.
DeleteSir can we buy 5700 PUT , if Nifty trades below 5840 or going to close below 5840 .
ReplyDeleteHi Sonu, Lets wait for confirmation of breakdown for now.
DeleteWhy Big fall in the market? any specific reason
ReplyDeleteIts not exactly a big fall, it is tested the major support. Hopefully we should close above 5847.
DeleteHI SR, Is there any support for nifty around 5800-5750?(In case if nifty trade below 5840)
ReplyDeleteHi Vibhor, yes, Next support near 5797 and 5744
DeleteThanks SR, And If we want to enter on long side on nifty, then at what level you will suggest a buy?(nifty spot)
DeleteMost welcome. Avoid fresh longs in Dec series.
DeleteSR sir.awsome levels...Just observing today...you are so spot on. we closed above 5847...What are your predictions about tommorow and later in this expiry?
ReplyDeleteThanks Aabha. We closed very close to the major support level today. Tomorrow's opening will be crucial, as it could break or bounce. Today, there was huge gain in the OI of 6000CE making it almost impossible to break in Dec. Also, there was no loss in the OI of 5800PE suggesting no major downside.
DeleteThank you so much sir...i was also surprised by this small valley on the charts today as OI in 6000 ce has been consistant. And today's reforms may add to the rally fire...Lets see.
DeleteSir If we open below 5840 tomorrow , or in intraday we trade below 5840 for 5-10 min. Can we buy 5700 PUTs .
ReplyDelete