Nifty Trades for 21/12/2012

Dec 21, 2012 9:00 AM
71 Comments
21/12/2012 09:00  Trend: Positive, SL: 5898
21/12/2012 09:20  SL Triggered, Trend: Negative, SL: 5899
21/12/2012 10:05  SL Trailed: 5890
21/12/2012 14:30  SL Trailed: 5882
21/12/2012 14:55  SL Trailed: 5874


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  1. MaheshDecember 21, 2012 at 9:13 AM

    Good Morning Sunil Ji...
    Holdig Maruti 1550 ce and Axis Bank 1300 PE... Your view please...

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 9:35 AM

      Good Morning Mahesh,

      Keep SL at 1505 for Maruti. Book profits in Axis PE near 1300-1305

      Delete
  2. Mahender Reddy PulakandlaDecember 21, 2012 at 9:34 AM

    Good Morning Sunil...

    View on Maruti?
    Levels for Nifty intraday?

    please share your thoughts

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 9:36 AM

      Good Morning Mahender,
      Maruti, Support at 1505, Resistance: 1547
      Nifty, Support at 5869, Resistance: 5948

      Delete
  3. Mahender Reddy PulakandlaDecember 21, 2012 at 9:40 AM

    Thank you Sunil.

    ReplyDelete
  4. UnknownDecember 21, 2012 at 9:46 AM

    Good Morning!

    SR sir, how do you see nifty for intraday today? Put or call?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 9:50 AM

      Good Morning Aabha, Nifty likely to be Range Bound. Avoid put or call as both likely to decay.

      Delete
    2. UnknownDecember 21, 2012 at 9:52 AM

      what to trade for intraday in options then sir?

      Delete
    3. Mahender Reddy PulakandlaDecember 21, 2012 at 9:55 AM

      Good morning aabha

      if timedecay plays s role then consider selling them ... for intraday ... (that can be tried.... but with caution)

      Delete
    4. UnknownDecember 21, 2012 at 10:01 AM

      nifty support broken...

      Delete
    5. UnknownDecember 21, 2012 at 10:13 AM

      Not yet broken. Its hourly support at 5869. Need to see closing at 11am. Likely to be above 5869. :)

      Delete
    6. UnknownDecember 21, 2012 at 10:15 AM

      You rock! Today seems agood dayfor scalping on nifty...what do you say?

      Delete
    7. UnknownDecember 21, 2012 at 10:30 AM

      Nifty has been great for scalping for last few days while it has been range bound.

      Delete
    8. UnknownDecember 21, 2012 at 10:33 AM

      yep...had i not lost so much money in the last expiry, could have gained so well with bigger lots in this days!
      :-(

      Delete
  5. MaheshDecember 21, 2012 at 9:50 AM

    Hai Sunil Ji...
    Sl for Axis Bank... moving upward... any chances to come around 1300...

    ReplyDelete
  6. UnknownDecember 21, 2012 at 9:53 AM

    Hi SR,Good Morning
    Nifty is strong at support level 5869
    Keeping support as SL, can i enter SBIN 2400CE at CMP,
    SBI looks strong, whats the Tgt/SL?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 10:02 AM

      Good Morning Krishna, Can enter SBIN CE in small qty with strict SL at 2344

      Delete
  7. SAIDecember 21, 2012 at 9:56 AM

    Hi Sunilji Good Morning.

    ReplyDelete
  8. MaheshDecember 21, 2012 at 9:56 AM

    Thank you Sunil Ji...

    ReplyDelete
  9. Mahender Reddy PulakandlaDecember 21, 2012 at 10:02 AM

    Sunil, Can we go long on Nifty .... on these dips for Jan Future Expiry?


    ReplyDelete
  10. UnknownDecember 21, 2012 at 10:04 AM

    Sir, Whats the 2nd.Support of Nifty?
    Update the chart.

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 10:09 AM

      Multiple supports for Nifty: 5869, 5859, 5847, 5829, 5797.
      Already updated. :)

      Delete
    2. UnknownDecember 21, 2012 at 10:15 AM

      Thanks
      Market is down due to profit booking or global cues?
      asia,eu,us Fut are all red, US 30 fut -200.
      Is there any chance for correction after opening EU market?

      Delete
    3. UnknownDecember 21, 2012 at 10:23 AM

      Most Welcome. Market is weak due to weak global cues. Not likely to see any major correction before expiry

      Delete
  11. Hamdan HarrisDecember 21, 2012 at 10:30 AM

    Hello Goodmorning Sunil Ji
    Holding MARUTI and ASIAN PAINT..both January futures..what's ur view on these?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 10:33 AM

      Good Morning chippa, Both are trading above support levels, May likely give a bounce. Maruti support at 1505 and Asian Paints support at 2346.

      Delete
  12. UnknownDecember 21, 2012 at 10:33 AM

    Thanks,
    Your analysis are firm, confident & perfect.
    Most of the analyst are in between yes & no.

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 10:41 AM

      I second Krishna's opinion...As i had mentioned earlier as well, there are times when i feel as if you are guiding the markets rather than the otherway round!
      :-)

      Delete
    2. UnknownDecember 21, 2012 at 10:42 AM

      Most Welcome. Thanks for your kind comments.

      Delete
  13. UnknownDecember 21, 2012 at 10:45 AM

    Sir,
    whats the tgt/sl of INFY?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 10:51 AM

      Resistance at 2332, Support at 2290, 2269. Advisable to go long after it breaks and sustains above 2332

      Delete
  14. Hamdan HarrisDecember 21, 2012 at 10:50 AM

    hi sunil ji
    tcs has broken the resistance level of 1250..can i enter in it for a month? what do u advise?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 11:00 AM

      Hi chippa, Can be entered on dips near 1232-1243 with sl below 1208 for target of 1275. Not sure of entering it for a month as yet.

      Delete
  15. UnknownDecember 21, 2012 at 11:08 AM

    Hi Sunil,
    I'm thinking about Tata Steel Jan 500CE. Please let me know what u think. Thanks.
    -Shammi

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 11:19 AM

      Hi Shammi, Has already rallied quite a lot. However, can enter on dips for target of 440.

      Delete
  16. UnknownDecember 21, 2012 at 11:18 AM

    Sirjee do you see nifty recovering again to 5900 in second half? And where do you see expiry, near 5800 or near 5900?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 11:29 AM

      May see some recovery later during the day. Expiry is tough to predict when Nifty is directionless. Likely to break out of the range on or just after expiry. As such, we may see expiry near 5850 or 5950.

      Delete
    2. UnknownDecember 21, 2012 at 11:39 AM

      The reason for askin about expiry is, i am holding 6200ce at a loss rightnow, but the way last expiry the call options suddenly gave a jump, if at all we see a jump this time i can recover some amount...Last expiry was so amzing in gains,i remember the call going from 0.7 to 35...in a day.

      Delete
    3. UnknownDecember 21, 2012 at 11:53 AM

      Hi Aabha, Holding options in deep loss and expecting amazing gains near expiry would not be wise. If I remember correctly, Nifty gave exceptional moves during expiry in Feb 2011 and then in Nov 2012. As such, chances of such moves are very rare.

      Delete
    4. UnknownDecember 21, 2012 at 12:11 PM

      hmm...not much quantity anyway sir. and selling at cmp wnt give anything any way, so might as well take the chance...

      Delete
  17. Mahender Reddy PulakandlaDecember 21, 2012 at 11:25 AM

    Hello Sunil,

    What your view on RELCAPITAL?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 11:31 AM

      Hi Mahender, Seems to have taken support at support level of 468, may head upto 480, 486

      Delete
    2. Mahender Reddy PulakandlaDecember 21, 2012 at 11:34 AM

      Cool...

      Delete
  18. Hamdan HarrisDecember 21, 2012 at 11:57 AM

    sirji
    my broker says sell bata..is it advisable?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 12:32 PM

      Hi chippa, Sorry, Not tracking that scrip online.

      Delete
    2. Hamdan HarrisDecember 21, 2012 at 12:39 PM

      its ok.....can we expect a bounce back of nifty soon? what do u say about jan futures? long or short

      Delete
    3. UnknownDecember 21, 2012 at 12:45 PM

      Nifty is currently range bound. Would advise to enter a directional trade in Nifty once it breaks out of the range. Wait for closing above 5948 or closing below 5847 to enter long or short respectively.

      Delete
  19. anupDecember 21, 2012 at 12:54 PM

    hi Sunil sir 7 aabha... one question: how is zerodha... how much it charges for intraday equities and options trading?..do you recomend zerodha?

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 1:09 PM

      Hi anup, zerodha is best suited for a regular online trader. Brokerage charges are Rs.20/- per trade immaterial of quantity.

      Delete
    2. anupDecember 21, 2012 at 1:10 PM

      sir, what about intraday equity trading?

      Delete
    3. UnknownDecember 21, 2012 at 1:15 PM

      Anup...its the best...i am really happy with them. 20 rs flat per tradeapplies to intraday/delievry in equities/options/future...all at 20 plus taxes. savings on brokerage as compared to most other brokers are good...

      Delete
    4. UnknownDecember 21, 2012 at 1:15 PM

      Brokerage is Rs.20/- per trade or 0.01% whichever is lesser. Check out their brokerage calculator on their website zerodha.com

      Delete
  20. anupDecember 21, 2012 at 1:33 PM

    thanks a lot, guys will be opening zerodha account shortly, i can give any of ur reference so that u will earn points...

    ReplyDelete
  21. UnknownDecember 21, 2012 at 1:41 PM

    Nifty has held strongly to the hourly support of 5869... Nifty may likely show a bounce to 5895-5899 intraday

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 1:59 PM

      holding the 6000 ce at 6.8. lets hope Nifty does give a the bounce...but news is the fiscal cliff talks have failed though havn't confirmed it...

      Delete
    2. UnknownDecember 21, 2012 at 2:07 PM

      Thanks Aabha, was not aware of the news. Nifty finally failed to hold above 5969 on 2pm bar. Would advise to exit near cost for now.

      Delete
  22. UnknownDecember 21, 2012 at 2:43 PM

    Sir if Nifty try to close below 5847 , can we enter JAN 5600 PUT .

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 2:57 PM

      Hi Sonu, Will wait till Monday to enter any fresh trades.

      Delete
  23. UnknownDecember 21, 2012 at 2:58 PM

    Ok Sir Thanks .

    ReplyDelete
  24. UnknownDecember 21, 2012 at 3:15 PM

    Sir whether nifty can manage to close in the range 5870-74,difficult
    Gravitational force is now acting on Nifty

    ReplyDelete
    Replies
    1. UnknownDecember 21, 2012 at 3:24 PM

      Not Likely. Hopefully it should close above 5847.

      Delete
    2. UnknownDecember 21, 2012 at 3:36 PM

      Sir,its just above 5847,what does it mean, good hope to hold the range.Anyway will be seen on monday.
      wishing you pre-xmas happy weekend.

      Delete
    3. UnknownDecember 21, 2012 at 3:56 PM

      Closed just at the support level. Technically support has not been breached as yet. Will have to wait for Monday closing. If it fails to bounce back on Monday, we are likely to see lower levels of 5797, 5744.
      Thanks and wish you the same.

      Delete

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