Hi Sunil, Is there any site where i can find out where we are currently in Nifty Elliot wave?. I've just started reading about Elliot Waves. I am holding Jan 6200CE bought yesterday at 5840. Should I book profit or keep SL at your trailing SL (5905). Thanks. -Shammi
Not sure of any site indicating the Elliot wave patterns of Nifty. Book profits on rise for now. 6200CE is OTM Option, keeping trailing SL on it would not be adviasable.
Hi Mahender, Welcome Back. Try to exit LT on any rise. Is trading below supports. With expiry in the coming week. Keep positions light. We may enter fresh in the new series.
Hi SR, Good Morning
ReplyDeletePositive movement of Nifty
Whether Nifty will touch 6050 within expiry
expectation pl.
Good Morning Krishna
Deletevery good morning Mahy
DeleteGood Morning Krishna, Very strong Resistance for Nifty near 5947-51. Option data indicates it unlikely for Nifty beyond 6000 level this expiry.
DeleteThank you sir,
Deletenet problem
Good Morning Sunil.
ReplyDeleteWhat's ur view on LT at current levels?
Good Morning Mahender, Likely to be range bound. Supports: 1657, 1641, Res: 1668, 1689
DeleteOkay Thanks Sunil.
DeleteBooked 9% profits on MINIFTY (that was my first trade in futures) :)
Booked profits on NIFTY 6200CE Jan too.
Holding on to Tatamotors Jan 300CE (in green)
Holding on to LT Jan 1700CE
Thanks a lot.
Most Welcome. Nice :)
DeleteSunil, Will TM test 307/308 intraday or this week?
DeleteIf it sustain above 305, can see 315.
Deletecool.
DeleteThank you Sunil.
DeleteMost Welcome
DeleteGood Morning SR Sir!
ReplyDeleteViews on Nifty, Shasun pharma, apollo tyres and satyam please...
Good Morning Mahy!
good morning aabha
DeleteGood Morning Aabha, Nifty likely to face strong resistance near 5947-51 levels. Book longs on rise today. Sorry, Not tracking the other scrips online.
Deletestill holding tata motors call? Must be doing well today.
DeleteSR Sir, Thank you. Will mostly be booking all longs today near 5947. Thank you for your guidance!
DeleteMost Welcome. Tata Motors has resistance near 305. Book profits for now. Don't wait for Nifty to touch 5947, keep booking profits on rise.
DeleteHow do you see TCS till this expiry sir?
DeleteLooks weak below 1248.
Deleteok sir. Any other stock to hold in options till expiry for good returns? JP associates can reach 108/109?
Deletegood morning sir
ReplyDeleteAxis bank is not moving much...what do you say about it?
Good Morning Hannan, Has resistance near 1369, Supports: 1333, 1345. Movement likely to be range bound.
Deletealso share ur views on asian paints
ReplyDeleteAsian Paints is in long term uptrend. Can be added on dips for long term.
DeleteHi Sunil,
ReplyDeleteIs there any site where i can find out where we are currently in Nifty Elliot wave?. I've just started reading about Elliot Waves. I am holding Jan 6200CE bought yesterday at 5840. Should I book profit or keep SL at your trailing SL (5905). Thanks.
-Shammi
Not sure of any site indicating the Elliot wave patterns of Nifty. Book profits on rise for now. 6200CE is OTM Option, keeping trailing SL on it would not be adviasable.
DeleteGood Morning ..SR. What's ur view tatamotor today..? can suggest to enter any CE for today ?
ReplyDeleteGood Morning Debu, Has resistance near 305. If holding positions book profits for now. Can reenter once it breaks and sustains above 305.
DeleteThank U.
DeleteMost Welcome.
DeleteHi SR,,gm...whats ur view on hdfc?resistance and support pls
ReplyDeleteHi Subin, GM, Looks weak below 840, can see 821. Res: 840, 847
DeleteGood morning Sunil Rao,
ReplyDeleteNice to see you ..
How do you see the progress made regarding fiscal cliff talks plz?
Thank you for your time ,
Gitanjali.
Good Morning Gitanjali, Not sure about the fiscal cliff talks. Most Welcome.
Deletethanks..
ReplyDeleteMost Welcome.
DeleteBooked 20% Profits on Tatamotors.
ReplyDeleteWill Re-enter on dips if any. :)
Happy trading folks.
DeleteGot lot of work to do@office.
Will catch u later.
Have fun.
Nice :)
DeleteThank you .
ReplyDeleteHave a pleasant day ! TC
Most Welcome. Thanks and wish you the same. :)
Deletesir, can i enter tata motors now? if so, advise me jan or dec futures is best to enter..
ReplyDeleteWait for some consolidation above 305 to make fresh entries.
DeleteHai Sunil Ji... Good Morning...
ReplyDeleteAny Intraday trade ?
Good Morning Mahesh, No new call as yet.
DeleteSir holding tata steel fut @ 413 now 422, shall i book r wait?
ReplyDeleteBook part for now. Spot can see 425.
Deleteok sir
ReplyDeletewhy nifty isn't moving much? where do u see it today?
Nifty has already made a sharp upmove yesterday and today. Likely to see some consolidation/correction ahead.
Deleteis it a good idea to go short on hdfc at cmp?
ReplyDeleteCan be shorted on rise with SL above 849.
DeleteGM Sunil..ur views on dlf..on long or short side
ReplyDeleteGM Amit, Is facing resistance near 228, If it breaks and sustains above it, can see 237.
Deletethnx..will watch for it to fall to 225 levels with nifty to short...right??
DeleteHow about Bank Nifty???
Thank you sir,also long in nifty fut shall i book profit now or wait for 6000 in fut?
ReplyDeleteMost Welcome. Book on rise for now. Strong resistance near 5947-51 on spot. Not sure of 6000 for futures as yet.
Deletethank you sir
ReplyDeletecan i hold my short position in HDFC till tomorrow? or need to exit at today itself?
Most Welcome. Can hold below 829
Deletehi sunil sir ,your view on BHEL ?
ReplyDeleteHi Ajaz, Is trading near resistance near 232.5-233. Wait for a break above it to enter a long trade.
Deleteok ,thanks
Deleteok..can i enter JP ASSOCIATES december futures for 2-3 days? where to keep sl and target?
ReplyDeleteWait for a breakout above 105.
Deletehello sir
ReplyDeleteis REC a good buy for 2-3 days at cmp? can i buy december futures?
Hi chippa, Sorry, Not tracking that scrip online.
Deleteits alright ...can i take short positions on axis bank for 2-3 days?
DeleteHi chippa, Can go short on it, if it sustains below 1233.
DeleteHi Sunil,
ReplyDeleteI'm back again.
LT went down :( ROI: -20%
Any Trading Ideas .... (keeping in mind the expiry in next week)?
if so please share.
Hi Mahender, Welcome Back. Try to exit LT on any rise. Is trading below supports. With expiry in the coming week. Keep positions light. We may enter fresh in the new series.
DeleteOkay Thanks Sunil.
DeleteI've Holding Jan 1700CE, Not Dec.
I usually don't trade in near term expire, when expiry is in less than two weeks.
With Respect to Jan also, do you suggest to exit?
Most Welcome. Would advise to exit on rise for now. Can reenter once it gives a positive close above 1665.
DeleteSure, Okay Sunil.
DeleteThank you again
Have a nice evening.
Hi SR, Can u suggest to enter TataMotor for DEC CE option ?
ReplyDeleteHi Debu, Can be entered for target of 315 with SL below 305.
DeleteHello Sir,
ReplyDeleteso far a narrow Nifty movement, almost stagnant
where do you expect to close Nifty today & view for this week
Hi Krishna, Nifty likely to be within the range of 5867-5947.
DeleteSir can we start buying JAN 5700 PUT / 5800 PUT with Stop Loss of 6000 , as nifty may face Major Resistance @ 5965 .
ReplyDeleteHi Sonu, Don't accumulate puts as yet. Markets may remain in a narrow range till expiry.
ReplyDelete