Nifty Trades for 22/01/2013

Jan 22, 2013 9:00 AM
97 Comments
22/01/2013 09:00  Trend: Positive, SL: 6062
22/01/2013 10:25  SL Trailed: 6074
23/01/2013 13:15  SL Triggered, Trend: Negative, SL: 6094
23/01/2013 14:20  SL Trailed: 6087
23/01/2013 14:40  SL Trailed: 6074


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  1. UnknownJanuary 22, 2013 at 9:05 AM

    Sir can we buy 6100 JAN PUT for intraday @ opening .

    ReplyDelete
    Replies
    1. UnknownJanuary 22, 2013 at 9:13 AM

      Hi Sonu, No. Trade options in intraday only when momentum is high.

      Delete
  2. Mahender Reddy PulakandlaJanuary 22, 2013 at 9:14 AM

    Good morning Sunil,

    Levels for NIFTY pls.

    ReplyDelete
  3. Hamdan HarrisJanuary 22, 2013 at 9:21 AM

    pls share your vies on itc and sunpharma.. can i make fresh entries in these?

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    Replies
    1. UnknownJanuary 22, 2013 at 9:28 AM

      Hi chippa, ITC has resistance near 292-293.5, may see some profit booking from here. Sunpharma overall looks weak but near strong support levels of 698, If held, may see a pullback.

      Delete
    2. Hamdan HarrisJanuary 22, 2013 at 9:31 AM

      ok..thnx a lot. so, can i enter sunpharma at its support lvls for 2-3 days?
      Also what's your view on hero? can it be shorted?

      Delete
    3. UnknownJanuary 22, 2013 at 9:39 AM

      Hi chippa, Not sure of entering Sunpharma at current levels for 2-3 days. Can be entered for med term investment at current levels. Go short on Hero only below 1735.

      Delete
    4. Hamdan HarrisJanuary 22, 2013 at 9:44 AM

      ok..thnx for your valuable suggestion

      Delete
  4. UnknownJanuary 22, 2013 at 9:28 AM

    good morning sir
    please tell me tgt for
    REL CAP AND JSWL STEEL BOTH HOLDING 500 INFUTURE AT CMP

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    Replies
    1. UnknownJanuary 22, 2013 at 9:31 AM

      Good Morning Pravin, Rel Cap has resistance near 497, JSW can test 884 if markets remain positive.

      Delete
    2. UnknownJanuary 22, 2013 at 11:21 AM

      THANKS SIR

      Delete
  5. subinJanuary 22, 2013 at 9:38 AM

    gm SR can i enter bhel jan 240 ce@cmp as per ur positional call

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  6. UnknownJanuary 22, 2013 at 9:43 AM

    Hi SR, Good morning

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  7. UnknownJanuary 22, 2013 at 9:59 AM

    Sir Can i enter itc for 2 weeks for a decent target?

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  8. sbrjJanuary 22, 2013 at 10:01 AM

    gm sir. which is hot pick to enter into intraday?kindly suggest

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  9. subinJanuary 22, 2013 at 10:06 AM

    hi sir ur view on cairn.holding 360 ce

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  10. DAlertsJanuary 22, 2013 at 10:10 AM

    Hi Sunil, Good morning!

    I'm stuck in HDFC 880 CE @ 3. pls suggest if I shd hold till Jan expiry.

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    Replies
    1. UnknownJanuary 22, 2013 at 10:15 AM

      Hi DAlerts, Would advise to exit from it on rise. 880+ seems unlikely this expiry.

      Delete
  11. sbrjJanuary 22, 2013 at 10:17 AM

    can i hold sbi up to jan expiry?

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    Replies
    1. UnknownJanuary 22, 2013 at 10:25 AM

      Hi sbrj, exit on targets or sl. Overall looks good.

      Delete
  12. UnknownJanuary 22, 2013 at 10:29 AM

    Sir 6200 CALL is having MAX OI , that means nifty may not cross 6200 in JAN series . So at what level it can reach (6029 or higher) and will it reverse from there.

    ReplyDelete
    Replies
    1. UnknownJanuary 22, 2013 at 10:37 AM

      Hi Sonu, yes, 6200 is unlikely in Jan series. But does not indicate a reversal from these levels. As markets are trading in a low volatility zone, so near resistances matter as of now. 6129 is next.

      Delete
  13. DAlertsJanuary 22, 2013 at 10:39 AM

    Thanks Sunil!
    Wht low level of petronet till expiry?

    ReplyDelete
  14. UnknownJanuary 22, 2013 at 10:41 AM

    Sir Can I buy Banknifty now?

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    Replies
    1. UnknownJanuary 22, 2013 at 10:46 AM

      Avoid Banknifty as of now. Is range bound 12630-12890. Enter it for trading once it breaks the range.

      Delete
  15. Mahender Reddy PulakandlaJanuary 22, 2013 at 10:53 AM

    Sunil,
    Will NIFTY test 6115/6120 today? (any chances)?
    What's your view?

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    Replies
    1. Mahender Reddy PulakandlaJanuary 22, 2013 at 11:01 AM

      Booked 20 points Profit(@6105) on MINIFTY. (ROI : 2.6%), entered at 6085 yesterday.

      Delete
    2. UnknownJanuary 22, 2013 at 11:22 AM

      Nice to know :) Not sure of 6115-6120 today. Strong resistance near 6101/6105 for intraday.

      Delete
  16. tarunJanuary 22, 2013 at 10:58 AM

    hi SR,

    what about shorting 6100 CE and buying 1 lot minifty ???

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaJanuary 22, 2013 at 11:02 AM

      FYI : Lots sizes differ tarun? (NIFTY : 50, Minifty: 20).
      Hope you are aware of it.

      Delete
    2. tarunJanuary 22, 2013 at 11:05 AM

      ya, Mahender.. or may buy 2 lots minifty.. considering upside 6130 would be difficult

      Delete
    3. UnknownJanuary 22, 2013 at 11:24 AM

      Hi tarun, Not sure, need to work out the payouts and breakevens.

      Delete
  17. UnknownJanuary 22, 2013 at 11:25 AM

    SIR
    LNT CAN BUY FOT TGT 1600 TIL THIS WEEK ?

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    Replies
    1. UnknownJanuary 22, 2013 at 11:40 AM

      Hi Pravin, Has strong resistance near 1575. Enter once it breaks and sustains above it.

      Delete
  18. UnknownJanuary 22, 2013 at 12:17 PM

    Sir Can i enter SBI PUT 2400?

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    Replies
    1. UnknownJanuary 22, 2013 at 12:36 PM

      Hi Srinivas, Enter Put only below 2430 till then its buy on dips.

      Delete
  19. DAlertsJanuary 22, 2013 at 12:22 PM

    pls suggest if can enter RIL 920 PE @ cmp

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    Replies
    1. UnknownJanuary 22, 2013 at 12:41 PM

      Can't advise to enter a PE on RIL as it has given a strong breakout. Its still buy on dips.

      Delete
  20. UnknownJanuary 22, 2013 at 12:53 PM

    Sir,
    I am long in Sesagoa future can u pls give me the stop loss target if possible future levels.
    Tks

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    Replies
    1. UnknownJanuary 22, 2013 at 1:05 PM

      Hi Kishan, Overall looks weak, Try to exit on any rise. Keep SL at 183.5 (spot)

      Delete
    2. UnknownJanuary 22, 2013 at 1:11 PM

      tks

      Delete
  21. DAlertsJanuary 22, 2013 at 12:57 PM

    OK, thanks!

    ReplyDelete
  22. UnknownJanuary 22, 2013 at 1:13 PM

    Trailed SL triggered, any call pl.

    ReplyDelete
  23. rameshbJanuary 22, 2013 at 1:22 PM

    HI SIR,
    SO , CAN I ADD NIFTY 6100 AT CMP FOR INTRADAY OF R SOME GAINS?

    ReplyDelete
    Replies
    1. UnknownJanuary 22, 2013 at 1:31 PM

      Hi ramesh, Avoid trading options in low volatility markets.

      Delete
  24. sbrjJanuary 22, 2013 at 1:26 PM

    hi sir,want to average sbi and ril feb calls.please advice.thanks

    ReplyDelete
  25. UnknownJanuary 22, 2013 at 1:34 PM

    Hi SR,
    Good Afternoon.. Sir If any stock is going down and its future is also in trading in discount(lower than its spot quote), then what does it indicates?

    ReplyDelete
    Replies
    1. UnknownJanuary 22, 2013 at 1:41 PM

      Hi Vibhor, Good Afternoon, Indicates weakness and may likely see lower levels in future.

      Delete
    2. UnknownJanuary 22, 2013 at 1:45 PM

      ok SR thanks....

      Delete
  26. UnknownJanuary 22, 2013 at 1:38 PM

    Sir, how this volatility can be seen online, any link pl.

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    Replies
    1. UnknownJanuary 22, 2013 at 1:42 PM

      Hi Kishan, Volatility index or India VIX can be seen on your trading terminal or on nseindia.com

      Delete
    2. UnknownJanuary 22, 2013 at 1:50 PM

      got it, now 13.96, volatility high means around 14.50-15 ?

      Delete
    3. UnknownJanuary 22, 2013 at 2:07 PM

      Hi Krishna, India VIX is the annualised average volatility. Currently near 14 means, From current levels, index may move 14% upside or downside. Generally India VIX ranges around 20-21%, but it has been trading below 15 for more that 4 months

      Delete
    4. UnknownJanuary 22, 2013 at 2:13 PM

      Thank you very much for your explanation.

      Delete
  27. UnknownJanuary 22, 2013 at 1:41 PM

    Sir Can I buy BHEL future this time?

    ReplyDelete
  28. UnknownJanuary 22, 2013 at 2:14 PM

    sir can i buy CAIRN FEB CALL FOR 360 AT 4 ?

    ReplyDelete
  29. UnknownJanuary 22, 2013 at 2:20 PM

    GA Sunilji. you say VIX has been trading below 15 for more than 4 months. what does it indicates - nifty goes up in coming months.

    ReplyDelete
    Replies
    1. UnknownJanuary 22, 2013 at 2:30 PM

      Hi Arunashis, India VIX trading below 15 for over 4 months is not a healthy sign for the markets. The VIX needs to increase and the only way is we see a major correction. The correction may either come before Nifty makes a new high or after Nifty makes a new high.

      Delete
  30. UnknownJanuary 22, 2013 at 2:29 PM

    Today EU markets are heavily downward, whether nifty has a buying opportunity at dip?

    ReplyDelete
    Replies
    1. UnknownJanuary 22, 2013 at 2:35 PM

      Hi Krishna, Yes, dips can be bought into nifty

      Delete
  31. sadev_samalJanuary 22, 2013 at 2:37 PM

    Sir should we hold or exit sbin?

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    Replies
    1. UnknownJanuary 22, 2013 at 2:43 PM

      Hi sadev, Hold it with SL below current low.

      Delete
  32. UnknownJanuary 22, 2013 at 3:03 PM

    Hi SR, I have bought BHEL future @ 228.50. How many days may it take to touch its first target?

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    Replies
    1. UnknownJanuary 22, 2013 at 3:12 PM

      Hi Vibhor, That's nice. Targets likely to be achieved within a week.

      Delete
    2. UnknownJanuary 22, 2013 at 3:15 PM

      Ok SR sir, Thanks for your recommendation...

      Delete
  33. Mahender Reddy PulakandlaJanuary 22, 2013 at 3:32 PM

    Sunil,

    Went long in MINIFTY@6061 just before market close.
    What could the logic stoploss level to exit, if it goes south.
    Please share your thoughts.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownJanuary 22, 2013 at 3:35 PM

      Hi Mahy, Nifty has support at 6037 (houly closing). Can exit if its breached.

      Delete
    2. UnknownJanuary 22, 2013 at 3:37 PM

      As the next deeper support would be 5991

      Delete
    3. UnknownJanuary 22, 2013 at 5:12 PM

      Most Welcome.

      Delete
  34. UnknownJanuary 22, 2013 at 3:41 PM

    Sir, Is it a profit booking or correction?

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    Replies
    1. UnknownJanuary 22, 2013 at 5:14 PM

      Hi Krishna, Its profit booking. Downside limited. Very Strong support at 5991

      Delete
    2. UnknownJanuary 22, 2013 at 8:37 PM

      Sir, Good evening
      Whether Nifty will test 6100 again within this expiry? 7 days remaining, entered 6100ce small qty @ days low,just before closing.

      Delete
    3. UnknownJanuary 23, 2013 at 1:13 AM

      Good Evening Krishna, Yes, Nifty will most likely head above 6100 before expiry.

      Delete
  35. Mahender Reddy PulakandlaJanuary 22, 2013 at 4:07 PM

    Europe Major indices recovering from early lows of the day.

    ReplyDelete
  36. UnknownJanuary 22, 2013 at 6:30 PM

    Hi SR, HDIL slipped 7% today... Is there any news behind it?

    ReplyDelete

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