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.
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.
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
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..
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.
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.
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. :)
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.
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. :)
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. :)
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".
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
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?
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.
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
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. :)
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
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.
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.
Good Morning Sunilji..
ReplyDeletecan i enter ITC at cmp? mean to take futures. pls advise
Good Morning chippa, Although ITC is showing some pull back, avoid it for short term. Can see lower levels.
Deleteok thnx...how about Sun Pharma?
DeleteMost Welcome. Don't go long in it as yet.
DeleteGood morning SR,
ReplyDeleteur view on bhel and tata steel
Good Morning Subin, Bhel and TataSteel overall look weak. Bhel may see a pullback soon.
DeleteTatasteel may give a breakout above 424.
DeleteTHANKS SIR
DeleteMost Welcome.
DeleteGoodmorning SR Sir :-)..
ReplyDeleteGood Morning nishantb :)
DeleteGood morning Sunil.
ReplyDeleteBooked 9% profit on MINIFTY@6080 (Entered yesterday@6022).
What are the levels for NIFTY today(support/resistence)?
ReplyDeletePlease share your thoughts
Res: 6089, 6135, Support: 6045, 6021
DeleteThank you
DeleteHi Good morning SR,
ReplyDeleteWhats the targets/SL of Nifty today?
Good Morning Krishna, May test 6088-90 today. Keep Trailing SL at 6048.
DeleteThanks
DeleteSR can see any pullback in hdfc today?resistance and support pls
ReplyDeleteNot sure as yet. Res: 819, 832. Support: 800-02
DeleteSunil,
ReplyDeleteLevels for HEROMOTO.. (intraday) pls?
Has broken major support at 1741, May test 1700
DeleteOkay Thank you!
DeleteWhy sudden 5% fall?
Posted Bad Results ...
DeleteMost Welcome. Yes. Hero losing market share.
DeleteExited HEROMOTOCO at cost. Lucky Me. :)
DeleteIts back above 1741 (hourly closing) not breached yet. Lucky :)
DeleteYeah, When there are other decent bets, why to held with more volatile ones.
DeleteFor long term one can go long on these kind of dips.
Yes, true :)
DeleteHi SR, Good Morning
ReplyDeleteIs DLF near Resistance level of 260 PE?
Can I buy 250 PE to gain quick profit?
Hi sdkbest, Has resistance near 259. But cannot recommend to go short on it when the trend is strongly positive.
DeleteSir
DeleteThe OI data of DLF shows max OI in 250CE @ 34.45 Lacs shares,Can it go and sustain beyond 260-265 level?
Its already trading above 250 level. If it sustains above 250 some more time, may see strong short covering pushing it further higher.
DeleteOK
DeleteThanks for your view.
sorry Res of 260 ?
ReplyDeleteGood morning sunil ji,
ReplyDeleteCan i go for SBI 2450 PE ( jan)?
Hi neelima, Don't go short on it. May go long on it on dips.
DeleteSir can I buy 1 lot of 6000 put at 6088 with sl of 6100 .
ReplyDeleteHi Sonu, Never trade anti-trend. Wait for dips to go long till the trend is not broken.
DeleteSir ,
ReplyDeletePlz advice on NMDC ? also suggest option idea for NMDC.
Thanks
Hi SAM, Sorry, Not tracking that scrip online.
DeleteNp, thanks for reply sir. any other advice sir
DeleteGood Morning Sunil Rao !
ReplyDeleteNifty appears to be in an interesting phase now .
Gitanjali.
Good Morning Gitanjali, Yes, Weekly charts represent a possibility of major breakout or break-down in next 1-2 weeks.
DeleteNifty in the range 6070, gaining strength to test 6100+
ReplyDeletesunil ji,
ReplyDeleteAny stock (options) as intraday/ any itraday options??
Hi neelima, None as of now.
DeleteHi SR, Good Morning...
ReplyDeleteGood Morning Vibhor.
DeleteHi Sunil,
ReplyDeleteYour short term view on tata steel, pls. Can I enter at CMP?
Hi DAlerts, Wait for a breakout above 424, only after that we will have a positive outlook for it.
DeleteNifty is going as per your directions... Thanks SR for your support...
ReplyDeleteMost Welcome. Nifty does not move as per my directions. We must foresee Nifty's direction and trade accordingly.
Delete:)
DeleteSir can we short 6000 put and short 6200 call of Jan .
ReplyDeleteHi Sonu, May go in for it. But risk/reward not very favourable as premiums are very low.
DeleteThanks a lot Sunil Rao !Have a great day !
ReplyDeleteThanks a lot Sunil Rao , Have a great day!'
ReplyDeleteGod bless you.
Gitanjali.
Most Welcome. Thanks Gitanjali and Wish you the same. :)
DeleteHi Sunilji,
ReplyDeleteCan I short nifty now for intraday?
If yes, target and SL please.
Thanks.
Hi Ram, No.
DeleteHi Sunilji,
ReplyDeleteShall I buy dr.reddy's at cmp 1915 ?
where is the support and resistance ?
Thanks.
Hi Ram, Res: 1925, 1940, 1954, Support 1896. Major resistance on weekly chart at 1954. Momentum weak. Avoid fresh entries in it.
DeleteHi Sunil.. 6000PE OI had increased substantially..indication for support at 6000?
ReplyDeleteHi Amit, Yes, true. Strong support for Nifty now at 6021. But still max OI at 5900PE.
Deletebut inspite of these OI indicated support and resistance has it ever occured that Nifty had crossed these before expiry?
DeleteYes, 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.
DeleteHello Sir,
ReplyDeleteAsia-pacific,EU & US all are gaining at the moment,
a favorable momentum of Nifty is expected
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.
DeleteThanks, not entering any fresh trade, just wait & watching for the targets to be executed in the days to come
Deletehi when itc Q3results will declare?
ReplyDeleteIt is declared
DeletePAT up 21% to Rs 2152 Cr
Sorry, PAT at 2052 Cr up 21% (YOY)
DeleteI hv short in auro pharma pls suggest short term and intraday ideas sir
ReplyDeleteHi Senthil, Sorry, do not track it online. Will reply later in the evening.
DeleteNp thanks a lot
DeleteSir can we buy SBI 2600 call @ around 20 .
ReplyDeleteMay enter on dips near 2475-85 in small qty keeping sl at 2465.
DeleteHI SR HDFC CROSSED RESISTANCE 819 ? CAN MOVE FURTHER?
ReplyDeleteWait for some more time for confirmation. Above 819 can move ahead to 829-832 levels.
DeleteHi Sunil, Goodafternoon.. Today bought Sterlite 115 PE @2.50.. technically how is the stock.. what is the next support and resistance level
ReplyDeleteHi 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
DeleteThanks..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..
DeleteMost Welcome and Thanks for your kind comments.
DeleteHi Sunil,
ReplyDeleteI have shorted Yes Bank future, Can u pls tell the support /resistance
tks
Sorry, Do not track it online. Will let you know about it later in the evening.
Deletesir confirmation in hdfc?
ReplyDeleteIs looking good consolidating above 819.
DeleteHDFC Bank results are expected. Keep caution.
DeleteHello sir,
ReplyDeleteCan I buy SBI
Hi Kishan, Can buy near 2475-85 levels, keeping sl at 2465. Can see 2560
Deletetks
DeleteAt what level/s you suggest to buy nifty?
ReplyDeleteWait till Monday for any fresh entry on Nifty.
DeleteHi SR,
ReplyDeleteholding itc 280ce 300ce and L&T 1600 ce What to do?
Hi sbrj, Book profits on rise. Both are showing pull backs. Book profits and exit.
DeleteHi SR, Do you think that nifty will touch 6088-90 today?
ReplyDeleteNot sure as of now.
DeleteShould we exit from calls on any rise now?
DeleteHi 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.
Deleteok SR, Thanks.. Will book profit on any rise....
DeleteGreat!!! Nifty holds 6060 on hourly closing. :) 6060 likely to act as support for monday.
ReplyDeleteThat's good news for my Long Positions! :)
DeleteI've Shorted MINIFTY JUN FUT@6075, SL 6100 ,till Monday opening. :)
Hi SR, If we hold 6100 call till monday, then due to time decay it will loose the premium.
DeleteHi Mahender, hmmm... Brave to go short in such strong markets :)
DeleteHi Vibhor, The time decay due to the weekend is already factored in on friday.
Hi SR sir, Ok thanks...
DeleteI Did not mean to prove that I'm brave in this case.
DeleteAt 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.
:)
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. :)
DeleteHi Mahendar,
DeleteI 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.
That's great trade Sunil.
DeleteDiscipline 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.
Rightly said Mahy. Emotions are the worst enemy. This market teaches every trader something new every now and then.
DeleteSir can we buy sbi 2600 call now .
ReplyDeleteBuy near 2475-85 levels with sl at 2465.
DeleteSir,
ReplyDeletehow this calculation of 3p.m can be done? open/high 6070.95,
low 6048.40 & close 6059.35
As far as my knowledge is concerned
Delete3PM hourly bar means : it starts from 2:00:01 PM to 3:00:00 PM is Hourly bar (it closed at 6061.10).
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. :)
DeleteThanks for sharing that info.
DeleteMost Welcome Mahy.
DeleteThanks to SR,Mahy
DeleteThat means Nifty is Strong and likely to test 6100+ by next week.
Most Welcome Krishna. Yes, likely to test 6129-34.
DeleteThanks SR sir.
ReplyDeleteHi SR sir, Earn 2000 rupees today.. Thanks for your advise...:)
ReplyDeleteThat's Nice. :) Most Welcome.
Deleteyou are a nice teacher also. By you i am learning so many things. I think you have a good experience in Share market..
DeleteGood to hear Sharma, Booking profits always good.
DeleteWe are happy for you.
Hi mahender, Thanks.. But i want to earn huge money. Is it possible...?
DeleteYes, In trading it is possible for HUGE.
DeleteHuge means "How Much"? :)
50000 in a month...:)
DeleteMahender, You are a good trader. I always watch your comments here.
DeleteThanks for your kind comments.
DeleteNot 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".
Making money is not that difficult.
DeleteDifficult part is protecting your gains/capital in tough times.
hmmm... How much experience you have in this market?
DeleteMahender, I think commodities trading is less risky than shares trading.
Delete:) glad that you asked.
DeleteI'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).
I'm not sure about "commodities".
DeleteMain things one should consider is
- knowledge about that markets (how it works)
- Liquidity
- Risk/Reward
- Minimum Capital Required
- Does it suite your trading style
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?
Deleteok.. 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?
DeleteBorn and bought up in Hyderabad.
Deleteok.. thanks for sharing information abt you...
Deletego to nseindia.com
DeleteLook 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.
ok mahy.. thanks..
DeleteSir SBI is near 2488 , will it be risky to carry position on monday , if we buy 2600 call now .
ReplyDeleteKeep qty low. Close above 2475 looks good.
DeleteSir I could not buy SBI 2600 call , I will buy on Monday at opening .
ReplyDeleteok. no issues.
DeleteIndia Discount brokerage (low) vs full service brokerage, what to expect?http://kanitkar.com/maheshwar/?p=167
ReplyDeleteNice Article. :)
DeleteYeah, Today I came to know the reasons why huge differences in brokerages.
DeleteSunil, Please find some time to write an article on
"Money Management" with regard to trading.
Ok. Will do that.
DeleteSunil,
ReplyDeleteWhere 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
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.
DeleteNot sure about Adjusted EOD data. EOD data is available from nseindia.com
Indices are much better compared to Stocks, (no splits, etc .. hehheee).
DeleteOkay Thank you Sunil for info.
Most Welcome. Indeed, indices are much better compared to stocks. Moreover they are less volatile and traded in high volumes in F&O.
Deleteyeah I agree.
DeleteInitially I felt Indices are boring.
After experiencing some whipsaws with stocks.
I felt Indices are better. With Volatile Stocks .. need more dynamics. :)
https://lh3.googleusercontent.com/-BxVowb1P56k/UPjVTfDY8vI/AAAAAAAAM9A/F7dIOws9vQE/s568/hand_sanitizer.png
ReplyDelete:D
DeleteBAD NEWS FOR MINI Derivatives: (SEBI banned them from 1St Feb 2013)
ReplyDeleteDoes It Make Sense To Scrap Mini Derivatives?
http://business.outlookindia.com/article.aspx?283283
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.
Deletei dont agree with this, this main motive is to make the small retailers avoid trading in derivatives.
Deletei 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.
ge sir,
ReplyDeletecan 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.
Good Evening sbrj, Can go with SBI with sl below 2465.
DeleteYou made some good points .I did a little research on the topic and found
ReplyDeletethat most people agree with your blog. Thanks.
Nifty Trading