Nifty Trades for 31/01/2013

42 Comments
31/01/2013 09:00  Trend: Negative, SL: 6073
31/01/2013 13:10  SL Trailed: 6067
31/01/2013 13:20  SL Trailed: 6062
31/01/2013 13:55  SL Trailed: 6061
31/01/2013 14:25  SL Trailed: 6060
31/01/2013 14:40  SL Trailed: 6052
31/01/2013 14:55  SL Trailed: 6051


  1. Good morning Sunil Sir..
    Your views on Nifty for the day please..

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    Replies
    1. Good Morning Shashi, Nifty has opened near support levels. If Nifty holds it, can see some short covering today.

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  2. Good Morning Bro... Can JAN6100CE be entered at near 6050?? I have a risk appetite today as I dont have positions. We saw a strong support at 6046 yesterday, hope it will be held today as well... short covering can trigger a breakout.. your thoughts...

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    Replies
    1. Hi Paritosh, We still have strong support neat 6046 and Nifty opened at support and is positive since then. If support sustained till 10am then one may go long with strict sl below 6046. But not sure of entering 6100CE of Jan as of now.

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  3. good morning sir..bhel can move to 230 today itself?

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  4. OK Sunil, I get your point, its 10 AM and nifty is still holding 6046, which option do you suggest for good risk-reward ratio...?

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    Replies
    1. Hi Paritosh, yes, sustained. Least risk in 6100CE Jan. May exit on rise.

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  5. hi sunil, ur views on USD/INR ?

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  6. Good morning Sunil.

    What could be the good strategy to play with ICICIBANK on its results day?

    Please share your thoughts

    Thanks
    Mahy

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    Replies
    1. Good Morning Mahy, Can enter near 1202 with strict SL below 1196

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  7. hi SR...your view on reliance can enter a feb ce at cmp..?

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  8. HI SUNIL,
    WHERE DO U THINK NIFTY WILL EXPIRE TODAY?

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    Replies
    1. Hi pradip, Not sure as yet. If Nifty holds support of 6045-46, then we may bounce back to 6069, 6092 levels else we may see lower levels of 6022

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  9. Sir Good Morning, can sbi be entered?

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    Replies
    1. Good Afternoon arjun, Avoid making fresh entries in it.

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  10. Sir I am holding 2 lots of 6300 FEB call (@ 30 each) , can I buy 4 more lots now @ around 18 .

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    Replies
    1. Hi Sonu, Don't add more till Nifty breaks above 6073

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  11. goodafternoon sirji
    bhel is blast,unfortunately sold it near 224
    may i buy in cmp again?
    many thanks

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  12. Guruji,i bought bhel jan 230ce 3000 quant.any chance to cross 230 today?many thannks

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  13. if moved above resistance 228.5 what is next target

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  14. sunilji,

    is there any share in the range of 200-300 and which can give a good return for 2-3 months time? if so entry price and target pls

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  15. bhel borked resistance 228.50
    next target please
    thanks

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  16. Replies
    1. Sir,
      Holding BHEL 200PE of Feb series at 1.8
      Whats ur view please..

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    2. Hi shashi, Strong support for Bhel near 220-222 levels. Keep SL above 231 for PE.

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  17. Sir can we add 6300 FEB calls now .

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    Replies
    1. Hi Sonu, Wait till AutoChannels signals a positive trend.

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  18. how do you see gold
    can i hold for 6 months period or best to wait for correction?
    thanks sirji.

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  19. Sir Bank Nifty is already near Trend Line (support) , however Nifty is sill away from Trend Line . Please correct me if I may be wrong . And also suggest how do we trade in this scenario .

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    Replies
    1. Hi Sonu, Lets Wait a 1-2 in Feb series to see how things shape up.

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