Nifty Trades for 21/01/2013

85 Comments
21/01/2013 09:00  Trend: Negative, SL: 6075
21/01/2013 09:30  SL Triggered, Trend: Positive, SL: 6051
21/01/2013 09:40  SL Trailed: 6054
21/01/2013 14:00  SL Trailed: 6062


  1. Hi..GM Sunilji
    Nifty levels today pls...

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  2. Sir can I buy SBI 2600 CALL now .

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  3. Hi,GM Sunilji
    Nifty positional Support & Res
    Thanks.

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  4. Hi Sunil, Goodmorning.. Can i enter Nifty 6000 PE today?

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  5. Replies
    1. What are the levels for NIFTY for intraday?

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    2. Support 6060, 6037 Res: 6091, 6129

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    3. SL trailed to 6090 on (Short) MINIFTY Jan FUT.
      Reducing risk, limiting losses :)

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    4. Busy day today ... Catch you all later.
      Happy Trading.

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    5. SL trailed to 6085 on (Short) MINIFTY Jan FUT.

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    6. hmmm ... That's the reason, I say not to buy against trend. If smaller trend indicates sell and larger indicates buy, always better to wait.

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  6. Hi Sunil, Can I go with 6200 ce?

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  7. Good Morning Sir, What is Your view on banknifty and sbin?

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    Replies
    1. Good Morning Arjun, Bank Nifty looks weak below 12773, has support at 12638. SBIN can do well above 2509, has good support near 2475.

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  8. Hi SR, Good morning
    Market is almost flat.
    Whats the trigger in the market today?

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    Replies
    1. Hi Krishna, Good Morning. Yes, Nifty is taking baby steps moving ahead. :)

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    2. Thanks, the more the delay for moving ahead, the more the premiums are eaten up.

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    3. Most Welcome. Yes, Rightly said. Even Futures have lost their premiums. A deep correction likely to come in next month.

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  9. can i go long in nifty at cmp for 6200 target before expiry? holding 2 lots of l&t,how it looks for 1 month hold

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    Replies
    1. Hi sbrj, 6200 seems unlikely before expiry, can see 6130-6140. Hold LT with SL at 1503, can see 1611.

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  10. Sir I bought SBI 2600 call @ 18 .

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  11. Sunil Sir,
    I am long in Maruthi future, can u pls give stop loss / target.
    Tks

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    Replies
    1. Hi Kishan, Above 1572 can see 1592, keep sl at 1551

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  12. Hi SR, Good morning... Today Maximum open interest build up is shifted from 5900 put to 6000 put. What it indicates?

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    Replies
    1. Hi Vibhor, Good Morning. If the shift is sustained on closing basis, we may see Nifty in a narrow range above 6000 till expiry.

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  13. Hi SR sir, advice one hot pick for 2-3 days hold.want to recover my past huge loss with your help.thanks

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    Replies
    1. Hi sbrj, Can go with Sbi with sl at 2465 for targets of 2557, 2600.

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    2. ok sir. how is itc? shall i hold it for 1,2 weeks.

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  14. Sir can I short Bank Nifty 12900 JAN CALL @ around 71 . As 12900 looks little difficult in JAN , against SBI 2600 Call (LONG) .

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  15. sir can i short bata india fut at 825 for tgt 800
    and can buy sbi at cmp 2509 for tgt 2560

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    Replies
    1. Hi Pravin, Not sure of Bata. SBI can be entered on dips for target of 2557, 2600.

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  16. Sunil,

    At these levels can we go long on NIFTY?
    Please share your thoughts.

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  17. Hello Sir, The gap bet Fut & spot is widening slowly, the more the gap the better to test the target quickly?

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    Replies
    1. Hi Krishna, Widening of the gap indicates buying interest. Hope you booked profits in Nifty Longs.

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    2. Thanks,haven't booked at this level,waiting for next level to exit.

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  18. Book Profits in Positional Nifty Call near 6088-91 ...

    Having Net Problems ... Will be back later.

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  19. Hope you longs got appreciated well with sudden upmove in market.

    In general,
    If happy with made profits partly book and increase the SL levels for remaining positions.

    happy trading folks.

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  20. Sir, pl update the chart
    is there any strong resistance near 6091-94?

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  21. Thanks, I'm expecting 6114 to exit in the days to come.Today probably is not the day as EU markets are not showing that hope.Lets wait for a good close at least.

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    Replies
    1. Most Welcome. If today's high is not taken out, would advise to book profits. May re-enter again on dips.

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    2. Thank you sir, profit booked for the remaining, no holdings.

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  22. Sir can we buy some FEB PUTs with SL of 6100 .

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  23. bought lt 1600 call.can i hold till expiry and target please.

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    Replies
    1. If Jan series, book profits today before close near 1571-72.

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  24. hi SR, your view on jsw steel.can enter long ??????

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    Replies
    1. Hi Ajaz, Can enter on dips with sl at 840 for target of 884.

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  25. Sir Can I carry my position in sbin 2600ce for tommorow?

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  26. 6082, is it a good close? 5th,6th & 7th hourly close are near 6080.

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    Replies
    1. Hi Krishna, Formed a bearish bar on daily charts and starts the week with a bearish start. As such, 6090 will act as a strong resistance for now.

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