Nifty Trades for 24/12/2012

54 Comments
24/12/2012 09:00  Trend: Negative, SL: 5874


  1. Hi Sunil Rao, GM.
    Saw your message this morn' .Thanks a lot AND WISH YOU THE SAME ..
    Wish you a very happy XMAS
    &
    A WONDERFUL YEAR AHEAD!
    Take good care of your health plz..
    Gitanjali.

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    Replies
    1. Hi Gitanjali, Good Morning. Thanks. Have a great day ahead.

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  2. Hi SR, Can I but Nifty 5900 PE (DEC) at CMP

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  3. Hi SR, Good morning
    How do you expect Nifty's movement today?

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    Replies
    1. Hi Krishna, Positionally, Nifty is weak below 5869, has good support near 5847 level. Nifty likely to trade in a small range till expiry.

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    2. Thanks,
      Sir IT is very strong today,
      Whats the Tgt/sl of INFY?

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    3. Most Welcome. Strong Resistance for Infy at 2332-2335. Support: 2269.

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  4. Hi Sunil,

    Good morning! My first post in this forum :)

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  5. Hi SR sir, Good Morning!! Any stock positional call from your side?

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    Replies
    1. Good Morning Vibhor. Not yet. Lets wait till expiry.

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    2. ok sir Thanks!!.. By your recommendation, I have earned a decent profit in TATA MOTORS. Thanks. I want to ask one thing. I got a call from a company, who has developed his software on stocks. Software gives buy and sell call automatically on 1,2,3,5,10,60 and daily chart. Should I buy that software or not?

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    3. Most Welcome. Nice to know you booked profits. Not sure of the software. Ask for a trial version and backtest it for some time. Buy only if you are personally satisfied.

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  6. Good Morning Sunil/Aabha/Krishna/Gita.
    How are you doing?

    What's the view of the market/NIFTY for this week?

    Thanks
    Mahy

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    1. What are the view on JP? can we get into at current level for Jan Series... please share your thoughts

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    2. Good Morning Mahender, Nifty likely to trade range bound till expiry.

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    3. JP looks weak for now below 102. Enter on dips omly after it breaks above 102.

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  7. Replies
    1. Strong support near 1575. Short only if it sustains below 1575.

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  8. Hello Sunil, Any Stock specific Trading Ideas for this range bound market?

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    1. Hi Mahender, Always difficult to trade these range bound markets. Always better to wait for breakouts.

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    2. Yeah, That's Right.
      I completely agree with you on that :)

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  9. Sir I am holding around 3 Lakh in Mutual Fund with some profit . Can I sell 1 or 2 FEB 6100 Calls against my portfolio .

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    Replies
    1. Hi Sonu, Wait till expiry, then checking with OI in Jan can sell appropriate Feb call against your portfolio.

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  10. Hey Sunil

    Where the nifty straddle standing now? :)
    how much Profit on it.

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  11. Ok Sir , Thanks . Please also advice for IDBI 350 shares holding @ avg of 110 .

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  12. Sunil, Can TCS test 1280 today (before expiry)?

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  13. Hi Sunil,
    Bought Reliance Infra 500 JAN PUT @12.. what is reisstance and support level

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  14. Sunil, Levels for ICICIBANK? (multiple levels pls, for Jan Expiry)

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    Replies
    1. Hi Mahender, Support: 1105-07, Res: 1128, 1139

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    2. Thank you Sunil,
      Do you think it is advisible to enter Banking Stock now for Jan Expiry?

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    3. Wait till expiry. Nifty likely to break the range very soon. As of now, seems may break down of the range. But downside is limited.

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  15. Sir can we buy JAN 6200 / 6300 calls with sl of 5800 .

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    Replies
    1. Not Sure as yet. Nifty likely to break the range soon.

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