Nifty Trades for 01/02/2013

Feb 1, 2013 8:30 AM
65 Comments
01/02/2013 09:00  Trend: Negative, SL: 6051
01/02/2013 09:40  SL Triggered, Trend: Positive, SL: 6027
01/02/2013 12:35  SL Triggered, Trend: Negative, 6051
01/02/2013 12:40  SL Trailed: 6039
01/02/2013 12:55  SL Trailed: 6033
01/02/2013 13:30  Jackpot Sell @ 6027, Target: 5985-82, SL: 6033
01/02/2013 14:45  SL Trailed: 6022. Jackpot Sell cancelled.


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  1. Mahender Reddy PulakandlaFebruary 1, 2013 at 9:02 AM

    Good Morning Sunil.

    I see yesterday breach of major support 6045.
    What are the levels to watch out on NIFTY to long and short? please share your thoughts

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 9:07 AM

      Good Morning Mahy, Major support for Nifty near 6017-20. If broken today, we may change our view to short term bearish

      Delete
    2. Mahender Reddy PulakandlaFebruary 1, 2013 at 9:09 AM

      My Client is here, so unable to follow the market on regular basis.
      Thank you Sunil for the update.

      Have a nice/happy trading day.

      Delete
    3. UnknownFebruary 1, 2013 at 9:10 AM

      Thanks and have a nice day you too.

      Delete
    4. Mahender Reddy PulakandlaFebruary 1, 2013 at 9:25 AM

      Booked profits on TITAN @284 (ROI:6%)

      Delete
    5. UnknownFebruary 1, 2013 at 9:31 AM

      Nice.

      Delete
  2. UnknownFebruary 1, 2013 at 9:31 AM

    Good Morning Shashi

    ReplyDelete
  3. UnknownFebruary 1, 2013 at 9:35 AM

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

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 9:38 AM

      Hi Krishna, Good Morning. Lets see. Breaking above 5051-52 will give Nifty some positive momentum.

      Delete
    2. UnknownFebruary 1, 2013 at 9:48 AM

      Nifty likely to break 5051-52, then Nifty Fut can be entered, tgt/sl pl.

      Delete
    3. UnknownFebruary 1, 2013 at 9:56 AM

      Wait for confirmation of momentum.

      Delete
  4. UnknownFebruary 1, 2013 at 9:42 AM

    Sir can we add 6300 calls once nifty breaks up above 5052 .

    ReplyDelete
  5. UnknownFebruary 1, 2013 at 10:35 AM

    Dear SR,
    What is ur view on relinfra intraday.

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:17 PM

      Hi Sundaresh, Sorry for the late reply. Is overall weak below 517, Resistance: 523, Support: 504

      Delete
  6. UnknownFebruary 1, 2013 at 11:10 AM

    Hi Sunil, Goodmorning.. Bank Nifty Feb Fut shorted @12749..How is the technical..will it reach 12700...

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:18 PM

      Good Afternoon Rohit. Sorry could not reply earlier. Hope you booked good profits.

      Delete
    2. UnknownFebruary 1, 2013 at 3:15 PM

      Yes.. I booked the profit...Positionally can I short Bank Nifty?

      Delete
  7. sbrjFebruary 1, 2013 at 11:14 AM

    Good morning guruji
    how is ifci and suzlon for 15 days hold?

    ReplyDelete
  8. sbrjFebruary 1, 2013 at 12:07 PM

    bhel suddenly dropped to -4.0%
    lucky me.
    got saved again

    ReplyDelete
  9. tarunFebruary 1, 2013 at 12:16 PM

    hi SR,

    does nifty look to go to down side today ??

    ReplyDelete
  10. subinFebruary 1, 2013 at 1:16 PM

    Hi SR can i take long short position in bhel for feb series?

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:24 PM

      Hi subin, Wait for a few days, Can short once it gives a close below 220.

      Delete
  11. sbrjFebruary 1, 2013 at 1:45 PM

    seems sunil ji is facing network problems.
    many are waiting for you guruji.
    where do market move in second half,recovered well

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:25 PM

      Thanks sbrj, Nifty has broken major support, likely to be weak.

      Delete
  12. UnknownFebruary 1, 2013 at 2:00 PM

    Sorry facing power failure, Just came back online...

    Nifty has broken major support of 6020. Hedge all long positions. Overall short term trend bearish below 6096. Nifty may likely test 5915

    ReplyDelete
  13. UnknownFebruary 1, 2013 at 2:04 PM

    Jackpot Nifty Swing:

    Short Nifty on bounce near 6027, SL: 6033, Target: 5985-82

    ReplyDelete
  14. UnknownFebruary 1, 2013 at 2:11 PM

    Hello sir, whether the bounce is expected in today or Monday?

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:14 PM

      We will sell only on rise as this is a correction. So SL needs to be followed strictly. To minimise losses, we will keep our entry very close to SL.

      Delete
    2. UnknownFebruary 1, 2013 at 2:26 PM

      Thanks, will be waiting for that....

      Delete
  15. MaheshFebruary 1, 2013 at 2:27 PM

    Hai Sunil Ji.. Good Afternoon...
    go with Nifty 5900 pe ?

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:35 PM

      Hi Mahesh, Good Afternoon. Can enter PE on bounce.

      Delete
  16. sHasHiFebruary 1, 2013 at 2:32 PM

    Sir,
    Ur views on Axis bank?
    Holding FEB 1400PE @ 12.5

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:36 PM

      Hi shashi, Exit PE on any dips. Go short on axis only below 1468.

      Delete
    2. sHasHiFebruary 1, 2013 at 2:37 PM

      OK
      Thank u Sir..

      Delete
  17. Hamdan HarrisFebruary 1, 2013 at 2:34 PM

    hi Sunilji
    is 6062 could be the level of sell in futures? so can i keep 6068 as SL? pls advise

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:37 PM

      Hi chippa, Cannot be sure of that. Futures premiums vary as per market sentiments.

      Delete
    2. Hamdan HarrisFebruary 1, 2013 at 2:40 PM

      ok sir..so i will palce my order only when spot reaches that price..

      Delete
  18. UnknownFebruary 1, 2013 at 2:49 PM

    Sir I bought 7 lots of 5900 PUT @ 33.85 , shall I carry for Monday or close the position today cost to cost .

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 2:56 PM

      Hi Sonu, Book part profits near 5985-82 or near closing today.

      Delete
  19. UnknownFebruary 1, 2013 at 2:53 PM

    Jackpot short call cancelled as SL trailed below entry level.

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 3:02 PM

      Means exit from short now?

      Delete
    2. UnknownFebruary 1, 2013 at 3:11 PM

      If already entered, book profits near target. Entry was not triggered near 6027

      Delete
    3. UnknownFebruary 1, 2013 at 3:11 PM

      ok..
      Can we expect 5950 from here?

      Delete
    4. UnknownFebruary 1, 2013 at 3:17 PM

      Below 5976, next major support only at 5915

      Delete
    5. UnknownFebruary 1, 2013 at 3:19 PM

      ok SR, TATA Steel is moving in a range from 411 to 400. Do you expect any bounce from here in tata steel?

      Delete
    6. UnknownFebruary 1, 2013 at 3:26 PM

      Overall looks weak below 414, It if breaks below 398, will head down to 391, 383

      Delete
  20. sbrjFebruary 1, 2013 at 3:09 PM

    your target achieved in jackpot short call.
    no need to cancell guruji

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 3:12 PM

      Hi sbrj, yes book profits if holding shorts. I cancelled the call because 6027 was not triggered. So fresh positions need not be entered at 6027.

      Delete
  21. sbrjFebruary 1, 2013 at 3:21 PM

    ok sirji.i didnot enter because we did not get entry level 6025.
    can i buy and hold feb 6100 calls?
    many thanks for your guidance.

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 3:23 PM

      Don't buy any calls till Nifty breaks above 6085. Below 6020, Nifty is in a phase of correction and may see 5915 in coming days.

      Delete
  22. UnknownFebruary 1, 2013 at 3:25 PM

    TATA Steel is moving in a range from 411 to 400. Do you expect any bounce from here in tata steel?

    ReplyDelete
    Replies
    1. UnknownFebruary 1, 2013 at 3:27 PM

      Already replied above.

      Delete
    2. UnknownFebruary 1, 2013 at 3:29 PM

      but it is not breaking 398. It always give a bounce from here. Do you expect any break down below 398?

      Delete
    3. UnknownFebruary 1, 2013 at 3:36 PM

      Break is quite possible as trend is negative and it has been testing support multiple times but failing to even test the resistance of 414. Can go short on it on rise with Sl above 414.

      Delete
    4. UnknownFebruary 1, 2013 at 3:38 PM

      Many thanks SR...

      Delete
  23. sbrjFebruary 1, 2013 at 7:13 PM

    thanks for suggestion sirji.
    can you please advice two good stock futures good to buy in every dip?

    ReplyDelete
  24. UnknownFebruary 3, 2013 at 4:21 PM

    Sir I am holding 7 lots of 5900 puts (bought @ 34 each) . As dow has closed around 140 up . We may open higher may be above 6022 or cross 6022 tomorrow . So if we cross 6022 , shall I buy bank nifty future or nifty future to hedge my 7lots of 5900 puts.

    ReplyDelete
  25. UnknownFebruary 3, 2013 at 4:29 PM

    Sir I am holding 7 lots of 5900 put (bought @ 34 each) . Looking at Dow closing around 140 up . Shall I buy nifty future or bank nifty future to hedge my puts , if nifty opens or crosses higher than 6022 .

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 9:03 AM

      Hi Sonu. Buying Options have limited risk. As such, one cannot hedge them. As of now, Nifty may see a pullback, but DONT go long. Sell again on rise.

      Delete
  26. UnknownFebruary 4, 2013 at 9:04 AM

    Ok Sir Thanks .

    ReplyDelete

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