Nifty Trades for 18/12/2012

85 Comments
18/12/2012 09:00  Trend: Positive, SL: 5851
18/12/2012 11:05  SL Triggered, Trend: Negative, SL: 5853
18/12/2012 11:20  SL Triggered, Trend: Positive, SL: 5826
18/12/2012 11:40  SL Trailed: 5830
18/12/2012 12:35  SL Trailed: 5866
18/12/2012 14:00  SL Trailed: 5872
18/12/2012 14:20  SL Trailed: 5875


  1. Hi Sunil, Goodmorning..Can i enter 6000 Nifty CE now?

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  2. Good Morning Sir!
    Tata motors CE doing well...Do let me know when to exit...304?
    Also what can be the target for Apollo tyres.

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  3. Good Morning Sunil/Aabha.

    Levels for NIFTY, TCS and Tatamotors please?

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    Replies
    1. Good Morning Mahender,
      Nifty: Support: 5859, Resistances: 5900, 5942
      TCS: Supports: 1202, 1185, Resistance: 1220
      Tata Motors: Support: 294.5, Resistances: 299.5, 304.5

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  4. Booked 18% profits on Tatamotors 300CE Jan-13.
    Will try to enter again on Intraday Dips.

    Thanks Sunil.

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    Replies
    1. Good Morning Mahy! I am still holding my tata motors CE as my buy was higher than yours.
      Nifty seems risky to enter before RBI announcements...Do you knw what time are the policies expected?

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    2. Hi Aabha, Gm.. RBI release @ 11.00 am.

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    3. Karthik says its around 12 noon...
      I have dec ce not Jan..bought at 5.

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    4. No it is 11.00 am.. visit www.rbi.org.in

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    5. Mahy, Can you imagine, i exited my HDFC shorts at 6.8 yesterday...todays high is 9...

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    6. Hi Rohit,
      Sorry dear, missed your earlier comment. Thanks for that info...

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    7. ah .. bad luck.
      Part of the game yaar, Nobody is perfect.
      Perfect timing is not always possible.
      As long as we booked profits ... I feel that is decent trade.

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    8. yeah you are so right..
      Tata motors moving fast now!

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    9. 300 might be a resistance for TM, set reasonable SL, so that you minimize your downside or book your profits if your happy with the profit.

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    10. exited at 6.65...Decent profits of 30%...And with RBI policy i am a bit worried...Why take risk?

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    11. Do you think JP 105 ce can be entered? At day's low..

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    12. Looks Weak..
      Generally, I would prefer to long after the RBI meet today.

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    13. Just look at JP 105 ce....6 to 1.2 in a day...thats 50%

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  5. This comment has been removed by the author.

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  6. HI SUNILJI GOOD MORNING

    HI ALL GOOD MORNING

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  7. good morning sunil sir
    i would like to thank you first for giving me tata motors call, booked a decent profit..
    can i short axis bank at cmp?

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    Replies
    1. Most Welcome. As of now, Lets wait for RBI outcome and then follow trend.

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  8. now what do you suggest for axis bank?

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    Replies
    1. Lets wait for the markets to settle a bit before entering resh trades.

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  9. Sir shall I exit from 5700 PUT now .

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    Replies
    1. Hi Sonu, Exit on rise for now. Markets likely to remain range bound till expiry.

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  10. OI of 5800PE rises above 1 crore. 5800 likely to act as a very strong support not likely to be broken before expiry. OI of 6000CE is also risen above 1.3 crore making 6000 very unlikely to be broken before expiry.

    Stats are looking good for our short strangle on Nifty. Trade is still a hold.

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    1. i think i will enter this at current levels of 23...anyway any other call is not really lloking so good at present as Nifty is so rangebound. Any other events expected before expiry? FIIs might withdraw?

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    2. That's good news Sunil.

      So Nifty will test 5950 in this week or before expiry?

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    3. Mahy, SR sir is such a genius...the short strangle call was given at 55...now its 23 in just 4 sessions...and no call on nifty has given these kinda returns due to range and time decay...I wish i had entered it at 55...missed a good opportunity there...

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    4. Hi Mahender, Above 5895, can test 5947.

      Hi Aabha, Thanks for the kind comments. Btw, its not yet reached 23, is near 33.

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    5. Thanks Sunil,

      I've bought DEC FUTURE minifty@5894, Now at 5920, I'll hold. What do u suggest?

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  11. Hi Sunil Sir, Holding 5800 PUT @ 22... shall i exit now or wait..

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    Replies
    1. Try to exit on any rise for now. Markets seem to be range bound.

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  12. Hi aabha, Can u post short strangle call given by sunil sir?

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    Replies
    1. Call was to Short 6000CE and 5800PE given on last Wednesday. Was trading at that time near 55.

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  13. oh oh....looks like we will be hitting sl on upside in strangle...such a sudden upmove in nifty!

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  14. Hi SR, Good afternoon,
    A long to & fro journey of Nifty.
    Can we expect 5950 again within today or tomorrow?

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    Replies
    1. Hi Krishna, Yes, Been very volatile today. Above 5895 can test 5947.

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    2. Sir, once touched 5896, will have to sustain

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    3. Yes, Need to sustain above 5895 for further upmove.

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    4. Thanks sir,
      strong will power will lift nifty to that level very soon.

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    5. Sir,
      booked 100% profit SBIN 2400CE here,
      Thanks

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  15. hi sir GA
    can go short on Axis bank now? Its been overbought for weeks..

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    Replies
    1. Hi Hannan, Don't go short as yet. It may remain range bound for some time.

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    2. ok..thnx sir..but do you think it's weak and can see lower levels?

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    3. Most Welcome. Its not weak as yet.

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  16. GA SIR, IS IT ADVISABLE TO ENTER ICICI 1150 CE?

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    1. GA sir see tata steel bullish inverted head n shoulder break out @ 407-409, now trading @ 411, can i buy for a tgt 425?

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    2. GA, Yes, can be bought on dips for target of 425 with SL below 395.

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  17. Hello Sunil, Where do we close today NIFTY and TataMotors?

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    1. Nifty may close near 5895 and TM may close near 299.5

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    2. Cool, Thank you Sunil.

      Are you bulish on TM? (I'm holding a call 300CE JAN)
      Pleas share your thoughts.

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    3. For TM 300 seems resistence, it has to break it today or tomorrow.. for clear trend

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    4. Tata Motors overall looks bullish. Has resistance near 299.5-300. But the scrip has not shown any weakness. It should likely break above it and move higher to 315 levels in near term.

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    5. That sounds great to me.
      I'm at cost now. (more or less).

      I'm looking forward to book profits again on this too ;)
      hehe .. Thanks Sunil.

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  18. Sir,
    Whether Nifty can manage to stay above 5895 at close

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    Replies
    1. Hi Krishna, Nifty did manage to close slightly above 5895

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  19. SR Sir, your views on apollo tyres and satyam pls. Holding both in cash.

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