Nifty Trades for 20/12/2012

Dec 20, 2012 9:00 AM
56 Comments
20/12/2012 09:00  Trend: Positive, SL: 5909
20/12/2012 10:40  SL Triggered, Trend: Negative, SL: 5924
20/12/2012 15:10  SL Triggered, Trend: Positive, SL: 5898


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  1. Mahender Reddy PulakandlaDecember 20, 2012 at 9:21 AM

    Good Morning Sunil

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    1. Mahender Reddy PulakandlaDecember 20, 2012 at 9:23 AM

      Can we see some upside in NIFTY today, 20/30 points from current level?

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    2. UnknownDecember 20, 2012 at 9:28 AM

      Good Morning Mahender, Not sure as yet. Resistance: 5948, Supports: 5895, 5869

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    3. Mahender Reddy PulakandlaDecember 20, 2012 at 9:31 AM

      Okay. How about Reliance for today?

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    4. Mahender Reddy PulakandlaDecember 20, 2012 at 9:33 AM

      IT pack seems good to me.
      what do u think and suggest some liquid option stocks please? (With levels)

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    5. UnknownDecember 20, 2012 at 9:38 AM

      Is currently in consolidation phase. Supports: 830, 815, Resistances: 843, 859

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    6. Mahender Reddy PulakandlaDecember 20, 2012 at 9:40 AM

      okay thanks Sunil for Reliance update.
      How about IT pack? (earlier comment on December 20, 2012 9:33 AM)

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    7. UnknownDecember 20, 2012 at 9:47 AM

      All IT pack are near resistance levels. TCS near 1246, infy near 2332, Hcltech near 648. Can go long, once they break resistance levels.

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    8. Mahender Reddy PulakandlaDecember 20, 2012 at 9:50 AM

      Okay That's Cool.
      Thanks Sunil for Update.

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    9. Mahender Reddy PulakandlaDecember 20, 2012 at 10:09 AM

      Booked 14% Profits on RELIANCE DEC 840CE.

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    10. UnknownDecember 20, 2012 at 10:13 AM

      Nice :)

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    11. Mahender Reddy PulakandlaDecember 20, 2012 at 10:14 AM

      Entered Maruti DEC 1550CE on (Intraday)@12.3.

      Delete
  2. Hamdan HarrisDecember 20, 2012 at 9:30 AM

    hello Good Morning Sir
    Can you share your viws on COLGATE pls? Also tell me is MARUTI a good buy for 2-3 days

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    1. UnknownDecember 20, 2012 at 9:42 AM

      Good Morning Chippa, Sorry, Not tracking Colgate online. Maruti looks good above 1500, can see 1546, 1566. Can be entered on dips.

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    2. Hamdan HarrisDecember 20, 2012 at 9:48 AM

      ok..thnx sir
      can i enter december fut of MARUTI? or january safe? pls advise

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    3. UnknownDecember 20, 2012 at 9:59 AM

      Most Welcome. Can go with any of them on dips.

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  3. UnknownDecember 20, 2012 at 10:05 AM

    Hi SR, Good Morning

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  4. Hamdan HarrisDecember 20, 2012 at 10:18 AM

    hello GM sir
    can I short sell Axis bank? It looks weak tday

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    Replies
    1. UnknownDecember 20, 2012 at 10:34 AM

      GM Chippa, Yes, Can be shorted on any bounce. Looks weak below 1333. Below 1320, can test 1300.

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    2. Hamdan HarrisDecember 20, 2012 at 10:38 AM

      thnkyou sir...i am going with december fut for short

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  5. UnknownDecember 20, 2012 at 10:22 AM

    GM Sir! how are you?
    I had a querry on option writing...
    IfI write a 6100ce here, and if we assume that as 6000call OI is highest so 6100 will not come before expiry, then will i be gaining the entire pirice of my option as on today? Do i need to buy it back at expiry or let it expire worthless?

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    1. UnknownDecember 20, 2012 at 10:38 AM

      GM Aabha, I'm doing fine. Hope you are doing well too. Yes, Most likely 6000 and higher calls are likely to expire worthless. You need not buy back before expiry if they expire worthless. But, confirm with your broker (Not needed for Zerodha).

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    2. UnknownDecember 20, 2012 at 10:47 AM


      Thank you so much sir...I use zerodha. So no need to confirm. But somehow if i try doing it, i am getting a response that the client not enabled on product.

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    3. UnknownDecember 20, 2012 at 10:58 AM

      Most Welcome. Not sure why you are getting that response. Make sure you are entering the order appropriately and have sufficient margins.

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    4. UnknownDecember 20, 2012 at 12:07 PM

      Problem solved...
      Sir, can i buy apollo tyre 90 ce at cmp and hold it it expiry?

      Delete
  6. UnknownDecember 20, 2012 at 10:49 AM

    Good morning sunil ji,

    Can we expect a pull back on nifty on 2nd half or tomorrow?

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    1. UnknownDecember 20, 2012 at 10:55 AM

      Good Morning Neelima, Nifty likely to be range bound within 5869 - 5948 till expiry. Avoid trading within this narrow range.

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  7. UnknownDecember 20, 2012 at 10:50 AM

    Nifty Short strangle initiated near 55, now at 26 :)

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    Replies
    1. Mahender Reddy PulakandlaDecember 20, 2012 at 10:55 AM

      That's good work.
      Congrats.

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    2. UnknownDecember 20, 2012 at 10:59 AM

      Thanks Mahender, Lets hope Nifty remains within this range for another 4 sessions before expiry to gain 100% :)

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    3. Mahender Reddy PulakandlaDecember 20, 2012 at 11:07 AM

      Very likely to be in that range.

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  8. AmitviratDecember 20, 2012 at 11:44 AM

    m Sunil..any idea about Banknifty..support and resistance?

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    Replies
    1. UnknownDecember 20, 2012 at 12:08 PM

      Hi Amit, Will be tracking Bank Nifty Real time from next series.

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    2. AmitviratDecember 20, 2012 at 12:33 PM

      waiting eagerly for that.. :)
      Thnx

      Delete
  9. AmitviratDecember 20, 2012 at 12:53 PM

    Hi Sunil... wat do u think of RELCAP?

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    Replies
    1. UnknownDecember 20, 2012 at 1:15 PM

      Hi Amit, Relcap had rallied a lot in the recent past and hit resistance at 491. Has support at 467-68 levels. Can show a bounce from support levels.

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  10. UnknownDecember 20, 2012 at 1:09 PM

    Sunilji,

    what is the range of SBI before this expiry?

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    1. UnknownDecember 20, 2012 at 1:19 PM

      Sbi is overall positive. Can be bought on dips with SL below 2310. May likely head higher to 2440-50 levels in short term.

      Delete
  11. Mahender Reddy PulakandlaDecember 20, 2012 at 1:47 PM

    Hello Sunil,

    What's ur view on SINTEX for this expiry? (support and resistence levels pls).

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  12. UnknownDecember 20, 2012 at 2:01 PM

    Hello sir,
    market likely to touch 5950

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    Replies
    1. UnknownDecember 20, 2012 at 3:05 PM

      Hi Krishna, Resistance near 5978, may test 5950.

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    2. UnknownDecember 20, 2012 at 3:27 PM

      Sir,
      Market is heavy volatile, very difficult to test 5950
      Profit 40% on 6000CE
      Thanks

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    3. UnknownDecember 20, 2012 at 3:38 PM

      Hi Krishna, Correction: Resistance near 5948 (Prev comment). Yes, Markets are very volatile. Book profits early.

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    4. UnknownDecember 20, 2012 at 3:53 PM

      Thanks sir,
      holding no position, only intraday

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  13. DebuDecember 20, 2012 at 2:22 PM

    Hi SR, I have Axis bank 1300 PE @9, pls advice SL & target for intraday...

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    Replies
    1. UnknownDecember 20, 2012 at 3:08 PM

      Hi Debu, Spot can test 1300-1302, keep SL at 1333.

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    2. DebuDecember 20, 2012 at 3:16 PM

      Still in same position, should I continue tomrow or exit today.?

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    3. UnknownDecember 20, 2012 at 3:19 PM

      May hold it till tomorrow.

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    4. DebuDecember 20, 2012 at 3:24 PM

      Ok... thanks. Let's hope for best.

      Delete
  14. Hamdan HarrisDecember 20, 2012 at 2:48 PM

    hi sunil ji Good Afternoon
    I have bought Asian Paints january futures...where do you see it in a month?

    ReplyDelete

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