Nifty Trades for 16/01/2013

Jan 16, 2013 9:00 AM
65 Comments
16/01/2013 09:00  Trend Positive, SL: 6043
16/01/2013 09:35  SL Triggered, Trend: Negative, SL: 6064
16/01/2013 11:30  SL Trailed: 6057
16/01/2013 12:35  SL Trailed: 6056
16/01/2013 13:00  SL Trailed: 6048
16/01/2013 13:20  SL Trailed: 6045
16/01/2013 15:25  SL Trailed: 6018


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  1. subinJanuary 16, 2013 at 9:14 AM

    GOOD MORNING..ur view on tech mahindra and hcl tech

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 9:20 AM

      Good Morning, Both are mildly positive above 980 and 658 respectively.

      Delete
  2. Mahender Reddy PulakandlaJanuary 16, 2013 at 9:25 AM

    Good Morning Sunil.

    Overall look on the NIFTY for today, (Intraday levels for NIFTY pls)

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 9:29 AM

      Good Morning Mahender, As of now Nifty is holding above 6039, looks good and can head higher to 6088.

      Delete
    2. UnknownJanuary 16, 2013 at 10:09 AM

      Most Welcome.

      Delete
  3. UnknownJanuary 16, 2013 at 9:50 AM

    Good Morning sir
    at what level one can look to enter 6100 call is advise

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    Replies
    1. UnknownJanuary 16, 2013 at 9:58 AM

      Good Morning Srinivas, Can enter on dips for target of 6088. Can keep conservative SL at 6022(Hourly closing).

      Delete
  4. Hamdan HarrisJanuary 16, 2013 at 9:54 AM

    Good Morning Sunilji
    what level can i enter MARUTI? pls advise

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    Replies
    1. UnknownJanuary 16, 2013 at 10:01 AM

      Good Morning chippa, Maruti has broken support at 1552. Enter it only above 1581 as of now.

      Delete
    2. Hamdan HarrisJanuary 16, 2013 at 10:06 AM

      alright...thnx..how about SUN PHARMA? sustaining above 730 since yesterday

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    3. UnknownJanuary 16, 2013 at 10:11 AM

      Enter Sunpharma only after it breaks above 752.

      Delete
  5. UnknownJanuary 16, 2013 at 10:11 AM

    Hi SR, Good Morning
    Whether Nifty can test 6088+ at a stretch

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    Replies
    1. UnknownJanuary 16, 2013 at 10:19 AM

      Hi Krishna, Seems we may see some consolidation before we move ahead.

      Delete
    2. UnknownJanuary 16, 2013 at 10:33 AM

      Thanks, so far a moderate gradient

      Delete
  6. UnknownJanuary 16, 2013 at 10:47 AM

    Sir can we buy hdfc 860 call or 880 call .

    ReplyDelete
  7. RamJanuary 16, 2013 at 10:49 AM

    Hi Sunilji,

    Can I enter Dr.reddys at cmp (1936)?
    Please advise.
    Thanks.

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 10:55 AM

      Hi Ram, Has resistance near 1945-51. Either buy after it sustains above 1950 or buy on dips near 1900-05.

      Delete
  8. RamJanuary 16, 2013 at 11:11 AM

    Thanks Sunilji.

    Please give short term entry levels for HDFC Bank and ICICI bank.

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    Replies
    1. UnknownJanuary 16, 2013 at 11:25 AM

      Most Welcome. HDFC Bank is in correction phase. Avoid it for short term. ICICI bank can entered on dips near 1178 for targets of 1225.

      Delete
    2. RamJanuary 16, 2013 at 11:40 AM

      Thanks a lot Sunilji

      Delete
  9. UnknownJanuary 16, 2013 at 11:17 AM

    Hi Sunil,
    I'm holding INFY 2600PE bought couple of days back. Hoping INFY will correct atleast 4-5% before it moves further up. What do u think?

    -Shammi

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 11:38 AM

      Hi Shammi, Exit on dips near 2767 for now. Overall looks very strong.

      Delete
  10. UnknownJanuary 16, 2013 at 11:25 AM

    Sir I am holding 2 lots of 6200 call (Bought @ 12.85) . 1 lot profit I already booked @ 19.10 (out of 3 lots , now 2 balance). Shall I exit cost to cost , as Nifty broken 6039 .

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 11:40 AM

      Hi Sonu, Its a hold. May keep a conservative SL at 6022 (hourly closing)

      Delete
  11. UnknownJanuary 16, 2013 at 12:33 PM

    Hi SR, Good afternoon...

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  12. UnknownJanuary 16, 2013 at 12:35 PM

    Hi SR, I was unable to book my profit yesterday as i was busy in my work. So what do you think about nifty today. If it hold 6022 on hourly closing, then can we see the rally upto 6088 today?

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 12:50 PM

      Hi Vibhor, Good Afternoon, Not sure of 6088 today as of now. It may take 1-2 days.

      Delete
    2. UnknownJanuary 16, 2013 at 12:59 PM

      ok sir...

      Delete
  13. UnknownJanuary 16, 2013 at 1:03 PM

    Good Afternoon Sir, Can I opt for 6200ce on nifty? Thanks..

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    Replies
    1. UnknownJanuary 16, 2013 at 1:11 PM

      Hi Arjun, Good Afternoon, Can enter 6100CE in small qty.

      Delete
  14. rameshbJanuary 16, 2013 at 1:04 PM

    GM Sir, what is the support level of sesa goa. can it be entered in Jan options at cmp?

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

      GM, Rameshb, Support level of sesagoa is near 191. Below it can test 187. Overall looks weak. Don't go long on it as yet.

      Delete
  15. UnknownJanuary 16, 2013 at 1:21 PM

    hi. sunil sir can i enter dlf ce at cmp ?

    ReplyDelete
  16. UnknownJanuary 16, 2013 at 1:21 PM

    In hourly closing 6022 still not broken

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

    Good Afternoon Sir...Had a querry. Apenny stock called aadhar has been given as a tip by some company. Its at .98 currently, target is given of 10 in 6 months...What do you uggest? Buy a small quantity?

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 2:23 PM

      Good Afternoon Aabha, If you take my sincere advise stay away from such penny stocks. "Rome was not built in a day" :)

      Delete
    2. UnknownJanuary 16, 2013 at 2:40 PM

      :-)

      Delete
    3. Mahender Reddy PulakandlaJanuary 16, 2013 at 3:05 PM

      Good Afternoon Aabha,

      Done with Vacation Trip? Hope you and your family had nice time.

      Delete
  18. UnknownJanuary 16, 2013 at 2:28 PM

    Hi SR, Do you have any stock who gave breakout?

    ReplyDelete
  19. Mahender Reddy PulakandlaJanuary 16, 2013 at 2:53 PM

    Good Afternoon Sunil/Aabha.

    Where do you see NIFTY closing today?
    (any pullback expected or will it be the same down trend to sideways)

    Please share your thoughts.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 3:06 PM

      Good Afternoon Mahy, Nifty is trading below 6022 ... may take support at 5997

      Delete
    2. Mahender Reddy PulakandlaJanuary 16, 2013 at 3:10 PM

      Okay, I've shorted NIFTY Fut in the morning @6073.
      So I can Hold on to it.

      Thank you.

      Delete
    3. UnknownJanuary 16, 2013 at 3:18 PM

      made a low of 5992...expect bounce from here? Hold or exit the puts?

      Delete
    4. UnknownJanuary 16, 2013 at 3:19 PM

      Exit shorts here, may bounce back tomorrow.

      Delete
    5. Mahender Reddy PulakandlaJanuary 16, 2013 at 3:24 PM

      Okay, Thank you Sunil.
      Tomorrow based on the market openings I'll square off the trades. (that's the plan).

      Delete
    6. UnknownJanuary 16, 2013 at 3:36 PM

      ok. Most Welcome

      Delete
  20. UnknownJanuary 16, 2013 at 3:07 PM

    Sir holding 2 lots of 6200 call (bought @ 12.85) , shall I exit or hold .

    ReplyDelete
  21. UnknownJanuary 16, 2013 at 3:21 PM

    Ok Sir , Thanks . Can I add 6100 Call now.

    ReplyDelete
    Replies
    1. UnknownJanuary 16, 2013 at 3:36 PM

      Hi Sonu, yes, keeping 5997 (hourly closing) as sl.

      Delete
    2. Mahender Reddy PulakandlaJanuary 16, 2013 at 3:42 PM

      Sunil,

      Where is the NIFTY Hourly Close now?

      Delete
    3. UnknownJanuary 16, 2013 at 3:44 PM

      Hi Mahender, 6005. Excellent setup for a strong bounce.

      Delete
    4. Mahender Reddy PulakandlaJanuary 16, 2013 at 3:53 PM

      That's cool. Thanks for hourly close update.

      Global markets are not doing well ... That's bit of worry for me. One day up next day down .... that's scary.

      Trending markets are always good than sideways.

      So first target would be 6088 then heading toward 6100-6200 possible .. in coming days (few weeks to 2 months)

      Delete
    5. UnknownJanuary 16, 2013 at 4:04 PM

      Most Welcome. Trending markets are always easier to trade. But in such choppy markets, if you believe Nifty will head ahead above 6100 levels, then simply hold onto to your long positions in futures and keep it hedged with an ATM put. The max you can lose is the premium paid for the put, butyou can hold to your positions without that "bit of worry".

      Delete
    6. UnknownJanuary 16, 2013 at 4:11 PM

      Hi Mahy, Do you remember the trade I had given to buy Nifty Futures at 5915 and 5900PE at 75 last month. The markets went choppy after that but still reached the target and we booked profit near 5995-97 for Nifty futures and exit our hedge parallely at 51. Gained over 80pts in futures and lost only 24pts for our hedge. But we still gained risk free.

      Delete
    7. UnknownJanuary 16, 2013 at 5:24 PM

      Sir can we go in for hedged position tomorrow on opening . i.e. Buying 1 Nifty JAN Future and 1 Nifty 6000 PUT .

      Delete
    8. Mahender Reddy PulakandlaJanuary 16, 2013 at 5:42 PM

      Yeah, Thanks for the hedge idea Sunil.
      Sounds logical and fair idea.

      Yeah I do remember the Trade Sunil, that is good trade.

      Delete
    9. UnknownJanuary 17, 2013 at 7:07 AM

      Hi Sonu, Yes, If you believe we can see 6100+ levels this series, go in for a hedged long and need not worry of stop loss.

      Hi Mahender, Most Welcome.

      Delete
  22. UnknownJanuary 16, 2013 at 5:02 PM

    Hi SR, do you expect any bounce from here?

    ReplyDelete

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