Nifty Trades for 18/01/2013

162 Comments
18/01/2013 09:00  Trend: Positive, SL: 6025
18/01/2013 09:25  SL Trailed: 6048
18/01/2013 09:50  SL Trailed: 6055
18/01/2013 14:20  SL Triggered, Trend: Negative, SL: 6079
18/01/2013 14:30  SL Trailed: 6075


  1. Good Morning Sunilji..
    can i enter ITC at cmp? mean to take futures. pls advise

    ReplyDelete
    Replies
    1. Good Morning chippa, Although ITC is showing some pull back, avoid it for short term. Can see lower levels.

      Delete
    2. ok thnx...how about Sun Pharma?

      Delete
    3. Most Welcome. Don't go long in it as yet.

      Delete
  2. Good morning SR,
    ur view on bhel and tata steel

    ReplyDelete
  3. Good morning Sunil.

    Booked 9% profit on MINIFTY@6080 (Entered yesterday@6022).

    ReplyDelete
  4. What are the levels for NIFTY today(support/resistence)?

    Please share your thoughts

    ReplyDelete
  5. Hi Good morning SR,
    Whats the targets/SL of Nifty today?

    ReplyDelete
  6. SR can see any pullback in hdfc today?resistance and support pls

    ReplyDelete
    Replies
    1. Not sure as yet. Res: 819, 832. Support: 800-02

      Delete
  7. Replies
    1. Has broken major support at 1741, May test 1700

      Delete
    2. Most Welcome. Yes. Hero losing market share.

      Delete
    3. Its back above 1741 (hourly closing) not breached yet. Lucky :)

      Delete
    4. Yeah, When there are other decent bets, why to held with more volatile ones.
      For long term one can go long on these kind of dips.

      Delete
  8. Hi SR, Good Morning

    Is DLF near Resistance level of 260 PE?
    Can I buy 250 PE to gain quick profit?

    ReplyDelete
    Replies
    1. Hi sdkbest, Has resistance near 259. But cannot recommend to go short on it when the trend is strongly positive.

      Delete
    2. Sir

      The OI data of DLF shows max OI in 250CE @ 34.45 Lacs shares,Can it go and sustain beyond 260-265 level?

      Delete
    3. Its already trading above 250 level. If it sustains above 250 some more time, may see strong short covering pushing it further higher.

      Delete
  9. Good morning sunil ji,

    Can i go for SBI 2450 PE ( jan)?

    ReplyDelete
    Replies
    1. Hi neelima, Don't go short on it. May go long on it on dips.

      Delete
  10. Sir can I buy 1 lot of 6000 put at 6088 with sl of 6100 .

    ReplyDelete
    Replies
    1. Hi Sonu, Never trade anti-trend. Wait for dips to go long till the trend is not broken.

      Delete
  11. Sir ,

    Plz advice on NMDC ? also suggest option idea for NMDC.

    Thanks

    ReplyDelete
    Replies
    1. Hi SAM, Sorry, Not tracking that scrip online.

      Delete
    2. Np, thanks for reply sir. any other advice sir

      Delete
  12. Good Morning Sunil Rao !
    Nifty appears to be in an interesting phase now .
    Gitanjali.

    ReplyDelete
    Replies
    1. Good Morning Gitanjali, Yes, Weekly charts represent a possibility of major breakout or break-down in next 1-2 weeks.

      Delete
  13. Nifty in the range 6070, gaining strength to test 6100+

    ReplyDelete
  14. sunil ji,

    Any stock (options) as intraday/ any itraday options??

    ReplyDelete
  15. Hi Sunil,

    Your short term view on tata steel, pls. Can I enter at CMP?

    ReplyDelete
    Replies
    1. Hi DAlerts, Wait for a breakout above 424, only after that we will have a positive outlook for it.

      Delete
  16. Nifty is going as per your directions... Thanks SR for your support...

    ReplyDelete
    Replies
    1. Most Welcome. Nifty does not move as per my directions. We must foresee Nifty's direction and trade accordingly.

      Delete
  17. Sir can we short 6000 put and short 6200 call of Jan .

    ReplyDelete
    Replies
    1. Hi Sonu, May go in for it. But risk/reward not very favourable as premiums are very low.

      Delete
  18. Thanks a lot Sunil Rao !Have a great day !

    ReplyDelete
  19. Thanks a lot Sunil Rao , Have a great day!'
    God bless you.
    Gitanjali.

    ReplyDelete
    Replies
    1. Most Welcome. Thanks Gitanjali and Wish you the same. :)

      Delete
  20. Hi Sunilji,

    Can I short nifty now for intraday?
    If yes, target and SL please.
    Thanks.

    ReplyDelete
  21. Hi Sunilji,

    Shall I buy dr.reddy's at cmp 1915 ?

    where is the support and resistance ?

    Thanks.

    ReplyDelete
    Replies
    1. Hi Ram, Res: 1925, 1940, 1954, Support 1896. Major resistance on weekly chart at 1954. Momentum weak. Avoid fresh entries in it.

      Delete
  22. Hi Sunil.. 6000PE OI had increased substantially..indication for support at 6000?

    ReplyDelete
    Replies
    1. Hi Amit, Yes, true. Strong support for Nifty now at 6021. But still max OI at 5900PE.

      Delete
    2. but inspite of these OI indicated support and resistance has it ever occured that Nifty had crossed these before expiry?

      Delete
    3. Yes, Many times. Even this series started with max OI at 5700PE and 6000CE. The OI soon shifted to from 6000 to 6200 when Nifty broke above 5965. And last week Max OI shifted up from 5700PE to 5900PE.

      Delete
  23. Hello Sir,
    Asia-pacific,EU & US all are gaining at the moment,
    a favorable momentum of Nifty is expected

    ReplyDelete
    Replies
    1. Nifty is close to crucial levels. Nifty was 6138 on 31/12/2007, was 6134 on 31/12/2010 and even now we may major resistance near 6130-40. So better to trade with caution near these levels.

      Delete
    2. Thanks, not entering any fresh trade, just wait & watching for the targets to be executed in the days to come

      Delete
  24. hi when itc Q3results will declare?

    ReplyDelete
  25. I hv short in auro pharma pls suggest short term and intraday ideas sir

    ReplyDelete
    Replies
    1. Hi Senthil, Sorry, do not track it online. Will reply later in the evening.

      Delete
  26. Sir can we buy SBI 2600 call @ around 20 .

    ReplyDelete
    Replies
    1. May enter on dips near 2475-85 in small qty keeping sl at 2465.

      Delete
  27. HI SR HDFC CROSSED RESISTANCE 819 ? CAN MOVE FURTHER?

    ReplyDelete
    Replies
    1. Wait for some more time for confirmation. Above 819 can move ahead to 829-832 levels.

      Delete
  28. Hi Sunil, Goodafternoon.. Today bought Sterlite 115 PE @2.50.. technically how is the stock.. what is the next support and resistance level

    ReplyDelete
    Replies
    1. Hi Rohit, Good Afternoon, Is currently near support levels of 114-114.5, breaking below which can test 111.5-112. Overall looks weak, resistance near 117.25

      Delete
    2. Thanks..Yesterday I traded on your Nifty Intraday call..Took profit of 1000. try to post such calls frequently...your levels on Nifty is amazing....Keep it Up..

      Delete
    3. Most Welcome and Thanks for your kind comments.

      Delete
  29. Hi Sunil,
    I have shorted Yes Bank future, Can u pls tell the support /resistance
    tks

    ReplyDelete
    Replies
    1. Sorry, Do not track it online. Will let you know about it later in the evening.

      Delete
  30. Replies
    1. Is looking good consolidating above 819.

      Delete
    2. HDFC Bank results are expected. Keep caution.

      Delete
  31. At what level/s you suggest to buy nifty?

    ReplyDelete
    Replies
    1. Wait till Monday for any fresh entry on Nifty.

      Delete
  32. Hi SR,
    holding itc 280ce 300ce and L&T 1600 ce What to do?

    ReplyDelete
    Replies
    1. Hi sbrj, Book profits on rise. Both are showing pull backs. Book profits and exit.

      Delete
  33. Hi SR, Do you think that nifty will touch 6088-90 today?

    ReplyDelete
    Replies
    1. Should we exit from calls on any rise now?

      Delete
    2. Hi Vibhor, For options, always advisable to book profits on every rise unless the overall momentum is very strong. As of now keep SL at 6045-47 on hourly closing. Likely to bounce back.

      Delete
    3. ok SR, Thanks.. Will book profit on any rise....

      Delete
  34. Great!!! Nifty holds 6060 on hourly closing. :) 6060 likely to act as support for monday.

    ReplyDelete
    Replies
    1. That's good news for my Long Positions! :)
      I've Shorted MINIFTY JUN FUT@6075, SL 6100 ,till Monday opening. :)

      Delete
    2. Hi SR, If we hold 6100 call till monday, then due to time decay it will loose the premium.

      Delete
    3. Hi Mahender, hmmm... Brave to go short in such strong markets :)

      Hi Vibhor, The time decay due to the weekend is already factored in on friday.

      Delete
    4. I Did not mean to prove that I'm brave in this case.
      At least I don't have weak heart either :)

      Just taking some calculated (biased) chance, (with view of profit booking can drag NIFTY down, and BANKNIFTY is week, BANKNIFTY is major weight-age in NIFTY).
      But with Tight STOPLOSS. That's Plan.

      :)

      Delete
    5. This market is difficult for weak hearts. But one can take any trade if followed with discipline. Today, I shorted 6000PE at 30.5 and booked 26.5 four times intraday. Fifth time got stopped out but still exit at cost. :)

      Delete
    6. Hi Mahendar,

      I also did short Nifty futures today but covered when it took support at 6050.Strong China data today taking world markets higher and it will reflect on Monday opening.

      Delete
    7. That's great trade Sunil.
      Discipline is primary to be successful and to make money.

      Most new traders think, strategy (that is being RIGHT) is important than discipline.
      Most follow money not the rules you set before the trade, once trade is entered ... emotions drive us .... not rules anymore .. :)

      It comes on experience.
      I'm trying not to repeat same mistakes.
      I'm learning too on daily basis. :)

      Thank you RAM for Sharing that information.

      Delete
    8. Rightly said Mahy. Emotions are the worst enemy. This market teaches every trader something new every now and then.

      Delete
  35. Sir can we buy sbi 2600 call now .

    ReplyDelete
  36. Sir,
    how this calculation of 3p.m can be done? open/high 6070.95,
    low 6048.40 & close 6059.35

    ReplyDelete
    Replies
    1. As far as my knowledge is concerned
      3PM hourly bar means : it starts from 2:00:01 PM to 3:00:00 PM is Hourly bar (it closed at 6061.10).

      Delete
    2. hi krishna, Today we opened Gap-up and made a new high, as such supports would be raised on Monday's session. The supports for Monday would be 6060 and 6037 if 6060 is sustained on hourly closing throughout the day. Generally, if it holds 5 hourly closing, the remaining 2 is also held. And today also though we were below 6060 during the 6th hour, the close was at 6061.10. :)

      Delete
    3. Thanks to SR,Mahy
      That means Nifty is Strong and likely to test 6100+ by next week.

      Delete
    4. Most Welcome Krishna. Yes, likely to test 6129-34.

      Delete
  37. Hi SR sir, Earn 2000 rupees today.. Thanks for your advise...:)

    ReplyDelete
    Replies
    1. That's Nice. :) Most Welcome.

      Delete
    2. you are a nice teacher also. By you i am learning so many things. I think you have a good experience in Share market..

      Delete
    3. Good to hear Sharma, Booking profits always good.
      We are happy for you.

      Delete
    4. Hi mahender, Thanks.. But i want to earn huge money. Is it possible...?

      Delete
    5. Yes, In trading it is possible for HUGE.
      Huge means "How Much"? :)

      Delete
    6. Mahender, You are a good trader. I always watch your comments here.

      Delete
    7. Thanks for your kind comments.
      Not good trader yet Vibhor Sharma.

      My weaknesses are
      - I get emotional
      - at times I trade without doing proper/sufficient homework on the (trade plan) (I'm improving a bit these days).
      - at times I don't stick to the plan.
      and many more ... list can be end list.

      Point is, "One should be aware of Risk and Reward before entering the trade".

      Delete
    8. Making money is not that difficult.
      Difficult part is protecting your gains/capital in tough times.

      Delete
    9. hmmm... How much experience you have in this market?

      Delete
    10. Mahender, I think commodities trading is less risky than shares trading.

      Delete
    11. :) glad that you asked.

      I've been trading stocks from 2009 (very passive trader)
      I'm not trading/holding stocks anymore.
      I'm actively trading since Oct/2012 (F&O).

      But I do read some books, articles to gain knowledge on trading (and on FO) and Backtest some own strategies with programming knowledge that I got.

      I consider myself a BABY trader.
      That is why I'm here in the shade of Sunil Knowledge Tree (who is with More Knowledge and trading experience).

      Delete
    12. I'm not sure about "commodities".

      Main things one should consider is
      - knowledge about that markets (how it works)
      - Liquidity
      - Risk/Reward
      - Minimum Capital Required
      - Does it suite your trading style

      Delete
    13. Ok.. SR has a good knowledge in this field. He is actually a best technical analyst. May i know mahender that where are you from?

      Delete
    14. ok.. Mahender how to know about open interest build up. SR always use this term that maximum open interest build in calls or puts. Where we can see that?

      Delete
    15. ok.. thanks for sharing information abt you...

      Delete
    16. go to nseindia.com
      Look for "Option Chain" (right next to chart)
      below it, find and click on "Equity Derivatives".

      That's all. you can check open interest "OI" in that table.

      Hope this helps.

      Delete
  38. Sir SBI is near 2488 , will it be risky to carry position on monday , if we buy 2600 call now .

    ReplyDelete
  39. Sir I could not buy SBI 2600 call , I will buy on Monday at opening .

    ReplyDelete
  40. India Discount brokerage (low) vs full service brokerage, what to expect?http://kanitkar.com/maheshwar/?p=167

    ReplyDelete
    Replies
    1. Yeah, Today I came to know the reasons why huge differences in brokerages.

      Sunil, Please find some time to write an article on
      "Money Management" with regard to trading.

      Delete
  41. Sunil,

    Where Can I find the Historical "Stock Split" or "Reverse Stock Split" on any stock trading on NSE (usually Large caps). Any centralized location or Link?

    Where can I find Adjusted Historical EOD Data?
    Please share your thoughts.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. Hi Mahy, You can find historical stock splits, bonus issues, name changes etc on moneycontrol.com. Just type in the company name and get the quotes. On the Quotes page, Click on 'Corporate Action' on the left panel to select whatever you want.
      Not sure about Adjusted EOD data. EOD data is available from nseindia.com

      Delete
    2. Indices are much better compared to Stocks, (no splits, etc .. hehheee).
      Okay Thank you Sunil for info.

      Delete
    3. Most Welcome. Indeed, indices are much better compared to stocks. Moreover they are less volatile and traded in high volumes in F&O.

      Delete
    4. yeah I agree.
      Initially I felt Indices are boring.
      After experiencing some whipsaws with stocks.
      I felt Indices are better. With Volatile Stocks .. need more dynamics. :)

      Delete
  42. https://lh3.googleusercontent.com/-BxVowb1P56k/UPjVTfDY8vI/AAAAAAAAM9A/F7dIOws9vQE/s568/hand_sanitizer.png

    ReplyDelete
  43. BAD NEWS FOR MINI Derivatives: (SEBI banned them from 1St Feb 2013)
    Does It Make Sense To Scrap Mini Derivatives?
    http://business.outlookindia.com/article.aspx?283283

    ReplyDelete
    Replies
    1. i dont agree with this banning of mininifty. the main motive was to make the small retailers avoid trading in derivatives. i would say the opposite, they should have reduced the lot size of all the stock futures, so that, all the people can trade according to their risk appetite.

      Delete
    2. i dont agree with this, this main motive is to make the small retailers avoid trading in derivatives.
      i would say, they should have done the opposite, to reduce the lot size to make even the small retailers to trade in derivatives, to enable all the traders to trade according to their risk appetite.

      Delete
  44. ge sir,
    can you please tell me the best share for 10 days hold,i want to buy jan options.advice 2 scrips ready for strong upward rally. thank you.

    ReplyDelete
    Replies
    1. Good Evening sbrj, Can go with SBI with sl below 2465.

      Delete
  45. You made some good points .I did a little research on the topic and found

    that most people agree with your blog. Thanks.

    Nifty Trading

    ReplyDelete