Nifty Trades for 17/12/2012

Dec 17, 2012 9:00 AM
59 Comments
17/12/2012 09:00  Trend: Positive, SL: 5851


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  1. Mahender Reddy PulakandlaDecember 17, 2012 at 9:18 AM

    Good Morning Sunil.

    Levels for Tatamotors and TCS?

    Holding TCS 1300CE for DEC expiry.
    Holding Tatamotors for 300CE for Jan expiry.

    ReplyDelete
    Replies
    1. UnknownDecember 17, 2012 at 9:23 AM

      Good Morning Mahender,

      Tatamotors has resistance near 294, support near 286.5
      TCS has resistance near 1257, support near 1233

      Delete
    2. Mahender Reddy PulakandlaDecember 17, 2012 at 9:24 AM

      Thank you.

      Holding NIFTY Jan 6200 CE's, What do u suggest on NIFTY for this week?

      Delete
    3. UnknownDecember 17, 2012 at 9:26 AM

      Most Welcome. Nifty is range bound within 5840 - 5950 for now.

      Delete
    4. Mahender Reddy PulakandlaDecember 17, 2012 at 9:29 AM

      I would try to square off them on rises.
      I would wait till expiry for 5700PE Short Dec. (hopefully it will expire worthless).

      Happy trading Sunil

      Delete
    5. UnknownDecember 17, 2012 at 9:35 AM

      Ok. Yes, 5700PE is likely to expire worthless. Thanks and same to you.

      Delete
    6. UnknownDecember 17, 2012 at 9:39 AM

      Very good morning SR sir and Mahy...Interesting trade there in 5700pe...if it is sure to expire worthless, can i short it positionally till expiry? SR sir, the short strangle is doing very well...at 40 now...

      Delete
    7. UnknownDecember 17, 2012 at 9:43 AM

      Good Morning Aabha, Don't go short on 5700PE at current levels. Risk is too high for the reward of less than 7 points

      Delete
    8. Mahender Reddy PulakandlaDecember 17, 2012 at 9:46 AM

      Good morning Aabha.

      Delete
    9. UnknownDecember 17, 2012 at 9:47 AM

      ok sir...any other strategy for expiry? Not holding anything currently...Can i go for 6000-5800 short strngle here?

      Delete
    10. Mahender Reddy PulakandlaDecember 17, 2012 at 9:53 AM

      Hi Sunil,
      Levels for DrReddy Pls.

      Delete
    11. UnknownDecember 17, 2012 at 9:57 AM

      Hi Aabha, No other strategy as of now. May Enter short strangle in small qty, but I generally do not advise to write options less than at least 50.

      Delete
    12. UnknownDecember 17, 2012 at 10:13 AM

      Hi Mehender, Resistances: 1851-1867, 1898, Supports 1807, 1776

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    13. UnknownDecember 17, 2012 at 10:13 AM

      oh ok sir...Will wait out then. Do let me know if you expect any move in nifty or stock to enter...

      Delete
    14. Mahender Reddy PulakandlaDecember 17, 2012 at 11:02 AM

      Thank you Sunil for the update.
      TataMotors seems strong, trading above 294

      Delete
    15. UnknownDecember 17, 2012 at 11:05 AM

      Hi Aabha. Ok.

      Hi Mahender, Most Welcome. Yes. Can be entered in small qty with sl at 291.5, can see 299.5, 304.5

      Delete
    16. Mahender Reddy PulakandlaDecember 17, 2012 at 11:13 AM

      Cool, thanks.

      Aabha think about it. ;)

      Delete
    17. Mahender Reddy PulakandlaDecember 17, 2012 at 11:15 AM

      Check with sunil about DEC or Jan on tatamotors?

      Delete
    18. UnknownDecember 17, 2012 at 11:29 AM

      Thanx Mahy.....will do.
      SR sir, Tata Motors 300 ce Jan or Dec?

      Delete
    19. UnknownDecember 17, 2012 at 11:30 AM

      SR sir, also let me know whethr to hold onto HDFC bank short? Its at cost now...

      Delete
    20. UnknownDecember 17, 2012 at 11:44 AM

      Hi Aabha, Book HDFC Bank shorts for now, Strong support near 678.

      Delete
    21. UnknownDecember 17, 2012 at 11:45 AM

      ok sir...and which one to go for in tata motors?

      Delete
    22. UnknownDecember 17, 2012 at 11:49 AM

      Go with Dec, if planning to book out today or max tomorrow morning.

      Delete
    23. UnknownDecember 17, 2012 at 11:52 AM

      ok sir...but do you expect a move in inrtraday? with nifty looking weak today will individual stock still rally?

      Delete
    24. UnknownDecember 17, 2012 at 11:54 AM

      May Enter for intraday in small qty.

      Delete
    25. UnknownDecember 17, 2012 at 11:58 AM

      ok sir...thank u!

      Delete
    26. UnknownDecember 17, 2012 at 1:50 PM

      oh oh...looks like i booked hdfc bank shorts at wrong time...booked at 6.8..now tht put is 8

      Delete
    27. Mahender Reddy PulakandlaDecember 17, 2012 at 3:16 PM

      Hey Aabha, as long as you booked profits no regrets dear.
      There will be lots opportunistic in future.

      I'm Happy for you that you booked profits again.

      Delete
  2. PramsDecember 17, 2012 at 9:41 AM

    Good Morning SR.

    Levels for ICICI BANK plz.

    ReplyDelete
  3. UnknownDecember 17, 2012 at 9:43 AM

    hello sir
    tcs has broken its support level..can i short sell it at cmp?

    ReplyDelete
    Replies
    1. UnknownDecember 17, 2012 at 9:50 AM

      Can go short if it sustain below 1222. Trade in small qty as markets are currently range bound.

      Delete
    2. UnknownDecember 17, 2012 at 10:00 AM

      ok..thnk you sir

      Delete
    3. UnknownDecember 17, 2012 at 10:36 AM

      can i enter tat motors nw? as it is trading above the resistance level? where do you see it today?

      Delete
    4. UnknownDecember 17, 2012 at 11:03 AM

      Can be entered in small qty with sl at 291.5, can see 299.5, 304.5

      Delete
  4. Chitrang DalalDecember 17, 2012 at 11:07 AM

    SR,
    Good Morning!

    Can i enter Axis bank 1400CE for intraday?

    ReplyDelete
    Replies
    1. UnknownDecember 17, 2012 at 11:35 AM

      Good Morning, Has Resistance near 1370, Would advise to enter it once it breaks above 1370.

      Delete
  5. UnknownDecember 17, 2012 at 11:22 AM

    Sir what about INFOSYS? res n supp

    ReplyDelete
  6. UnknownDecember 17, 2012 at 11:32 AM

    Sir I am holding 6200 CALL (bought @ 9 ) and 5700 PUT (bought @ 12) at what level I shall exit .

    ReplyDelete
    Replies
    1. UnknownDecember 17, 2012 at 11:41 AM

      Hold them till tomorrow. If there is a surprise announcement by RBI, then markets may see a strong movement.

      Delete
    2. UnknownDecember 17, 2012 at 11:44 AM

      so you are expecting any surprises in RBI policy....

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    3. UnknownDecember 17, 2012 at 11:50 AM

      Hi Aabha, Not expecting anything. But not ruling out any possibilities.

      Delete
    4. UnknownDecember 17, 2012 at 12:12 PM

      :-) I do expect a rate cut...coz RBI typical does what ppl don't expect!

      Delete
    5. UnknownDecember 17, 2012 at 12:31 PM

      Lot of speculation in Nifty. Vix is trading near 15 is over 5% up.

      Delete
  7. UnknownDecember 17, 2012 at 11:53 AM

    Hi SR, Good Noon
    Considering tomorrow's RBI perspective, can I enter SBIN/CE?

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

      Good Afternoon Krishna, VIX seems to be high. Avoid entering Options for RBI perspective.

      Delete
    2. UnknownDecember 17, 2012 at 12:22 PM

      Thanks sir,
      will abstain from it

      Delete
    3. UnknownDecember 17, 2012 at 12:49 PM

      We should take small risk despite market volatily.

      Delete
  8. UnknownDecember 17, 2012 at 12:09 PM

    sir
    shorted tcs at 1215..kindly let me know the next support level

    ReplyDelete
  9. UnknownDecember 17, 2012 at 2:15 PM

    Can i short BK Nifty with strict sl 12560?

    ReplyDelete
  10. Mahender Reddy PulakandlaDecember 17, 2012 at 3:46 PM

    Thank you Sunil.
    Have fun.

    ReplyDelete
  11. AdminDecember 17, 2012 at 10:19 PM

    sunil ji.. need a real time data feed .. u are using which one?

    ReplyDelete
    Replies
    1. UnknownDecember 17, 2012 at 10:30 PM

      Hi Doc!, Nice to see you here. I'm using real time data feeds from Google and Yahoo. However, if you are interested in paid data feeds, you may try Global Datafeeds. You may contact Mr. Rama Reddy (rama.reddy@globaldatafeeds.in)

      Delete
  12. AdminDecember 18, 2012 at 12:28 AM

    ge. .. im always here.. just like thin air :DDDD

    hmm.. will try that . . wht about google data.. any good providers?

    ReplyDelete

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