Nifty Trades for 23/01/2013

Jan 23, 2013 9:00 AM
82 Comments
23/01/2013 09:00  Trend: Negative, SL: 6074
23/01/2013 13:15  SL Trailed: 6062
23/01/2013 14:05  SL Trailed: 6053
23/01/2013 14:30  SL Trailed: 6049
23/01/2013 15:10  SL Triggered, Trend: Positive, SL: 6023
23/01/2013 15:25  SL Trailed: 6038
23/01/2013 15:30  Buy Level: 6051, Target: 6088-91, SL: 6038


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  1. Hamdan HarrisJanuary 23, 2013 at 9:10 AM

    Good Morning Sunilji

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  2. UnknownJanuary 23, 2013 at 9:10 AM

    Hi SR, Good Morning....

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  3. sbrjJanuary 23, 2013 at 9:14 AM

    good morning sunil
    can i short hul at cmp for 430 target before expiry?
    holding sbi,can i average it?

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    Replies
    1. UnknownJanuary 23, 2013 at 9:19 AM

      Good Morning sbrj, Dont short HUL, has already declined a lot. Hold SBI, don't avg.

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    2. UnknownJanuary 23, 2013 at 9:20 AM

      Keep 2455 as SL on SBI and hold

      Delete
  4. sbrjJanuary 23, 2013 at 9:24 AM

    thank you sir.

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  5. sbrjJanuary 23, 2013 at 9:27 AM

    one more question,.tomor is L&T results,can i buy it today for 1600 target?

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    Replies
    1. UnknownJanuary 23, 2013 at 9:31 AM

      Most Welcome. Don't enter scrips ahead of results as it can be very volatile. As it is, 1575-1583 is a strong resistance for LT.

      Delete
  6. Mahender Reddy PulakandlaJanuary 23, 2013 at 9:31 AM

    Good morning Sunil.

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  7. UnknownJanuary 23, 2013 at 9:32 AM

    Hi SR, Good morning
    A positive trend..... todays tgts pl.

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  8. DebuJanuary 23, 2013 at 9:56 AM

    Hi SR morning, Can I enter 6000 PE with 6074 SL for today.

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  9. UnknownJanuary 23, 2013 at 10:03 AM

    Hi SR, Your view on BHEL today?

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  10. UnknownJanuary 23, 2013 at 11:05 AM

    Sir, 6060 hourly close at 11 AM, what does it indicate?

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    Replies
    1. UnknownJanuary 23, 2013 at 11:46 AM

      Hi Krishna, Hourly close was 6059.05, failed to sustain above 6060. Next imp. support at 6037.

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    2. UnknownJanuary 23, 2013 at 11:55 AM

      Market is very strong, see the large caps. At any moment Nifty can cross 6100+

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    3. UnknownJanuary 23, 2013 at 12:08 PM

      Hi Krishna, Lets hope for the best.

      Delete
  11. SAIJanuary 23, 2013 at 11:52 AM

    Hi Sunilji Good Morning

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  12. UnknownJanuary 23, 2013 at 12:05 PM

    Hello Sir,
    U always follow hourly chart, can u please tell what is the importance of hourly charts.
    Tks

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    Replies
    1. UnknownJanuary 23, 2013 at 12:23 PM

      Hi Kishan, One may follow any time-frame. 1/3/5-min time frames are generally used for intraday as per risk appetite. 15/30/60-min time frames are good for Positional Trades. Most of us here trade in F&O segment and may hold trade till expiry. But to avoid decay of premiums, a positional trade should be squared off within a week. 60-min charts give a decent performance in this matter.

      Delete
    2. UnknownJanuary 23, 2013 at 12:26 PM

      Thank u for your explanation sir

      Delete
  13. UnknownJanuary 23, 2013 at 12:44 PM

    Sorry to bother u once again, since you are very experienced I request u to suggest some good chart settings to flw for intraday as I wish to do intraday also

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    Replies
    1. UnknownJanuary 23, 2013 at 12:54 PM

      Hi Kishan, You may use MACD, RSI and stochastics with standard settings

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  14. UnknownJanuary 23, 2013 at 12:50 PM

    Sir I am holding SBI 2600 Call (bought @ 18) and 6100 PUT (bought @ 50) . At what level I shall book profit in 6100 PUT.

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    Replies
    1. UnknownJanuary 23, 2013 at 1:00 PM

      Hi Sonu, SBI is a hold for now. Book profits in Nifty PE at your own perusal. Support near 6037. Overall above 5991, its still buy on dips.

      Delete
  15. UnknownJanuary 23, 2013 at 12:54 PM

    hi SR , your view on dlf can enter long at cmp?

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  16. sbrjJanuary 23, 2013 at 1:24 PM

    holding nifty puts. where to book profit? please tell one share to short and hold till expiry.

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    Replies
    1. UnknownJanuary 23, 2013 at 1:28 PM

      Hi sbrj, Book profits in Nifty PE at your own perusal. Support near 6037. Overall above 5991, its still buy on dips.

      Delete
  17. sbrjJanuary 23, 2013 at 1:30 PM

    shall i go with nifty call now?thank you

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  18. UnknownJanuary 23, 2013 at 2:29 PM

    Those holding Nifty shorts may book profits near 6023-25. High risk traders may initiate long positions in Nifty in small qty with SL below 5991.

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  19. ParitoshJanuary 23, 2013 at 2:33 PM

    Can I go long with Sintex for 2-3 weeks?

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  20. UnknownJanuary 23, 2013 at 2:48 PM

    Sir can we buy JAN or FEB Calls and which call we can buy .

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  21. UnknownJanuary 23, 2013 at 2:52 PM

    Sir in FEB can we buy 6300 call or 6400 call .

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    Replies
    1. UnknownJanuary 23, 2013 at 2:55 PM

      Go with 6200/6300.

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    2. UnknownJanuary 23, 2013 at 2:58 PM

      Either enter on dips near 6023 or else enter after break above 6049

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  22. UnknownJanuary 23, 2013 at 3:00 PM

    I am planning to buy 10 lots of FEB 6300 Calls at around 6023-25 levels .

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    Replies
    1. UnknownJanuary 23, 2013 at 3:10 PM

      Hi Sonu, If Nifty breaks above 6049 ... 6023 may not be possible soon.

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  23. UnknownJanuary 23, 2013 at 3:14 PM

    Good afternoon sir, 6074 can be seen today?

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    1. UnknownJanuary 23, 2013 at 3:17 PM

      Now need not bother about 6074... Hold your longs with trailing sl as per Autochannels. Nifty likely to head to 6165-75 this expiry.

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    2. UnknownJanuary 23, 2013 at 3:17 PM

      thanks

      Delete
  24. UnknownJanuary 23, 2013 at 3:20 PM

    Sir I bought 6300 feb call - 2 lots @ 25.75 .

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    Replies
    1. UnknownJanuary 23, 2013 at 3:23 PM

      ok. hold for now with trailing sl as per AutoChannels.

      Delete
  25. UnknownJanuary 23, 2013 at 3:22 PM

    Those who have entered longs in Nifty near 6023 as per my earlier recommendation may hold it with trailing SL as per AutoChannels for target of 6164 this expiry.

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  26. rameshbJanuary 23, 2013 at 3:26 PM

    G A SIR, OPT-SESGOA-31-Jan-2013-210-CE. WHAT IS YOUR OPINION.SHOULD I HOLD TILL EXPIRY , ANY CHANCES OF UPMOVE?

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    Replies
    1. UnknownJanuary 23, 2013 at 3:36 PM

      Good Afternoon ramesh, 210 seems unlikely this expiry. Would advice to exit on any rise.

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  27. UnknownJanuary 23, 2013 at 3:31 PM

    Excellent closing !!!

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    Replies
    1. UnknownJanuary 23, 2013 at 3:37 PM

      hmm :) Now, Don't you feel booking profits on Monday was the right decision!!!

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  28. UnknownJanuary 23, 2013 at 3:49 PM

    Thank you sir for your valued guidance.I'm not an expert having one yr. experience and holding risk of 10 lots call/opt or 2-3 lots fut only. But I'm gaining a lot of experience with your blog.
    Regards,

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    Replies
    1. UnknownJanuary 23, 2013 at 3:59 PM

      Most Welcome and thanks for your kind comments. From today, I have launched an updated version of AutoChannels. You may notice the differences in the coming days.

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    2. UnknownJanuary 23, 2013 at 9:54 PM

      Good evening sir,eagerly waiting for that and want to learn a lot from you.

      Delete
  29. sbrjJanuary 23, 2013 at 5:25 PM

    Good evening.Asusual awesome calls by Autochannels.
    keep rocking and sincere thanks for your guidance..

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    Replies
    1. UnknownJanuary 23, 2013 at 6:16 PM

      Good Evening sbrj, Most Welcome and thanks for your kind comments.

      Delete
  30. UnknownJanuary 23, 2013 at 5:57 PM

    Hi SR, I missed today's call. It was great levels near 6025 to buy. Great call SR. I was absent due to some work... :(

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    1. UnknownJanuary 23, 2013 at 6:40 PM

      Hi Vibhor, Thanks. Was waiting since Monday to re-enter Nifty. One may even enter now near 6051

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  31. UnknownJanuary 23, 2013 at 6:02 PM

    HDIL again slipped 14.14% today...

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    Replies
    1. UnknownJanuary 23, 2013 at 6:46 PM

      Yes, seems was an insider scam to double its share price in less than 6 months to sell off stake. http://www.moneycontrol.com/mccode/nri/news_detail.php?autono=812071

      Delete
  32. UnknownJanuary 23, 2013 at 6:56 PM

    ok. Thanks SR.. Even your BHEL call was so good. It did not break its support 228.5. And gave a good bounce from its support. Nice call...

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    Replies
    1. UnknownJanuary 23, 2013 at 7:09 PM

      Most Welcome. Yes. And has formed a nice flag above supports. Can expect a breakout tomorrow.

      Delete

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