Nifty Trades for 08/01/2013

Jan 8, 2013 9:00 AM
142 Comments
08/01/2013 09:00  Trend: Negative, SL: 5998
08/01/2013 10:35  SL Trailed: 5990
08/01/2013 12:10  SL Trailed: 5985
08/01/2013 14:10  SL Triggered, Trend: Positive, SL: 5966
08/01/2013 14:15  SL Trailed: 5974
08/01/2013 15:05  SL Trailed: 5984


If you like this post, be sure to share it with your friends!
Its the best way to say a "Thank you"
  1. Mahender Reddy PulakandlaJanuary 8, 2013 at 9:23 AM

    Good Morning Sunil.

    Everything under control now? :)
    We missed you alot yesterday.

    good to see you back online again.

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 9:29 AM

      Good Morning Mahender, Looks like everything is fine now. Lets hope for the best. Thanks :)

      Delete
    2. Mahender Reddy PulakandlaJanuary 8, 2013 at 9:33 AM

      Nice to know :)
      LT at its support levesl ... can I average it at this levels?

      Delete
    3. UnknownJanuary 8, 2013 at 9:46 AM

      LT is trading below support levels of 1600. Not advisable to avg now.

      Delete
    4. Mahender Reddy PulakandlaJanuary 8, 2013 at 9:53 AM

      Okay Thank you.

      Delete
  2. UnknownJanuary 8, 2013 at 9:26 AM

    Hi SR, Good morning
    Yesterday entered 6200CE at 5980 level
    Whats the SL and Tgt?

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 9:29 AM

      Hi Krishna, Good Morning, Hold for now with sl below 5959 (hourly closing), for targets of 6052 and 6098

      Delete
    2. UnknownJanuary 8, 2013 at 9:32 AM

      Thanks sir,

      Delete
    3. UnknownJanuary 8, 2013 at 9:33 AM

      Most Welcome.

      Delete
  3. YOUSUFJanuary 8, 2013 at 9:37 AM

    Good morning sir

    ?
    can i use todays dip (5965-50)for enter 6000ce?

    ReplyDelete
  4. UnknownJanuary 8, 2013 at 9:40 AM

    Sir,
    can i enter SBIN 2550CE? SL/Tgt pl.

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 9:44 AM

      Hi Krishna, Can see 2520-22. Keep sl at 2455 (hourly closing)

      Delete
  5. Mahender Reddy PulakandlaJanuary 8, 2013 at 9:47 AM

    Hello Sunil,

    LT at its support levesl ... can I average it at this levels?

    Intraday Levels for Powergrid jan future? (Holding 1 lot)

    ReplyDelete
  6. SAIJanuary 8, 2013 at 10:03 AM

    GOOD MORNING SUNILJI. Holding HDFC. Shall I continue to hold

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 10:23 AM

      Good Morning Sai, If possible, hold hdfc for some time. Has strong support near 820 levels and may likely bounce back

      Delete
    2. SAIJanuary 8, 2013 at 11:01 AM

      OK HOLDING WITH HOPE. THANKS

      Delete
  7. Mahender Reddy PulakandlaJanuary 8, 2013 at 10:37 AM

    Sunil,

    Do we see some downside on NIFTY? if so
    Give me support levels pls.

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 10:42 AM

      I doubt Nifty will break the strong support near 5959-5966. Likely to bounce from here.

      Delete
    2. Mahender Reddy PulakandlaJanuary 8, 2013 at 10:54 AM

      Okay Sunil.
      Will wait then

      Delete
    3. UnknownJanuary 8, 2013 at 10:56 AM

      5965 was the higher end of the range Nifty held out during Dec and broke out in Jan. This is just a re-test of the breakout level before continuation of the journey ahead to 6100+ levels.

      Delete
  8. nishantbJanuary 8, 2013 at 10:39 AM

    Goodmorning Sunil Sir,

    Just wanted to know your views on JP associates holding 105ca@ 2.2 kindly let me know that shall i average it at cureent price of 1.45 ? or continue to hold

    ReplyDelete
  9. UnknownJanuary 8, 2013 at 11:01 AM

    Sir, is there any trigger in the global market within 1-2 days for uplifting the Nifty into the 6000 level?

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 11:06 AM

      Not sure of any trigger, but this is just a small retracement on the larger timeframe, Nifty is likely to head ahead to 6100+ levels from here.

      5965 was the higher end of the range Nifty held out during Dec and broke out in Jan. This is just a re-test of the breakout level before continuation of the journey ahead to 6100+ levels.

      Delete
    2. UnknownJanuary 8, 2013 at 11:14 AM

      Good Morning SR sir...Based on this analysis can we enter a 6000 or 6100 ce here?

      Delete
    3. UnknownJanuary 8, 2013 at 11:19 AM

      Hi Aabha, Good Morning, Yes, can enter 6100CE

      Delete
    4. UnknownJanuary 8, 2013 at 11:31 AM

      Thank you sir...will enter at days low now.

      Delete
    5. Mahender Reddy PulakandlaJanuary 8, 2013 at 11:33 AM

      Hello Abaha

      How are u doing?
      Belated New year wishes to u.

      Delete
    6. UnknownJanuary 8, 2013 at 11:36 AM

      Most Welcome. I'm expecting Nifty closing near 6010-20 today.

      Delete
    7. Mahender Reddy PulakandlaJanuary 8, 2013 at 11:39 AM

      I'm looking forward to that Sunil.
      Seem optimistic for now.
      Lets wait and see...

      Delete
    8. UnknownJanuary 8, 2013 at 11:40 AM

      :)

      Delete
    9. UnknownJanuary 8, 2013 at 11:43 AM

      Hope our strong WILL power will lift Nifty to the desired level of SR.

      Delete
    10. UnknownJanuary 8, 2013 at 11:49 AM

      Thank you for your wishes Mahy...And wish the same to you...Hope new year has brought profits with it...:-)
      I was travelling for last fortnite so couldn't be online for long.

      Delete
    11. UnknownJanuary 8, 2013 at 12:10 PM

      oh oh...6020 looks difficult for today...

      Delete
    12. Mahender Reddy PulakandlaJanuary 8, 2013 at 1:43 PM

      Thank you Aabha.

      Good to know ...
      Still on trip? (where did u go for vacation?)

      Delete
    13. UnknownJanuary 8, 2013 at 2:48 PM

      not really a vacation...had a family wedding in Hyderabad. Now back to Pune.

      Delete
  10. UnknownJanuary 8, 2013 at 11:05 AM

    Sir,Pl. advise us a stock option (other than SBI) to enter wrt SL 5959.

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 11:08 AM

      Large caps are likely to do well if Nifty has to rebound from here.

      Delete
    2. Mahender Reddy PulakandlaJanuary 8, 2013 at 11:33 AM

      Sunil,

      any large caps on ur radar .. so that we can consider entering them (good picks).

      Please share your thoughts.

      Thanks
      Mahy

      Delete
    3. UnknownJanuary 8, 2013 at 11:42 AM

      My bet is still HDFC. Its likely to give a strong move after it crosses 830.

      Delete
    4. Mahender Reddy PulakandlaJanuary 8, 2013 at 11:45 AM

      Thank you.

      Delete
  11. UnknownJanuary 8, 2013 at 11:24 AM

    Hi SR, Can we enter in cairn india 360 call option?

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 11:31 AM

      Hi Vibhor, Not sure of entering at current levels. Has already rallied quite a bit. However, a high risk trade may be entered with sl at 336.5

      Delete
    2. UnknownJanuary 8, 2013 at 11:36 AM

      Sir as i have seen, the previous high of cairn india is 344, from where cairn came down. Yesterday it was struggling to close above 344. But it was unable. Do you see any breakout above these levels?

      Delete
    3. UnknownJanuary 8, 2013 at 11:44 AM

      Hi Vibhor, Cairn gave a breakout on 3/1/2013 above 323.

      Delete
    4. UnknownJanuary 8, 2013 at 12:14 PM

      ok sir

      Delete
    5. UnknownJanuary 8, 2013 at 12:17 PM

      Thanks sir..

      Delete
  12. AmitviratJanuary 8, 2013 at 11:26 AM

    Sunil..any views on NMDC or apollo tyres??

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 11:32 AM

      Hi Amit, sorry, not tracking these scrips.

      Delete
    2. UnknownJanuary 8, 2013 at 11:33 AM

      Sir please add apollo typre to your list...

      Delete
    3. AmitviratJanuary 8, 2013 at 11:35 AM

      no issues.. Thnx a lot for guiding with others.. :)

      Delete
    4. UnknownJanuary 8, 2013 at 11:45 AM

      Hi Amit, Most Welcome.
      Hi Vibhor, Will try to add it.

      Delete
  13. UnknownJanuary 8, 2013 at 12:21 PM

    Hi SR, Nifty is struggling to hold the support level.

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 12:27 PM

      Hi Vibhor, My point of view is Nifty is holding the support level firmly as yet. :)

      Delete
    2. UnknownJanuary 8, 2013 at 12:31 PM

      :)

      Delete
  14. Chitrang DalalJanuary 8, 2013 at 12:35 PM

    can i enter hdfc 860ce?

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 12:43 PM

      Enter once it sustains above 832 in small qty.

      Delete
  15. UnknownJanuary 8, 2013 at 12:44 PM

    Good Afternoon Sir, can i enter 2400ce jan series? thanks...

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 12:48 PM

      Good Afternoon Arjun, Which scrip?

      Delete
    2. UnknownJanuary 8, 2013 at 1:18 PM

      oh my apology infy scrip...

      Delete
    3. UnknownJanuary 8, 2013 at 1:28 PM

      No issues. Avoid infy for now. It is forming a reversal pattern.

      Delete
  16. UnknownJanuary 8, 2013 at 12:55 PM

    Hi SR, bought 6200 call @14.

    ReplyDelete
  17. UnknownJanuary 8, 2013 at 1:44 PM

    SR sir, have entered 6100 call at 34. let me know where to book.

    ReplyDelete
  18. UnknownJanuary 8, 2013 at 1:53 PM

    Hi Sir,
    After EU opening, a stiff positive trend is expected

    ReplyDelete
  19. UnknownJanuary 8, 2013 at 1:55 PM

    If Nifty closes above 5976 at 2pm, it will form a Bar Reversal on hourly charts and may see a sharp pullback

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 2:00 PM

      Reversal confirmed :)

      Delete
    2. UnknownJanuary 8, 2013 at 2:01 PM

      Thanks sir, hope for the best

      Delete
    3. UnknownJanuary 8, 2013 at 2:08 PM

      Sir, whether can't you display the hourly chart with the 5- mint.chart side by side

      Delete
    4. tarunJanuary 8, 2013 at 2:11 PM

      awesome Reversal :)

      Delete
    5. UnknownJanuary 8, 2013 at 2:16 PM

      Hi Krishna, will try to implement that if feasible.

      Hi tarun :)

      Delete
    6. UnknownJanuary 8, 2013 at 2:25 PM

      hats off to you sir..

      Delete
  20. UnknownJanuary 8, 2013 at 2:04 PM

    Sir holding 2 lots of 6200 Calls (Bought @ 24 each) , shall I shift to 6100 Calls or hold these . And also holding HDFC 860 Call (Bought @ 9.5) , Now came cost to cost . Shall I continue to hold .

    ReplyDelete
  21. AmitviratJanuary 8, 2013 at 2:07 PM

    Hi Sunil.. one questions... I understand how positional targets are identified..but how are intraday targets identified just from intraday charts?

    ReplyDelete
  22. MaheshJanuary 8, 2013 at 2:21 PM

    Hai Sunil jee...
    Can we hold HDFC for our previous targets ? holding 880 call at 4.30 now trading at 5.00 please suggest...

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 2:30 PM

      Hi Mahesh, Now the targets would be 842, 862.

      Delete
  23. UnknownJanuary 8, 2013 at 2:28 PM

    Sir,
    In your chart pl. also mention the 1st/2nd tgts. as mentioned previously.

    ReplyDelete
  24. MaheshJanuary 8, 2013 at 2:35 PM

    Hai SR.. Thank you...
    and also suggest... Holding L&T 1700 call at 12.. can we expect a bounce from here ? or exit with loss ?

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:19 PM

      Hi Mahesh, LT overall looks weak. Hold it a day or 2 and exit on a pull back.

      Delete
  25. UnknownJanuary 8, 2013 at 2:42 PM

    Sir I am holding only 1 lot of HDFC 860 Call (@ 9.5) , so I need to exit near 842 .

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:13 PM

      Hi Sonu, Book for now. Can re-enter again on dips.

      Delete
  26. Mahender Reddy PulakandlaJanuary 8, 2013 at 2:52 PM

    What's YOUR view on Titan Sunil.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:20 PM

      Sorry, Unable to look at that scrip right now. Will let you know later.

      Delete
    2. Mahender Reddy PulakandlaJanuary 8, 2013 at 3:26 PM

      Not a problem Sunil.

      Delete
  27. UnknownJanuary 8, 2013 at 3:05 PM

    WOW WOW WOW.. WHAT A RALLY.... SR YOU R GREAT...:)

    ReplyDelete
  28. Mahender Reddy PulakandlaJanuary 8, 2013 at 3:05 PM

    Sunil ... Tussi great ho ...
    Good Ananlysis .... markets above 6000.

    ReplyDelete
  29. UnknownJanuary 8, 2013 at 3:09 PM

    Hi Sir, marvellous,wonderful !!!
    1st tgt pl.

    ReplyDelete
  30. UnknownJanuary 8, 2013 at 3:11 PM

    Intraday traders may book profits in Nifty and HDFC.

    ReplyDelete
  31. ShivJanuary 8, 2013 at 3:13 PM

    SR sir i can hold nifty 6200ce and hdfc 860ce for tmrw both 1 lot..

    ReplyDelete
    Replies
    1. ShivJanuary 8, 2013 at 3:14 PM

      both from lower levels.. small profits in both

      Delete
    2. UnknownJanuary 8, 2013 at 3:14 PM

      Hi Shiv, Yes, Can hold them.

      Delete
    3. ShivJanuary 8, 2013 at 3:17 PM

      Must say wonderful analysis on the nifty close btw 6010-6020 looks possible.. :) nice one sir..

      Delete
    4. UnknownJanuary 8, 2013 at 3:24 PM

      Thanks Shiv. :)

      Delete
  32. MaheshJanuary 8, 2013 at 3:14 PM

    Hai SR Sir,
    Booked profit in HDFC and Nifty Calls... Thank you..

    ReplyDelete
  33. UnknownJanuary 8, 2013 at 3:20 PM

    Sir Thanks a lot I booked profit in HDFC 860 Call (Bought @ 9.5 and sold @ 10.90) . Great Call !!! . Sir now I am holding only 2 lots of 6200 call (bought @ 24 each) . Please advice .

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:22 PM

      Most Welcome and Thanks, Hold on 6200CE for 1-2 days.

      Delete
  34. YOUSUFJanuary 8, 2013 at 3:22 PM

    Sir,yes it is a clear dip, i enterd calls, can i exit or wait 1-2 days?

    do u think nifty closing abve6000

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:25 PM

      Hi Yousuf, If intraday, Can book profits, else hold it for higher targets of 6052, 6099

      Delete
  35. UnknownJanuary 8, 2013 at 3:23 PM

    Ok Sir , Thanks a lot once again ...

    ReplyDelete
  36. Mahender Reddy PulakandlaJanuary 8, 2013 at 3:26 PM

    Sunil,
    Do we expect a gapup tomorrow?

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:39 PM

      Depends on global cues. But, its quite likely.

      Delete
    2. Mahender Reddy PulakandlaJanuary 8, 2013 at 3:49 PM

      Yeah That is also true.

      at times I ask silly Question Don't mind please.
      :)

      Over all it was very good day to traders.
      Thanks again for timely replies.

      Delete
  37. UnknownJanuary 8, 2013 at 3:27 PM

    I already covered my Nifty 6300 FEB Short (sold @ 43 and covered @ 31) and booked profit in morning as per your nifty levels suggestion . You feel shall I short again now .

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:40 PM

      That's nice. Don't go short on it again. Nifty may likely be strong for a couple of days.

      Delete
    2. UnknownJanuary 8, 2013 at 3:46 PM

      Thank you Sir . I could exit 5700 PUT (2 lots) and could cover my Nifty call short in morning With the help of your Nifty levels Analysis . Great Day for me ...

      Delete
  38. YOUSUFJanuary 8, 2013 at 3:27 PM

    sir 1 booked 50%,thanks

    ReplyDelete
  39. Mahender Reddy PulakandlaJanuary 8, 2013 at 3:30 PM

    Booked 16% profits on BHEL Jan 250CE

    ReplyDelete
  40. SAIJanuary 8, 2013 at 3:30 PM

    GREAT GOING SUNILJI. THANKS

    ReplyDelete
  41. LOGANATHANJanuary 8, 2013 at 3:32 PM

    Sunil Ji, thank you very much

    ReplyDelete
  42. subinJanuary 8, 2013 at 3:37 PM

    Hi Sir, great analysis!!!
    still holding hdfc 860ce.what level can i book profit.

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 3:43 PM

      Hi subin, Thanks. Targets 842, 862. 842 already achieved:)

      Delete
  43. subinJanuary 8, 2013 at 3:50 PM

    hi sir ur view on tatasteel.holding 460ce

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 11:33 PM

      Hi subin, Tatasteel has very strong resistance near 442-45 levels. As of now, hold it with a sl of 430 and try to exit on rise for now.

      Delete
  44. Mahender Reddy PulakandlaJanuary 8, 2013 at 3:52 PM

    Sunil, don't forget to give update on TITAN.
    bye for now.
    Have a nice evening to Sunil/Readers.

    ReplyDelete
    Replies
    1. UnknownJanuary 8, 2013 at 11:38 PM

      Good Evening Mahender, Titan has given a major breakdown below 277 today. If it sustains below 277 tomorrow as well, can see 253 in near term.

      Delete

Subscribe to: Post Comments ( Atom )