Nifty Trades for 25/01/2013

Jan 25, 2013 9:00 AM
180 Comments
25/01/2013 09:00  Trend: Negative, SL: 6041
25/01/2013 12:25  SL Triggered, Trend: Positive, SL: 6015
25/01/2013 12:45  Buy Level: 6029-32, Target: 6068-71, SL: 6015 (Trade in low qty.)
25/01/2013 13:20  SL Trailed: 6025
25/01/2013 13:45  SL Trailed: 6037
25/01/2013 14:20  SL Trailed: 6047
25/01/2013 14:45  Buy Level: 6060-63, Target: 6099-6102, SL: 6047 (Trade in low qty.)
25/01/2013 15:25  SL Trailed: 6051


If you like this post, be sure to share it with your friends!
Its the best way to say a "Thank you"
  1. pradipJanuary 25, 2013 at 9:31 AM

    HI SUNIL, CAN WE BUY TATAMOTORS PE AT CURRENT MARKET PRC FOR INTRADAY GAINS?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 9:37 AM

      Hi Pradip, Likely to see a reactive upmove today. Avoid shorting it.

      Delete
  2. UnknownJanuary 25, 2013 at 9:33 AM

    Hi SR, Good morning
    How is the Nifty movement today?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 9:41 AM

      Hi Krishna, Till now holding support of 6010 well. But VIX and option premiums rising. Lets wait to see which side Nifty takes a move.

      Delete
  3. MaheshJanuary 25, 2013 at 9:35 AM

    Hai Sunil Ji... Good Morning...

    ReplyDelete
  4. pradipJanuary 25, 2013 at 9:39 AM

    hi sunil,
    any script for intraday trading?

    ReplyDelete
  5. pradipJanuary 25, 2013 at 9:49 AM

    hi sunil, looking at the advance & decline ratio , it seems if we short nifty we can gain somethg?ur views please

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 9:58 AM

      Hi pradip, Wait for now, Enter shorts if we break below 6008, longs if we break above 6041.

      Delete
  6. Mahender Reddy PulakandlaJanuary 25, 2013 at 9:54 AM

    Good Morning Sunil/Readers.

    ReplyDelete
  7. anuJanuary 25, 2013 at 9:56 AM

    Good morning sir,
    Shorted nifty @ 6030, shall I maintain the SL of 6041 on spot?

    ReplyDelete
  8. subinJanuary 25, 2013 at 10:01 AM

    good morning SR..ur view on LT.holding 1600 ce.premium not moving much.exit now?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 10:06 AM

      Good Morning subin, Had replied earlier in yesterday's page. Hold with a SL of 1570. If it manages to sustain above 1585, can head ahead to 1640.

      Delete
    2. UnknownJanuary 25, 2013 at 10:08 AM

      Correction: 1584

      Delete
    3. subinJanuary 25, 2013 at 10:12 AM

      thanks sir..just noticed it

      Delete
    4. UnknownJanuary 25, 2013 at 10:24 AM

      Most Welcome.

      Delete
  9. UnknownJanuary 25, 2013 at 10:07 AM

    GM SR. Last 3 days Nifty(F) OI reduced 17% and premium is almost 0.What does it suggest?
    Thanks.

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 10:15 AM

      GM Arunashis, OI reduction indicates closure of long positions in Nifty. As Nifty is close to major support levels, we see the battle between bulls and bears. Loss in premium or futures at discount indicates bears have an upper hand in the battle. But until the support is breached, bulls always have a good chance to fight back.

      Delete
  10. sdkbestJanuary 25, 2013 at 10:25 AM

    GM SR

    Levels of Jindal steel , please

    ReplyDelete
  11. pradipJanuary 25, 2013 at 10:39 AM

    hi sunil, markets trading in a very narrow zone ?wat to do? today seems to be a no trading zone/day?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 10:42 AM

      Hi pradip, yes, Let it break out of the range. Heavy options have been bought in both directions. The break of range would drop premiums of one considerably. That's why the option writing pair strategy.

      Delete
  12. UnknownJanuary 25, 2013 at 10:40 AM

    Option Writing Pair Strategy: Short Feb 6200CE and short Feb 5900PE at combined price of 88 (cmp). Keep SL of 64.5 for either and exit both if SL triggered.
    Note: This trade is only for traders who can follow the SL strictly. Do not break the pair at any times.

    ReplyDelete
    Replies
    1. anuJanuary 25, 2013 at 10:48 AM

      Sir,
      If I am not wrong, SL shall be more than 88 (CMP) as we are shorting.

      Delete
    2. UnknownJanuary 25, 2013 at 10:51 AM

      Currently each is trading around 44. If either of them hits 64.5, we book profits in the other as well.

      Delete
    3. anuJanuary 25, 2013 at 10:51 AM

      Oh OK
      Thanks Sir

      Delete
    4. Mahender Reddy PulakandlaJanuary 25, 2013 at 10:52 AM

      I've entered it@88
      Thanks for the Call Sunil.

      Good find Anu.

      What are the profits levels that we are expecting, If nifty hold between 5900 and 6200. (Complete Premium), Probability Please.

      Thanks
      Mahy

      Delete
    5. Mahender Reddy PulakandlaJanuary 25, 2013 at 10:54 AM

      Combined of entry is @88 and SL Exit@129.
      Thanks for clarification Sunil.

      Delete
    6. UnknownJanuary 25, 2013 at 10:56 AM

      Most Welcome anu.

      Hi Mahy, Gave this call as option premiums have risen higher than previous day. The break of range will almost instantly bring down premiums to a good extent. But one may keep holding it keeping SL at 75% of previous day's net premium for each of them.

      Delete
    7. Mahender Reddy PulakandlaJanuary 25, 2013 at 10:57 AM

      Oops I miss interpreted it :)
      Either of the one reaches 64.5, we exit both.
      I think I'm understood it right. hehe

      Delete
    8. Mahender Reddy PulakandlaJanuary 25, 2013 at 10:57 AM

      Okay Thank you Sunil.

      Delete
    9. UnknownJanuary 25, 2013 at 11:06 AM

      That's right! Most Welcome.

      Delete
  13. pradipJanuary 25, 2013 at 10:48 AM

    hi sunil, autosector positive today, considering that and also since tatamotors trading high with good volume can i buy CE today for intraday , if yes LEVELS plz?

    ReplyDelete
  14. UnknownJanuary 25, 2013 at 10:49 AM

    Sir I am holding Bank Nifty JAN 12800 CALL short (sold @ 67) and Bank Nifty JAN 12400 PUT short (sold @ 59) . Is it safe to hold both shorts till JAN Expiry .

    ReplyDelete
  15. DAlertsJanuary 25, 2013 at 10:57 AM

    Hi Sunil, Good morning!

    Your short term view on Cipla pls. It's below 21 & 50 DMA.

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 11:05 AM

      Hi DAlerts, Has hit strong support levels of 388 today, if it holds on to it for 1-2, can see a good bounce from here.

      Delete
  16. UnknownJanuary 25, 2013 at 11:03 AM

    Hello sir,
    What is ur view on Maruti

    ReplyDelete
  17. UnknownJanuary 25, 2013 at 11:05 AM

    Sir I am holding Nifty JAN 6000 PUT , SBI JAN 2600 call and Nifty Feb 6300 call . Shall I exit from JAN 6000 PUT and JAN SBI 2600 call now .

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 11:09 AM

      Hold shorts with sl above 6041 and long with a sl below 6008. Its a tight range as of now.

      Delete
  18. UnknownJanuary 25, 2013 at 11:11 AM

    Hello sir, entered short strangle, the SL may come if Nifty likely to test either 6100 or 5950?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 11:16 AM

      Hi Krishna, The SL is meant to book loss in one profits in the other. We should overall be gainers :)

      Delete
    2. UnknownJanuary 25, 2013 at 11:18 AM

      Option premiums rising even higher... India VIX near 15.

      Delete
    3. UnknownJanuary 25, 2013 at 11:35 AM

      Sir, i understand you. But 'SL of 64.50 for either' will test at which state of Nifty(approx) yet time factor is there.

      Delete
    4. UnknownJanuary 25, 2013 at 11:36 AM

      ok got it

      Delete
    5. UnknownJanuary 25, 2013 at 11:41 AM

      Ideally, we would not want the SL to be triggered, and we remain in the trade till next expiry. :) We may book profits after a break of range is sustained for about half an hour. But if the breaks are violent, we need to keep a SL to exit the loss making trade instantly.

      Delete
  19. UnknownJanuary 25, 2013 at 11:33 AM

    The break of range in Nifty may be expected within next 60-90 mins. Nifty is forming a converging traingle and may breakout soon. Keep watch!

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 11:38 AM

      Breakout in upside or downside?

      Delete
    2. UnknownJanuary 25, 2013 at 11:42 AM

      Let the elephant decide its path, we follow :)

      Delete
    3. UnknownJanuary 25, 2013 at 11:46 AM

      ok.. If nifty break 6041 levels then what will be the target of nifty? and if nifty breaks 6008, then target?

      Delete
    4. UnknownJanuary 25, 2013 at 11:53 AM

      Targets are calculated by Autochannels on the basis of the momentum of channel breaks. So we need to wait for now. Next Supports: 5991, 5976. Next Resistances: 6055, 6078

      Delete
    5. UnknownJanuary 25, 2013 at 11:56 AM

      ok Sir... Your view on TATA STEEL?

      Delete
    6. UnknownJanuary 25, 2013 at 12:00 PM

      Looks weak below 402. If breaks 398, can see 389.

      Delete
  20. UnknownJanuary 25, 2013 at 11:36 AM

    Hi SR Good Morning..

    ReplyDelete
  21. UnknownJanuary 25, 2013 at 11:58 AM

    Excellent setup for a major swing in Nifty. Our short strangle at 88 now at 90. Let's wait for this bubble to burst.

    ReplyDelete
  22. subinJanuary 25, 2013 at 12:00 PM

    SIR can i enter bhel @cmp?

    ReplyDelete
  23. anuJanuary 25, 2013 at 12:08 PM

    Sir, as I am short in nifty, in case if it crosses SL of 6041, whether I need to wait for few minutes or sell off immediately?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 12:12 PM

      Would be better to exit as the breakout momentum may be strong after such a build up.

      Delete
  24. anuJanuary 25, 2013 at 12:13 PM

    OK, Thank you sir

    ReplyDelete
  25. RamJanuary 25, 2013 at 12:13 PM

    Hi Sunil ji,

    Can I enter Cairn @ cmp (321) ?

    Please give support resistance levels for it.

    ReplyDelete
  26. UnknownJanuary 25, 2013 at 12:14 PM

    Hi SR, india vix is now up by 2.21%. It was 3.31% before 15 minutes...

    ReplyDelete
  27. anuJanuary 25, 2013 at 12:20 PM

    Sir
    The SL 6041 is broken,
    What next?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 12:22 PM

      Not Yet. The 5-min bar should at least close above it.

      Delete
  28. UnknownJanuary 25, 2013 at 12:21 PM

    Nifty fails first breakout attempt. Not a good signal for those hold longs. :(

    ReplyDelete
  29. RamJanuary 25, 2013 at 12:22 PM

    Hi Sunilji,

    For entering option pairs,is it better to place a basket market order ?

    ReplyDelete
  30. UnknownJanuary 25, 2013 at 12:27 PM

    can enter 6100ce now..?

    ReplyDelete
  31. UnknownJanuary 25, 2013 at 12:29 PM

    sunilji,

    Will the market move beyond 6055 today and range bound in that area?

    ReplyDelete
  32. pradipJanuary 25, 2013 at 12:37 PM

    hi sunil, european market seems to open lower will it act as a turning point?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 12:42 PM

      European Markets openings most likely are already factored in. If Nifty holds the breakout another few mins, we may go long on any dips.

      Delete
    2. pradipJanuary 25, 2013 at 12:44 PM

      kindly confirm as an when u think by checking the charts plz

      Delete
  33. sbrjJanuary 25, 2013 at 12:40 PM

    good morning sr ji. having nifty shorts.what is stoploss?hold or exit?can i enter in calls?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 1:03 PM

      Good Afternoon. Exit shorts for now. Can enter long in small qty as per call.

      Delete
  34. UnknownJanuary 25, 2013 at 12:40 PM

    Hi SR, Can I go short in tata steel?

    ReplyDelete
  35. pradipJanuary 25, 2013 at 12:45 PM

    we are all waiting for the confirmation?

    ReplyDelete
  36. UnknownJanuary 25, 2013 at 12:47 PM

    25/01/2013 12:45 Buy Level: 6029-32, Target: 6068-71, SL: 6015 (Trade in low qty.)

    ReplyDelete
  37. pradipJanuary 25, 2013 at 12:48 PM

    is it a confirmation that nifty shall go up?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 1:07 PM

      Should likely go up as its sustaining the breakout. However, we place a SL in case market change their mood.

      Delete
  38. subinJanuary 25, 2013 at 12:53 PM

    can i go with jan 6100 ce j?

    ReplyDelete
  39. UnknownJanuary 25, 2013 at 1:06 PM

    Can I buy 6100 CE NOW?

    ReplyDelete
  40. sbrjJanuary 25, 2013 at 1:38 PM

    can i enter in calls now at 6050?thanks

    ReplyDelete
  41. UnknownJanuary 25, 2013 at 1:44 PM

    6000PE regains max OI in Nifty once again. 6010 held good. If these stats are held on closing basis, BEARS may have to wait some more time for another swing high of Nifty.

    ReplyDelete
  42. subinJanuary 25, 2013 at 1:48 PM

    SIR i miss this rally since didnt get any dip

    ReplyDelete
  43. UnknownJanuary 25, 2013 at 1:51 PM

    Bad luck,I also didn't catch it as it was not a real time call.

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 1:53 PM

      We will catch the next one. :)

      Delete
    2. UnknownJanuary 25, 2013 at 2:01 PM

      No issue,today most(100% in CNBC Awz)of the analysts have given sell at 12 noon, but you are the odd one. Thanks

      Delete
    3. UnknownJanuary 25, 2013 at 2:25 PM

      Most Welcome. Just believed on the new version of AutoChannels.

      Delete
    4. UnknownJanuary 25, 2013 at 2:46 PM

      Excellent, as we are always participated with your calls, we are feeling the market very closely which is very very important for gaining the confidence.

      Delete
  44. Mahender Reddy PulakandlaJanuary 25, 2013 at 1:51 PM

    Sunil,

    Do we need to be ready to exit our NIFTY short call and put? or we can hold them for expiry or few weeks ...?

    Please share your thoughts.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 1:56 PM

      Hi Mahy, Puts have not lost premium as expected. Today's closing would be important. We will hold it with our SL for some more time.

      Delete
    2. UnknownJanuary 25, 2013 at 1:57 PM

      If the SL is not triggered, the more the delay the more we are gainer

      Delete
    3. UnknownJanuary 25, 2013 at 2:06 PM

      Yes.

      Delete
  45. sbrjJanuary 25, 2013 at 1:55 PM

    same here,missed it.please suggest entry levels for next ride.

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 1:58 PM

      Will have to wait for the next one now. Not today, I guess.

      Delete
    2. sbrjJanuary 25, 2013 at 2:02 PM

      ok sr ji. Thanks. Suggest one good share which is best for hold till expiry.

      Delete
  46. ParitoshJanuary 25, 2013 at 2:01 PM

    Sunil, When to exit intraday longs? Shall wait for 6068???

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 2:03 PM

      Yes, book near 6068, futures which were at par at breakout have already crossed 6071.

      Delete
  47. ParitoshJanuary 25, 2013 at 2:06 PM

    Booked 75% profit on 6100 CE...

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 2:09 PM

      Okay, Most likely your remaining 25% is for free of cost now. Hold it for positional target of 75 keeping SL at 6010.

      Delete
    2. ParitoshJanuary 25, 2013 at 2:09 PM

      I mean i exit 100% of holdings making a 75% profit...

      Delete
    3. UnknownJanuary 25, 2013 at 2:10 PM

      Oh, no issues. That's nice :)

      Delete
    4. anuJanuary 25, 2013 at 2:11 PM

      Sir,
      Can we buy 6100 CE now?

      Delete
    5. UnknownJanuary 25, 2013 at 2:16 PM

      Too late now. Wait for a dip now.

      Delete
  48. UnknownJanuary 25, 2013 at 2:15 PM

    Target Hit, Book Profits. Positional traders may hold part positions for positional target of 6164.

    ReplyDelete
  49. subinJanuary 25, 2013 at 2:19 PM

    great call ...no words to say

    ReplyDelete
  50. UnknownJanuary 25, 2013 at 2:24 PM

    Sir SBI 2600 call now @ 14 , (my buying is @ 18) . Shall I exit with min. loss now .

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 2:28 PM

      If its Jan exit on rise, may buy a feb call on some dips on Monday for same target of 2590-2600

      Delete
  51. UnknownJanuary 25, 2013 at 2:35 PM

    Max OI in 6200CE & 6000PE are 95 lacs each

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 2:40 PM

      Yes. 6010 support held. Likely to head ahead on Monday.

      Delete
  52. pradipJanuary 25, 2013 at 2:38 PM

    hi sunil ,
    your analysis is superb!!!

    ReplyDelete
  53. pradipJanuary 25, 2013 at 2:42 PM

    hi sunil, do u suggest any BTST?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 2:44 PM

      Hi pradip, was just thinking about that. Wait a minute.

      Delete
  54. UnknownJanuary 25, 2013 at 2:47 PM

    25/01/2013 14:45 Buy Level: 6060-63, Target: 6099-6102, SL: 6047 (Trade in low qty.,) May treat it as BTST

    ReplyDelete
    Replies
    1. anuJanuary 25, 2013 at 2:50 PM

      Sir,
      Do u think it will come down to these level?

      Delete
    2. UnknownJanuary 25, 2013 at 2:52 PM

      Yes, It already dipped once to 6061. Likely to test it again before close today.

      Delete
    3. anuJanuary 25, 2013 at 3:04 PM

      6060-63 in spot right sir?

      Delete
  55. pradipJanuary 25, 2013 at 3:05 PM

    nifty wat levels it will close today?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 3:09 PM

      Likely to be near 6068-71. Will call it a great closing, if goes beyond it.

      Delete
  56. pradipJanuary 25, 2013 at 3:18 PM

    hi sunil, on monday do u think the rally will continue?

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 3:27 PM

      US futures are trading positive. Most likely a gap-up on Monday. Rally may head upto 6102, 6133, 6164 this expiry.

      Delete
  57. Mahender Reddy PulakandlaJanuary 25, 2013 at 3:45 PM

    Congratulations Sunil for
    trading ideas which are hitting targets.

    Great going...
    Keep up the good work.

    Thanks again for your efforts in developing such system.

    Mahy

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 4:34 PM

      Most Welcome and Thanks for your kind comments Mahy. :)

      Delete
  58. UnknownJanuary 25, 2013 at 3:48 PM

    Sir I am still holding SBI Jan 2600 call . How do you find it's closing around 2513 . Also holding bank nifty short 12800 call (jan) and bank nifty short 12400 put (jan) . Do I need to cover PUT on monday .

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 4:43 PM

      SBI closing is good. Can add some more gains on Monday, But advise you to exit 2600CE Jan on any rise (even if its value is lower than today), may add a feb call on dips. If Banknifty sustain above 12715 by 10am on Moday, strictly exit 12800ce short without a second thought. Hold 12400pe short.

      Delete
  59. sbrjJanuary 25, 2013 at 5:19 PM

    can i enter in 6100 feb call on monday,if opens flat? bhel not moving much.can i hold to expiry

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 6:55 PM

      Hi sbrj, Can buy Nifty call on any dip. Hold Bhel till monday, still looks good.

      Delete
  60. UnknownJanuary 25, 2013 at 5:40 PM

    Sir I am holding jan 6000 put and feb 6300 call .please advice .

    ReplyDelete
    Replies
    1. UnknownJanuary 25, 2013 at 7:00 PM

      Hi sonu, Exit put on any dips on Monday. Book Call near 6099-6102.

      Delete
  61. sbrjJanuary 25, 2013 at 7:39 PM

    one last question is i have sbin 2700 feb calls 500,may i hold it till feb expiry for 2700,2800 target.is it possible?many thanks.
    happy republic day.

    ReplyDelete
    Replies
    1. sbrjJanuary 25, 2013 at 7:41 PM

      it is 500 quantity,5 lots of feb 2700 sbi

      Delete
    2. RamJanuary 25, 2013 at 7:50 PM

      Hi sbrj,

      For SBI, 500 quantity is 4 lots.
      Lot size is 125.

      Delete
    3. sbrjJanuary 25, 2013 at 8:03 PM

      thanks.typing mistake.

      Delete
    4. UnknownJanuary 25, 2013 at 10:56 PM

      Hi sbrj, Not sure about levels above 2590-2600 for SBI as yet. Lets see how things shape up. Outcome of RBI meet may likely have a major impact on banking stocks.
      Thanks and Happy Republic Day to you too.

      Delete
  62. sbrjJanuary 26, 2013 at 1:43 PM

    Goodmorning ,thanks aton guruji.
    i have sbi in my account and planning to buy icici on monday before rbi meet.how do you see icici for 1 month?
    i have strong feeling that these bank stocks will rally even if rbi does not cut rates due to short covering. your opinion please.
    many thanks.
    with regards.

    ReplyDelete
    Replies
    1. UnknownJanuary 26, 2013 at 3:01 PM

      Good Afternoon sbrj, Not sure how markets will react after outcome of RBI meet. Would be better to decide about entering ICICI after the market reaction on the outcome of rbi meet.

      Delete
  63. sbrjJanuary 26, 2013 at 5:05 PM

    thanks guruji.vl do as you suggest.guess 171 comments is new record of autochannels.in? congrats.

    ReplyDelete
  64. UnknownJanuary 26, 2013 at 7:00 PM

    Sir can I buy 10 lots of 6400 feb call wirh sl of 6050 .

    ReplyDelete
    Replies
    1. UnknownJanuary 26, 2013 at 8:22 PM

      Hi Sonu, Markets are going through a phase of low volatility. As such, we are not seeing major movements in Nifty. Don't buy OTM options as of now. Keep small targets and qty low. Enter and exit at earliest. Adhere SLs strictly. Do not hold onto options too long.

      Delete
  65. UnknownJanuary 26, 2013 at 9:17 PM

    Hi Sunil Rao ,Happy Republic day ![Wishing you now , though late in the day]
    Like they say ,better late than never ! ]
    Best of luck ,in all that you do .
    Gitanjali

    ReplyDelete
    Replies
    1. UnknownJanuary 26, 2013 at 9:43 PM

      Hi Gitanjali, Happy Republic Day to you and your family too. Thanks. Take Care.

      Delete
  66. sdkbestJanuary 27, 2013 at 9:11 AM

    Hi SR
    Good Morning
    From daily chart it seems Coal India has bottomed out at 340 levels.
    Can I enter 340CE of JAN series on Monday for quick returns?
    Please share your view on Coal India considering EOD chart along with following OI data of JAN series on Friday closing.
    320 PE 1000 shares
    340 PE 141000 shares
    360 PE 119000 shares
    380 PE 20000 shares
    400 PE 2000 shares
    (Max OI at 340 PE with 141000 shares)

    ReplyDelete
    Replies
    1. UnknownJanuary 27, 2013 at 11:41 AM

      Good Morning sdkbest, Avoid entering its CE. Overall looks weak below 350

      Delete
    2. sdkbestJanuary 27, 2013 at 1:02 PM

      Sir
      Can we judge the short term(approx. one month) support/resistance levels of a stock from OI data of PE/CE respectively? please focus some light on these aspect. Thanks

      Delete
    3. UnknownJanuary 27, 2013 at 6:24 PM

      Hi sdkbest, Most Welcome. OI data may be used as a confirmation tool in conjunction with other indicators for confirmation of major support/resistance levels for current series.

      Delete
    4. sdkbestJanuary 27, 2013 at 6:51 PM

      Thanks Sir for your explanation

      Delete
  67. UnknownJanuary 27, 2013 at 11:08 AM

    Sir !!! "HAPPY REPUBLIC DAY" !!!

    ReplyDelete
  68. sbrjJanuary 27, 2013 at 12:37 PM

    Hi guruji.
    missed your calls on friday,can i enter in feb 6100 call tomorrow and hold it for 10 days?
    target for nifty in feb month please.breaking previous highs 6330 is possible?market looks very strong.
    many thanks.

    ReplyDelete
    Replies
    1. UnknownJanuary 27, 2013 at 6:31 PM

      Hi sbrj, No issues. We will enter the next calls. Not sure of Feb series as yet.

      Delete

Subscribe to: Post Comments ( Atom )