Nifty Trades for 14/01/2013

Jan 14, 2013 9:00 AM
70 Comments
14/01/2013 09:00  Trend: Negative, SL: 5966
14/01/2013 09:20  SL Triggered, Trend: Positive, SL: 5952
14/01/2013 10:30  SL Trailed: 5974
14/01/2013 10:40  SL Trailed: 5976
14/01/2013 13:05  SL Trailed: 5982
14/01/2013 15:30  SL Trailed: 6011


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  1. Mahender Reddy PulakandlaJanuary 14, 2013 at 9:08 AM

    Good Morning Sunil/Readers.

    Happy Makara Sankranthi.

    ReplyDelete
    Replies
    1. UnknownJanuary 14, 2013 at 9:12 AM

      Good Morning Mahender, Thanks and wish you the same.

      Delete
  2. UnknownJanuary 14, 2013 at 9:15 AM

    Sir Wish You a very HAPPY MAKAR SANKRANTI .

    ReplyDelete
  3. tarunJanuary 14, 2013 at 9:31 AM

    hi SR,

    can i buy nifty in small quantity with stop loss at 5952 hourly closing)
    thanks

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    Replies
    1. UnknownJanuary 14, 2013 at 9:40 AM

      Hi tarun, Inflation numbers are likely to be announced today and markets may react sharply to them. So in case you enter any trade, keep strict SL.

      Delete
  4. LOGANATHANJanuary 14, 2013 at 10:34 AM

    Happy pongal ji

    ReplyDelete
  5. UnknownJanuary 14, 2013 at 10:34 AM

    Hi Sunil, Goodmorning..Can I enter Nifty 5900 PE positionally @ 23 for the target of 5850.(Since Nifty failed to cross 6020 3 to 4 times)

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    Replies
    1. UnknownJanuary 14, 2013 at 10:42 AM

      Hi Rohit, Good Morning, Enter PE below 5947 with SL above 5987

      Delete
  6. UnknownJanuary 14, 2013 at 11:55 AM

    Hi SR, Good morning
    Why the market is so lethargic?

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    Replies
    1. UnknownJanuary 14, 2013 at 12:21 PM

      Hi Krishna, Good Morning. Nifty is near hourly resistance of 5996. Once it breaks above it can some good upmove.

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    2. UnknownJanuary 14, 2013 at 12:29 PM

      Sir, Whats the range of resistance 5996 (hourly closing)

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    3. UnknownJanuary 14, 2013 at 12:46 PM

      It has broken 5996 but will have to hold & close above it upto 1p.m?

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    4. UnknownJanuary 14, 2013 at 1:03 PM

      Yes, Has held above it. Can head upto 6088, 6134

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    5. UnknownJanuary 14, 2013 at 2:27 PM

      Sir, a great influence of EU market movement

      Delete
  7. UnknownJanuary 14, 2013 at 12:02 PM

    SHALL I BUY NIFTY NOW SIR.....
    BECAUSE INFLATION DATA IS GOOD AND THERE WILL BE RATE CUT FROM RBI

    ReplyDelete
    Replies
    1. UnknownJanuary 14, 2013 at 12:21 PM

      Hi Murali, Enter once it sustain above 5996(hourly closing).

      Delete
  8. tarunJanuary 14, 2013 at 12:47 PM

    hi SR,

    you have always focused on hourly closing.. it is always technically imp.. pls. share little of how do you find the levels, like - 5996 in this case
    thanks

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    Replies
    1. UnknownJanuary 14, 2013 at 1:07 PM

      If Nifty sustains above 5996, can technically head upto 6088, 6134, Will gain strength above 6039.

      Delete
  9. Sohan PatilJanuary 14, 2013 at 12:48 PM

    Happy Sankranti / Pongal / Lohri..........

    Sohan

    ReplyDelete
  10. UnknownJanuary 14, 2013 at 1:21 PM

    hi SR, Good afternoon....

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    Replies
    1. UnknownJanuary 14, 2013 at 1:35 PM

      Hi Vibhor, Good Afternoon :)

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    2. UnknownJanuary 14, 2013 at 1:41 PM

      What do you think about nifty. It has given a closing above 5996. but not sustaining above 6000.

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    3. UnknownJanuary 14, 2013 at 1:50 PM

      Nifty is consolidating the move above 5996. Should likely move ahead to 6039, 6088, 6134.

      Delete
    4. UnknownJanuary 14, 2013 at 1:55 PM

      ok.. Thanks.. lets hope for the best..

      Delete
  11. DAlertsJanuary 14, 2013 at 1:30 PM

    Hi Sunil,
    DLF hovering around 243. What's the immediate target?

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  12. DAlertsJanuary 14, 2013 at 1:53 PM

    Thanks!

    ReplyDelete
  13. UnknownJanuary 14, 2013 at 1:54 PM

    Sir I am holding 6100 JAN call (Bought @ 40) and shorted 6200 FEB call (Sold @ 52) . Shall I exit 6200 FEB short , if Nifty crosses 6020 .

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  14. UnknownJanuary 14, 2013 at 2:02 PM

    Hi SR, I have a put of 5900. Do you think that it is the time to exit from that or hold?

    ReplyDelete
  15. UnknownJanuary 14, 2013 at 2:07 PM

    Hi SR, From friday, steel sector was in pressure. Even whole steel secotor was very much down today itself. but now it has given a great bounce back.

    ReplyDelete
  16. UnknownJanuary 14, 2013 at 2:11 PM

    Sir alternatively can I short 5900 FEB PUT .

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    Replies
    1. UnknownJanuary 14, 2013 at 2:16 PM

      Hi Sonu, When shorting options, Go in for hedged strategies. Can short it with SL below 5940

      Delete
  17. UnknownJanuary 14, 2013 at 2:13 PM

    Good Afternoon Sir, Can a ,long position be initiated

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    Replies
    1. UnknownJanuary 14, 2013 at 2:30 PM

      Hi Arjun, Yes, In small qty. with SL below 5973 (Hourly closing) for targets of 6039, 6088, 6134.

      Delete
  18. UnknownJanuary 14, 2013 at 2:29 PM

    Sir holding jan 6100 call , shorted feb 6200 call now is it ok if I short feb 5900 put .

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  19. UnknownJanuary 14, 2013 at 2:31 PM

    Hi SR, Do think that Nifty give an upmove today?

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    Replies
    1. UnknownJanuary 14, 2013 at 2:38 PM

      Hi Vibhor, Its already given an upmove.

      Delete
    2. UnknownJanuary 14, 2013 at 2:41 PM

      Hi SR, Sorry, I mean to said that will it break the level of 6020 today?

      Delete
  20. UnknownJanuary 14, 2013 at 2:38 PM

    Hi SR, do you have any stock on which we can go long? On Friday you gave a call on SUNPHARMA. But it break his support of 740.

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  21. UnknownJanuary 14, 2013 at 2:45 PM

    Hi SR, Any call on SBI? It is moving towards down from his day's high.

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  22. UnknownJanuary 14, 2013 at 2:49 PM

    Max OI of Nifty Puts shifted from 5700PE to 5900PE with OI over 90 lacs. The Max OI on Nifty calls has still remained the same at 6200CE with over 80 lacs. This shift in OI cleary indicates the bullish mode of Nifty to head upto 6100+ levels. Technically Nifty has managed to sustain above 5996 for over 2 hourly closing making it a strong support. Next resistances are near 6039, 6088, 6134.

    Summary: Go LONG for 6134 in Jan series.

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    Replies
    1. UnknownJanuary 14, 2013 at 2:53 PM

      Thanks SR for the infromation...:

      Delete
    2. Mahender Reddy PulakandlaJanuary 14, 2013 at 2:53 PM

      Sounds logical.
      Still holding longs.

      Thanks for update Sunil.

      Delete
    3. UnknownJanuary 14, 2013 at 2:57 PM

      Most Welcome Vibhor and Mahender.

      Delete
    4. UnknownJanuary 14, 2013 at 3:00 PM

      One more point, I forgot to mention above. The bar formation of Nifty on Daily Charts on Friday and today seems to be forming a bullish engulfing pattern. :)

      Delete
    5. UnknownJanuary 14, 2013 at 3:01 PM

      Great SR, Can we add more 6200 call?

      Delete
    6. UnknownJanuary 14, 2013 at 3:07 PM

      Hi Vibhor, yes, Can add on dips, but better to go with 6100 call for Jan series.

      Delete
    7. UnknownJanuary 14, 2013 at 3:09 PM

      ok sir.. thanks

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    8. UnknownJanuary 14, 2013 at 3:12 PM

      But Sir I already have 6200 calls. So Where to safe to book the profit on 6200 calls.

      Delete
    9. UnknownJanuary 14, 2013 at 3:20 PM

      Hi Vibhor, Reduce your holdings at regular levels, Can re-enter on dips.

      Delete
    10. UnknownJanuary 14, 2013 at 3:25 PM

      ok sir.. Any stock from your side near breakout?

      Delete
  23. tarunJanuary 14, 2013 at 3:32 PM

    Awesome prediction SR

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  24. UnknownJanuary 14, 2013 at 3:39 PM

    Sir, Nifty closing from 6033 to 6024, what does it mean, a continuous move can be expected to get the targets 6039/6088/6134

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    Replies
    1. UnknownJanuary 14, 2013 at 3:46 PM

      Hi Krishna, Nifty closing is given as the weighted average price of last 30 mins trade. The Range of Nifty for last 30 mins was 6007-6036. Not sure of a continuous move to the targets, but most likely 6088 is expected this week and 6134 in next week.

      Delete
    2. UnknownJanuary 14, 2013 at 3:59 PM

      Thanks a lot sir, will go on booking profit gradually.
      Last week profit booked on SBIN @40%

      Delete
    3. UnknownJanuary 15, 2013 at 9:01 AM

      Most Welcome. Nice to know :)

      Delete
  25. UnknownJanuary 14, 2013 at 5:45 PM

    HI SR SIR..

    HOLDING 10 LOTS OF NIFTY CE 6100 @ 41.2.....

    HOLD TILL FRIDAY OR EXIT ON RISE TOMORO SIR

    ReplyDelete
    Replies
    1. UnknownJanuary 15, 2013 at 9:03 AM

      Hi Murali, The entry price of 6100CE is quite high. Try to exit on rise and buy again on dips to hold for higher levels.

      Delete

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