Nifty Trades for 26/12/2012

95 Comments
26/12/2012 09:00  Trend: Negative, SL: 5874
26/12/2012 11:20  SL Triggered, Trend: Positive, SL: 5852
26/12/2012 11:35  SL Trailed: 5873
26/12/2012 11:55  SL Trailed: 5880
26/12/2012 12:40  SL Trailed: 5888


  1. Replies
    1. Good Morning Mahender, Support: 1247, Res: 1270, 1287, 1304

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    2. Most Welcome. Nifty Resistance at 5869, 5895, Support 5847

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    3. JPASSOCIAT Resistence for intraday please.

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    4. Okay Thank you.
      I'm HOLDING a Jan 100CE, shall I book profits on it around 99, or can go up??
      No chance for partial profit booking (holding only 1 lot) :)
      Please share your thoughts.

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    5. In that case would advise to book. May re-enter again on dips after it breaks 102.

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    6. Sunil,
      ICICIBANK is moving in very narrow range... any reason
      Levels for it pls?

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    7. Entire markets moving in a small range. Res: 1128, 1139, Sup: 1107

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    8. Sunil,

      Can we enter TataMotors ar current levels for jan series?
      if so please suggest entry and exit levels.

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  2. HI SR,

    Please let me know if I can sell 5900 call today(CMP:11.00).

    Thanks,
    Ramesh

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  3. Hello SR,

    Good morning. Holding 5900 put 5 lots..can we see nifty any downside today.

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    Replies
    1. Good Morning Ravii, If Dec series, hold with strict SL above 5874 and try to exit on rise.

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  4. good morning Sunilji
    is nifty trend still negative? or can we see any higher levels?

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    Replies
    1. Good Morning chippa, Nifty is weak below 5869, but strong support at 5847.

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  5. Hi SR,

    I have a doubt..

    If I sell Nifty 5900 put at 11 and if is 9 by tomorrow then I need to buy back them or is there any other thing happens.

    Thanks

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    Replies
    1. You need to buy them back, if not, they get squared off automatically at last traded price. Automatic thing will cost you additional charges. Better to but it yourself just 2-3 min before close.

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    2. Hi Ramesh, If you sell an option and are in profit, you may book it any time. If you are in profit at expiry, then there are 2 possibilities:
      1. The option expires Out of Money - No need to square Off (But pls. confirm with your broker).
      2. The option expires In the Money - Buy back just near expiry to avoid paying excess STT.

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  6. Good Morning Sunil, Have been away, blessed with a baby girl :)

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    Replies
    1. Congratulations on becoming a proud father. May God bless your baby. :)

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    2. Congrats Paritosh.
      That's great news, more responsibility on your shoulders.
      Have fun.

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  7. Hi SR, What about SBIN today..? Can u pls suggest up/dwn target..?

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  8. Hello Sunil,

    NIFTY remains me of Aabha. :)
    Near expiry ... sudden up move.

    great going.

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    Replies
    1. did smeone mention my name? :-)
      SR sir y the jump? ny news?

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    2. did smeone mention my name? :-)
      SR sir y the jump? ny news?

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    3. Haha ... :) it's ME :)
      Good to see you dear.

      How are you doing?

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    4. Hi Aabha, Its a bounce from the support of 5847 which was held 2 consecutive days.

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  9. hi sunil.. Is it the right time to short jan CE's

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  10. HI SUNIL , CAN 5900 PUT JAN EXPIRY BE BOUGHT AT CURRENT LEVELS FOR ...INTRADAY GAINS?

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    Replies
    1. Hi Pradip, Not sure as yet. Nifty is in no trade zone between 5895-5948.

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  11. Hi sunil , for intra-day gains which is the best chart to be followed and where can we get online?

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    Replies
    1. Hi Pradip, Can use 5/15 min charts for intraday. Not sure of the websites.

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  12. Hi Sunil,

    Can we enter TataMotors ar current levels for jan series?
    if so please suggest entry and exit levels.

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    Replies
    1. Technically, looks good for entry above 307, can see 317 with SL at 304. However, was hearing some news about JLR recall which may have a negative impact on the stock.

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  13. Hi Sunil, Where do you see TCS closing today?

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    Replies
    1. Not sure as yet. If it manages to break above 1270, can see 1287.

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  14. hi sunil , your views on BHEL can it be shorted ?

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    Replies
    1. No, Can go long on it if it sustain above 232.

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  15. Hi Sunilji,

    Today Europe markets are holiday?


    Thanks
    Vijendra

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  16. Sunilji.. Did u exit ur short strangle? Wat are its returns..

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    Replies
    1. Did not exit yet. Planning to hold it till expiry if SL is not triggered. Currently its value is near 5, shorted near 55.

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    2. The upmove today made it easy to hold on. Now Nifty is near the mid of the range and gave us the scope of 100 points movement either direction on day of expiry. :)

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    3. WoW... \m/ \m/. Thats a perfect short strangle.. Great analysis.. Hats off..

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    4. Its at 3 now...You rock sir!

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  17. Replies
    1. Hi Mahender, Support: 223, Resistance: 232. A Break above 232 can trigger an upmove to 240.

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    2. Next Resistance near 1158-1161

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    3. ah .. great sunil.:)
      Can ICICIBANK test those levels in one o two weeks..?

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    4. Quite likely if markets remain positive. :)

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  18. Sunil,

    multiple Levels for Relianc for Jan Expiry?
    Please share your thoughts

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  19. Sir can we buy JAN 6200 or 6300 CALLs with SL of 5895 .

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  20. sir any call or put tht cn b sold for expiry gains?

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    Replies
    1. Ok sirjee, thank you. Do you expect a similar upmove in Nifty tommorow as well?

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    2. Could be quite volatile due to expiry and may try to break out of the range before close tomorrow.

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  21. Do you expect any significant upmove tommrow again in Nifty?

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  22. holding tata steel shorted at 430. shall i exit today itself or worth holding till tomo?

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  23. Thanks sunil... again.
    have a good evening to you and Aabha.

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  24. Sir shall I sell Feb 6100 CALL against my mutual fund portfolio of 3 Lacs.

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    Replies
    1. Hi Sonu, Wait for a few days to get a clear picture of Option OI data for the month of Jan. As of now, Jan 6000CE contains the max OI and as such, you may sell Jan 6000CE on rise but may need to switch to a higher/lower call after confirmation of max OI in the coming week.

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