Nifty Trades for 04/01/2013

Jan 4, 2013 9:00 AM
81 Comments
04/01/2013 09:00  Trend: Positive, SL: 5985
04/01/2013 13:10  SL Triggered, Trend: Negative, SL: 6002
04/01/2013 14:15  SL Triggered, Trend: Positive, SL: 5984
04/01/2013 14:30  SL Trailed: 5988
04/01/2013 15:15  SL Trailed: 6000


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  1. Mahender Reddy PulakandlaJanuary 4, 2013 at 9:11 AM

    Good MOrning Sunil...

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaJanuary 4, 2013 at 9:17 AM

      Can we hold on to longs? with view of 1-2 weeks

      Delete
    2. UnknownJanuary 4, 2013 at 10:22 AM

      Good Morning Mahender, Yes, hold for now as long as Nifty holds above 5959.

      Delete
    3. Mahender Reddy PulakandlaJanuary 4, 2013 at 10:34 AM

      Thank you.
      Everything under control? :)

      Delete
    4. UnknownJanuary 4, 2013 at 10:41 AM

      Most Welcome. Time to buy. Nifty likely to touch 6130-50 in Jan

      Delete
    5. Mahender Reddy PulakandlaJanuary 4, 2013 at 12:26 PM

      great, Shall I buys some Nifty Calls or Stock Options?
      If stock options .. let me know your those stocks and strikes

      Thanks
      Mahy

      Delete
    6. Mahender Reddy PulakandlaJanuary 4, 2013 at 12:30 PM

      Can we enter TataSteel at current levels?

      Delete
  2. AmitviratJanuary 4, 2013 at 9:29 AM

    GM sunil..plz share ur views on apollo tyres n relinfra long n nmdc short?

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 10:26 AM

      GM Amit, Book profits in rel infra for now near 552-553. Not tracking the rest.

      Delete
  3. UnknownJanuary 4, 2013 at 10:29 AM

    Hi Sunil, Gm, HDFC positional Call is valid now.. Past one hour it is trading below 835...Can i enter Nifty call now...

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 10:38 AM

      Hi Rohit, GM, Yes, Its still valid, SL has been revised to 828.

      Delete
    2. rameshbJanuary 4, 2013 at 11:27 AM

      HI SUNIL ,would you advice entering hdfc in options?

      Delete
    3. UnknownJanuary 4, 2013 at 11:46 AM

      Hi ramesh, yes, can enter in small qty.

      Delete
  4. Mahender Reddy PulakandlaJanuary 4, 2013 at 10:36 AM

    Sunil,

    What's ur view on PowerGrid Jan Futures?
    will it test 117/118? in this expiry

    Thanks
    Mahy

    ReplyDelete
  5. RobotguyJanuary 4, 2013 at 11:01 AM

    Hi Sunilbhai,

    Nice to note your positional trades... Congratulations...May u succeed in all your activities...All the best...

    Thanks
    Robotguy

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 11:19 AM

      Hi Robotguy, Good Morning. Thanks :)

      Delete
    2. RameshJanuary 4, 2013 at 1:17 PM

      Hi RobotGuy,

      Where were you guys, its been long time.


      Delete
  6. DAlertsJanuary 4, 2013 at 12:23 PM

    Hi Sunil,
    Bought hdfc 880ce @ 4.55. Pls let me know the hold period.

    ReplyDelete
  7. RameshJanuary 4, 2013 at 1:16 PM

    Hi SR,

    Can we enter in Nifty Longs

    Thanks,
    Ramesh G

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaJanuary 4, 2013 at 1:32 PM

      As far as I understood,
      Around 5980-5990 levels one can go long on NIFTY. (On Dips also)
      With SL of 5945.

      right now it is some where around it.

      Delete
    2. UnknownJanuary 4, 2013 at 2:40 PM

      Hi Ramesh, Hope Mahender reply helped.

      Thanks Mahy :)

      Delete
  8. Mahender Reddy PulakandlaJanuary 4, 2013 at 1:17 PM

    Go Long on NIFTY at days low ... If you think Nifty is going for 6100 in Jan as Sunil said. This is good time I guess.

    ReplyDelete
    Replies
    1. RameshJanuary 4, 2013 at 1:39 PM

      Thanks Mahendar

      Delete
    2. Mahender Reddy PulakandlaJanuary 4, 2013 at 1:52 PM

      To Every1 ... know your risk and reward Before you enter your trade. if you feel comfortable then only enter.

      Trading is sort of gambling but we need to be wise and discipline in order to make money. Stick to plan.
      Don't get emotional.

      Delete
  9. UnknownJanuary 4, 2013 at 1:23 PM

    GOOD AFTERNOON SIR, CAN I OPT FOR 6300CE AT 8.00..

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaJanuary 4, 2013 at 1:29 PM

      Hi Arjun, way too out of the money dude, prefer 6100 instead.
      Check with Sunil as well on this.

      Delete
    2. UnknownJanuary 4, 2013 at 2:07 PM

      THANK U MAHENDER SIR. ITS JUST THAT I HAVE ALLOTTED A FIXED AMOUNT FOR SR SIRS OTM CALL WHICH HE GIVES ONCE A MONTH. ITS BEEN 5 TIMES HE HAD GIVEN OR I HAVE FOLLOWED. I WAS JUST CHECKING WHETHER IT IS ONE OF THOSE CALLS? BUT I DO APPRECIATE YOUR EFFORT.

      Delete
    3. UnknownJanuary 4, 2013 at 2:38 PM

      Good Afternoon Arjun, Would advice to add 6200CE on dips as max OI is now at 6200.

      Thanks Mahy. :)

      Delete
    4. Mahender Reddy PulakandlaJanuary 4, 2013 at 2:57 PM

      It is all about sharing knowledge. That's All.
      Most welcome Sunil/Arjun.

      Delete
  10. UnknownJanuary 4, 2013 at 1:24 PM

    Hi SR, Many Experts says that nifty will come down to fill the gap(5950)before moving upwards. Is it necessary for nifty to fill the gap before moving upwards?







    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 2:36 PM

      Its quite unlikely nifty will try to fill in the gap, as the gap itself provides support as shorts would be covered on every dip pushing nifty higher. Currently Nifty supports are at 5982 and 5959 and next target is 6052.

      Delete
    2. UnknownJanuary 4, 2013 at 3:04 PM

      ok thanks sir...

      Delete
  11. Mahender Reddy PulakandlaJanuary 4, 2013 at 1:38 PM

    Booked 2% Profits on PowerGrid Jan Fut. (Intraday).

    ReplyDelete
  12. ShivJanuary 4, 2013 at 2:22 PM

    target for hdfc is still the same as mentioned..

    ReplyDelete
  13. UnknownJanuary 4, 2013 at 2:33 PM

    Sorry all, Power Failure, Just came back online.

    ReplyDelete
  14. UnknownJanuary 4, 2013 at 3:12 PM

    Hi SR, If we want to ask you something about stocks in evening then what is the procedure to ask?

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 3:21 PM

      Hi Vibhor, Just post your queries as a comment.

      Delete
  15. Mahender Reddy PulakandlaJanuary 4, 2013 at 3:12 PM

    Booked 11% profit on JPAssociat (positional) (could have made 35+% on it, I learned my lesson)
    Booked 9% profit on JPAssociat (intraday)
    Booked 5% profit on IVRCLINFRA (positional)


    ReplyDelete
  16. UnknownJanuary 4, 2013 at 3:15 PM

    And one more thing. Many of us holding apollo tyres in their portfolio. But we know that you don't track apollo tyres. So sir it a request to you that kindly track this scrip and tell us that what should we do.

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaJanuary 4, 2013 at 3:21 PM

      Hi Vibhor,

      "This is my personal view. "

      It is facing resistance around 90.
      if you are sitting on profits book it for now.

      In the markets u'll find lots of opportunities.

      Thanks
      Mahy

      Delete
    2. UnknownJanuary 4, 2013 at 3:23 PM

      Okay will add it to my list during this weekend.

      Delete
    3. UnknownJanuary 4, 2013 at 3:41 PM

      ok sir.. thanks..

      Delete
  17. Mahender Reddy PulakandlaJanuary 4, 2013 at 3:15 PM

    What's ur view on LT Sunil.

    Holding on it for long time, as a result, sitting on losses with it for now.

    Please share your thoughts Sunil.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 3:24 PM

      Is consolidating after a breakout, upmove likely coming soon. Targets: 1682, 1709.

      Delete
    2. Mahender Reddy PulakandlaJanuary 4, 2013 at 3:28 PM

      That's Good news for me.
      I'm looking forward to it.

      For BTST, I've shorted NIFTY Jan 6200CE@23.9

      Delete
    3. UnknownJanuary 4, 2013 at 3:36 PM

      Hi Mahender, Avoid shorting Nifty options this series, Nifty may gives large swings during Jan.

      Delete
    4. Mahender Reddy PulakandlaJanuary 4, 2013 at 3:40 PM

      Sure, Sunil.

      I'll square it off on Monday open.

      Delete
    5. UnknownJanuary 4, 2013 at 3:46 PM

      Okay. One tip if you wish to short options. Short Option pair on Thursday near 2:30pm and cover it Friday just before close or on Monday just after opening and get the benefit of the weekend decay.

      Delete
    6. Mahender Reddy PulakandlaJanuary 4, 2013 at 3:49 PM

      That's Interesting.

      pair means : 6200 CE and 5800PE, right for now?
      Let more clarity on it. Got the overall gist but not with details.

      Delete
    7. UnknownJanuary 5, 2013 at 3:34 AM

      Pair means CE and PE. Larger range like 6200CE and 5800PE is good if you are holding for a longer period. But for 1-2 days gains, shorts ATM options based on Nifty Futures price. If Nifty Futures is near 6000, short 6000CE and 6000PE. And if Nifty Futures is near 6050, short 6100CE and 6000PE. As ATM options are priced high, we get a large trading range for Nifty.

      Delete
  18. YOUSUFJanuary 4, 2013 at 3:28 PM

    sir, can i buy optocircuit 115 Ce option? it is not moved in this mkt rally, your valuble opnion

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 3:38 PM

      Hi Yousuf, Not tracking it online. Will check it offline and reply later in the evening.

      Delete
  19. SAIJanuary 4, 2013 at 3:33 PM

    Hi Sunilji, Thanks for HDFC call cleared in intraday.

    ReplyDelete
  20. raviiJanuary 4, 2013 at 3:34 PM

    Hello SR,

    I am holding 2 lots of 6000 CE near 6000 and took 6000 pe as a hedge near 6019( nifty).

    Can we see 6050 on monday if global mkts close flat or positive?

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2013 at 3:40 PM

      Hi Ravii, Nifty has given a bullish close on a weekly basis but is positive on daily charts. We are likely to see 6052 and 6099 next week but not sure of Monday.

      Delete
  21. UnknownJanuary 4, 2013 at 3:52 PM

    hi SR sir, one personal question.. I want to learn about technical analysis and mainly about the breakouts. How we can learn about these things.

    ReplyDelete
    Replies
    1. UnknownJanuary 5, 2013 at 3:57 AM

      Hi Vibhor, Hope these link helps.

      http://stockcharts.com/school/doku.php?id=chart_school:overview:technical_analysis

      http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis

      Delete
  22. Mahender Reddy PulakandlaJanuary 4, 2013 at 4:11 PM

    Consider http://tradingideasexchange.blogspot.in
    for swing calls

    ReplyDelete
  23. UnknownJanuary 4, 2013 at 4:12 PM

    Also want to know that whether bhel has given a breakout today?

    ReplyDelete
    Replies
    1. UnknownJanuary 5, 2013 at 4:03 AM

      Bhel had given a breakout on 01/01/2013 closing above 232, First targets was near 240-41, next is near 245. Overall the scrip looks strong and may head higher to 252 above 245.

      Delete
  24. Mahender Reddy PulakandlaJanuary 4, 2013 at 4:20 PM

    Thank you Sunil for you Advise.
    Have a nice evening/Weekend.

    Have fun.

    ReplyDelete
    Replies
    1. UnknownJanuary 5, 2013 at 4:03 AM

      Most Welcome. Thanks and Have a Great Weekend you too. :)

      Delete
  25. Mahender Reddy PulakandlaJanuary 4, 2013 at 5:17 PM

    Here is a Joke for you folks ... (naughty mind)

    "One Day, Little Johnny was in Hospital. He asked the Doctor, "How are these Gloves Made?"

    The Doctor Explained, "In the Company, there is a big drum full of molten rubber, so, they make people dip their hands inside, then the hand is waved in the air for a few seconds to make the rubber dry, then the glove is peeled from the hand."

    Johnny, "What about different sizes?"

    Doctor, "Well, the Company have employed very many people with different hand sizes!"

    Johnny seemed ok with the Doc's explanation. Then after few minutes he laughed really loud.

    Doctor, "Why have you laughed?"

    Johnny, "I was just thinking of how condoms are made."

    :D

    heheheh

    ReplyDelete
  26. RamJanuary 4, 2013 at 7:37 PM

    HI Sunilji,

    I am long on JPAssociates (@99)
    where shall I book profit?
    Will it go above 102?
    Where is the resistance?

    ReplyDelete
    Replies
    1. UnknownJanuary 5, 2013 at 4:09 AM

      Hi Ram, Has resistance near 102. Overall is showing an accumulation pattern indicating a likely positive breakout above 102 levels to 105.5-106 levels.

      Delete
  27. UnknownJanuary 5, 2013 at 3:23 PM

    hi SR, do You see a breakout in icici bank on 2nd january.

    ReplyDelete
    Replies
    1. UnknownJanuary 5, 2013 at 8:28 PM

      Hi Vibhor, ICICI replicates the chart patterns of Nifty and BankNifty. The breakout was on 1st Jan, closing on a 52-week high above 1150. The breakout was confirmed on 2nd by a runaway gap which would be acting as support.

      Delete
    2. UnknownJanuary 6, 2013 at 6:01 PM

      ok sir.. Thanks..

      Delete
  28. UnknownJanuary 6, 2013 at 6:09 PM

    Hi SR, Have you add apollo tyre to your list?

    ReplyDelete
  29. UnknownJanuary 6, 2013 at 6:22 PM

    Hi SR, Do you see any breakout in Ambuja Cements?

    ReplyDelete
    Replies
    1. UnknownJanuary 7, 2013 at 9:01 AM

      Hi Vibhor, Ambuja is facing resistance near 208.5, can see a breakout above it.

      Delete

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