Nifty Trades for 29/01/2013

Jan 29, 2013 9:00 AM
96 Comments
29/01/2013 09:00  Trend: Positive, SL: 6051
29/01/2013 11:05  SL Trailed: 6079
29/01/2013 13:25  SL Triggered, Trend: Negative, SL: 6101
29/01/2013 13:30  SL Trailed: 6095
29/01/2013 13:45  SL Trailed: 6081
29/01/2013 15:05  SL Trailed: 6073


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  1. sbrjJanuary 29, 2013 at 9:07 AM

    good morning sirji.
    may i buy nifty fut in opening? many thanks.

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 9:11 AM

      Good Morning sbrj, Add fresh positions after the RBI meet outcome.

      Delete
  2. RobotguyJanuary 29, 2013 at 9:11 AM

    Hi Sunil,
    Good morning, What do u think abt RBI announcement today. 25% reduction is already factored in :-)

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 9:19 AM

      Hi Robotguy, Good Morning, Not sure as yet. .25% is already factored in. Need some more positive news from RBI to make markets happy.

      Delete
  3. UnknownJanuary 29, 2013 at 9:24 AM

    sunilji,

    Is it risky to enter in jan 6100 CE at this moment?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 9:29 AM

      Hi neelima, Can be entered with SL below 6051.

      Delete
  4. Mahender Reddy PulakandlaJanuary 29, 2013 at 9:25 AM

    Good Morning Sunil.

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaJanuary 29, 2013 at 9:40 AM

      Sunil,

      What's ur view on the following stocks.

      COALINDIA, Ranbaxy, TataSteel. (at support and above)

      Please share your thoughts.

      Thanks
      Mahy

      Delete
    2. UnknownJanuary 29, 2013 at 9:47 AM

      Tata Steel has good support at 398. Ranbaxy has supports at 458, 449. Coal India has good support near 335. Overall Ranbaxy looks good of these 3

      Delete
    3. Mahender Reddy PulakandlaJanuary 29, 2013 at 10:07 AM

      Sunil,

      Can I enter NIFTY 6200CE FEB @ current levels (56)?
      Is the IV of those options is reasonable or very high?

      Please share your thoughts.

      Thanks
      Mahy

      Delete
    4. Mahender Reddy PulakandlaJanuary 29, 2013 at 11:00 AM

      Now trading at 64 :)

      Delete
    5. Mahender Reddy PulakandlaJanuary 29, 2013 at 11:02 AM

      now trading at 70.. wow :)

      Delete
  5. UnknownJanuary 29, 2013 at 9:28 AM

    Hi SR, Good morning

    ReplyDelete
  6. sbrjJanuary 29, 2013 at 9:30 AM

    may i buy bhel at cmp?

    ReplyDelete
  7. UnknownJanuary 29, 2013 at 9:42 AM

    Good Morning Sir, Should i continue to hold bhel futures?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 9:49 AM

      Good Morning arjun, hold for some more time.

      Delete
  8. UnknownJanuary 29, 2013 at 9:49 AM

    Good Morning bluez

    ReplyDelete
  9. pradipJanuary 29, 2013 at 9:54 AM

    hi sunil, good morning
    what does your instinct say? do u suggest to wait or take any high risk position?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 9:59 AM

      Hi pradip, Wait for entering fresh positions as yet.

      Delete
  10. sbrjJanuary 29, 2013 at 9:57 AM

    5700,5800,5900,6000,6100 puts has very high buying.is it bad for markets?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 10:01 AM

      Its due to speculative buying in options prior to RBI meet outcome.

      Delete
    2. UnknownJanuary 29, 2013 at 10:05 AM

      OI of 6200CE crosses 1 Cr.

      Delete
  11. UnknownJanuary 29, 2013 at 11:01 AM

    Hold Long positions.

    ReplyDelete
  12. UnknownJanuary 29, 2013 at 11:02 AM

    Nifty target 6099-6102 achieved. Hold for higher target of 6130-33

    ReplyDelete
  13. UnknownJanuary 29, 2013 at 11:13 AM

    Sir Bank nifty 12800 call (bought @ 152) , at level I shall exit .

    ReplyDelete
  14. sbrjJanuary 29, 2013 at 11:16 AM

    Guruji, 6200 call oi is 1,13,79,650.what do it suggest? many thanks

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 11:27 AM

      Max shorts on 6200CE. Unlikely to cross it in Jan series.

      Delete
  15. UnknownJanuary 29, 2013 at 11:26 AM

    Hi SR, Good Morning.. Do you see any correnction after achieving 6133?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 11:29 AM

      Good Morning Vibhor, Not yet. Do not enter shorts until market break major support levels.

      Delete
  16. UnknownJanuary 29, 2013 at 11:33 AM

    Sir Thanks I booked profit in bank Nifty 12800 call @ 165 . Please inform at what level I shall book profit in nifty 6300 feb calls (2 lots)

    ReplyDelete
  17. pradipJanuary 29, 2013 at 11:33 AM

    HI SUNIL,
    ANY NEW POSITIONS THAT CAN BE INITIATED NOW FOR INTRADAY GAINS?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 11:40 AM

      Hi pradip, Can buy on dips near 6093-96 for same target of 6130-33, keeping SL at 6079

      Delete
  18. UnknownJanuary 29, 2013 at 11:45 AM

    Sir which nifty call can we buy for target of 6130 .

    ReplyDelete
  19. UnknownJanuary 29, 2013 at 11:58 AM

    Hello Sir, is there any resistance at 6110 level? 6130-33 can test today?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 12:03 PM

      Hi Krishna, Not a major resistance, We have Bolinger bands high near 6110 on daily charts. Momentum of market is good and may test 6130-33 today itself or else tomorrow morning.

      Delete
    2. UnknownJanuary 29, 2013 at 12:16 PM

      Bollinger bands of bullish move up to test 6130-33?

      Delete
    3. UnknownJanuary 29, 2013 at 12:48 PM

      Hi Krishna, Nifty has broken above 6099-6102 band and sustaining quite some time above it. Most likely it would head to next levels of 6133, 6164 as per AutoChannels. Bolinger Bands will expand appropriately.

      Delete
    4. UnknownJanuary 29, 2013 at 12:57 PM

      Lets hope for the best at least to test next level

      Delete
  20. ParitoshJanuary 29, 2013 at 12:07 PM

    Sunil, GA... hope you're doing great. I am thinking of writing option... 6200 CE looks tempting, its expected to expire worthless, currently around 7.5, what do you say. I know its risky but lets say I invest my 10% capital, what should be the spot levels i should look to exit.

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 12:17 PM

      You are a bit late. But better late than never. I had shorted 6000PE and 6200CE at 10:50am at a combined value of 24. As its hardly 2 days to expiry, exit needs to be above 6192.

      Delete
  21. UnknownJanuary 29, 2013 at 12:08 PM

    Hi SR, Before 2 days I have shorted TATA STEEL FEB future @ 408. What should be my stop loss?

    ReplyDelete
  22. sbrjJanuary 29, 2013 at 12:15 PM

    should i enter call in cmp or shall wait for dip to 6095? many thanks.

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 12:20 PM

      Hi sbrj, Enter only dips to get a better risk/reward ratio. Did you enter call yesterday near 6060-63?

      Delete
  23. UnknownJanuary 29, 2013 at 12:22 PM

    Good Afternoon Sir, What is your view on BankofBaroda?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 12:25 PM

      Good Afternoon, Has bounced from major support levels. If it manages to break above 880, can head ahead to 920. Enter it only after it breaks above 880.

      Delete
  24. sbrjJanuary 29, 2013 at 12:24 PM

    entered and sold call 2 times since yesterday.now i have no positions.
    will enter in dips like you suggest. many thanks

    ReplyDelete
  25. sHasHiJanuary 29, 2013 at 12:25 PM

    Sunil Sir,
    Holding ICICI JAN 1200 PE @ 10
    Kindly share your views on the same

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 12:31 PM

      Hi Shashi, Exit from it at the earliest. ICICI looks strong above 1197. Can see 1267+ in short term.

      Delete
    2. sHasHiJanuary 29, 2013 at 12:34 PM

      OK
      Thank you Sir..

      Delete
    3. UnknownJanuary 29, 2013 at 12:39 PM

      Most Welcome.

      Delete
  26. ParitoshJanuary 29, 2013 at 12:30 PM

    Agreed, late.. but i did not take risk due to RBI policy... Cant believe Mr. Rao, a 50 BPS Rate cut could have propelled nifty over 6200 IMHO

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 12:36 PM

      I took the risk actually seeing the high IV before RBI announcement. Shorted @ 24. booked 50% at 12 after 15-20 mins and holding rest till expiry. As OI of 6200CE and 6000PE were increasing since morning, it was unlikely any announcement to trigger a move below 6000 or above 6200. :)

      Delete
  27. ParitoshJanuary 29, 2013 at 12:40 PM

    I need to work on my IV and OI analysis... can't find a way to track them real time...

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 12:43 PM

      You should be able to track OI and VIX on your trading terminal.

      Delete
  28. ParitoshJanuary 29, 2013 at 1:01 PM

    I am in office and i am not allowed to install any third party software... that's why the tracking is bad and I miss opportunities often.

    ReplyDelete
  29. UnknownJanuary 29, 2013 at 1:20 PM

    Sir Can i opt for sbin 2600ce feb series?

    ReplyDelete
  30. UnknownJanuary 29, 2013 at 1:28 PM

    hi SR nifty 6070...

    ReplyDelete
  31. UnknownJanuary 29, 2013 at 1:29 PM

    long hold or exit..

    ReplyDelete
  32. UnknownJanuary 29, 2013 at 1:31 PM

    SL triggered for Nifty longs, Book Profits near 6079

    ReplyDelete
  33. UnknownJanuary 29, 2013 at 1:54 PM

    hi SR,

    nifty back to 6070, what should be the level at 2 pm for nifty to be strong.

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 1:56 PM

      Hi tarun, Nifty would be strong above 6088

      Delete
    2. UnknownJanuary 29, 2013 at 2:13 PM

      booked some in short stuff
      does it look nifty may fall post expiry

      Delete
  34. sbrjJanuary 29, 2013 at 1:55 PM

    may i buy nifty calls in cmp?

    ReplyDelete
  35. UnknownJanuary 29, 2013 at 2:21 PM

    Hi Sunil, BHEL stop loss hit? still hold?

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 3:15 PM

      If possible, hold it till tomorrow, we should likely get a bounce to exit.

      Delete
    2. UnknownJanuary 29, 2013 at 3:26 PM

      Ok.. I am holding till tomorrow..feb future is trading below the spot price almost 2.50 rupees difference..what it indicates?

      Delete
  36. ParitoshJanuary 29, 2013 at 2:42 PM

    Sunil, I shorted 6000PE @10.6, what shall be SL (spot)

    ReplyDelete
  37. Mahender Reddy PulakandlaJanuary 29, 2013 at 3:01 PM

    Hello Sunil,

    Is it buy on dips on NIFTY or "No Trade Zone"?
    Please share your thoughts

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 3:18 PM

      Hi Mahy, Its still buy on dips till we break below 6010. 6046-48 level if held, can bounce back tomorrow.

      Delete
    2. Mahender Reddy PulakandlaJanuary 29, 2013 at 3:50 PM

      Thank you Sunil.

      Have a nice evening.

      Delete
    3. UnknownJanuary 29, 2013 at 8:04 PM

      Hi Mahy, Most Welcome. Have a great evening you too.

      Delete
  38. UnknownJanuary 29, 2013 at 3:20 PM

    hi SR,

    how are the trailing stop loss levels calculated ?
    thanks

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 8:07 PM

      Hi Tarun, There are different ways of trailing SL to lock in profits. AutoChannels calculates all levels based on volatility factors.

      Delete
  39. sbrjJanuary 29, 2013 at 3:40 PM

    Sirji, bought nifty feb 6300 calls before close bt call prices fell drastically. is it indicating any danger to market? any chance to 6150 in feb mnth?
    many thanks.

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 8:11 PM

      Hi sbrj, Today Nifty failed to sustain a breakout. But is still holding onto support levels. We may likely see a bounce from here. Exit tomorrow on rise.

      Delete
  40. UnknownJanuary 29, 2013 at 7:36 PM

    Sir can we buy sbi feb future or reliance feb future

    ReplyDelete
    Replies
    1. UnknownJanuary 29, 2013 at 8:18 PM

      Hi Sonu, Has good support near 2448. Can enter it with a small SL below 2448. Enter Reliance only after it breaks above 909.

      Delete
  41. sdkbestJanuary 29, 2013 at 8:29 PM

    Hi SR
    Your view on HDFC, please

    ReplyDelete
  42. UnknownJanuary 30, 2013 at 12:02 AM

    Hi SR, How much bounce can we expect tomorrow to exit calls?

    ReplyDelete

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