Nifty Trades for 04/02/2013

Feb 4, 2013 9:00 AM
77 Comments
04/02/2013 09:00  Trend: Negative, SL: 6022
04/02/2013 09:20  SL Triggered, Trend: Positive, SL: 6012
04/02/2013 13:15  SL Triggered, Trend: Negative, SL: 6030
04/02/2013 13:40  Sell @ 6017, Target: 5981-78, SL: 6030
04/02/2013 14:25  SL Trailed: 6019
04/02/2013 14:40  SL Trailed: 6011


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  1. MaheshFebruary 4, 2013 at 9:09 AM

    Hai Sunil Ji.. Good Morning..

    ReplyDelete
  2. sHasHiFebruary 4, 2013 at 9:15 AM

    Good Morning Sir ..

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 9:20 AM

      Good Morning Shashi.

      Delete
    2. sHasHiFebruary 4, 2013 at 9:24 AM

      Sir,
      Can you please share your views on Axis Bank for today..

      Delete
    3. UnknownFebruary 4, 2013 at 9:32 AM

      Looks strong above 1501. Has resistance near 1517. Above which can see 1541

      Delete
    4. sHasHiFebruary 4, 2013 at 9:33 AM

      Ok
      Thank you sir..

      Delete
  3. Mahender Reddy PulakandlaFebruary 4, 2013 at 9:16 AM

    Good morning Sunil,

    Holding NIFTY LONG call and LONG PUT.
    Any advise ?

    Please share your thoughts.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 9:23 AM

      Hi Mahy, Nifty has gone into a corrective phase. If we see some short covering either today or tomorrow, exit all long calls. Hold puts for now. Will be posting my tech view on Nifty later in the evening.

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

      Sunil,

      Levels for SBI intraday please?

      Delete
    3. UnknownFebruary 4, 2013 at 9:35 AM

      Overall looks weak. Nearest support 2393.

      Delete
    4. Mahender Reddy PulakandlaFebruary 4, 2013 at 9:39 AM

      oh Okay. Thank you.
      Will exit intraday long stock trades.

      Delete
    5. Mahender Reddy PulakandlaFebruary 4, 2013 at 9:50 AM

      Sunil, your view on TITAN please.

      Delete
  4. UnknownFebruary 4, 2013 at 9:33 AM

    Hi SR, Good morning
    Whether Nifty can be shorted now, whats the SL/Tgt?

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 9:38 AM

      Good Morning Krishna, Wait for now. We may see some short covering today or tomorrow. We will again sell on rise.

      Delete
    2. UnknownFebruary 4, 2013 at 10:00 AM

      Thanks, which level(6084-90?)you are expecting to initiate the short call?

      Delete
    3. UnknownFebruary 4, 2013 at 10:04 AM

      Not sure as yet. Initiate shorts the day Nifty closes near day high.

      Delete
  5. subinFebruary 4, 2013 at 9:56 AM

    Hi SR good morning..5 rs discount in future value of bhel.what indicating this?can expect huge fall in this script

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    Replies
    1. UnknownFebruary 4, 2013 at 10:06 AM

      Good Morning subin, Bhel broke below major support of 220 last friday but managed to close above it. If it breaks below 220, can see a major fall.

      Delete
    2. subinFebruary 4, 2013 at 10:31 AM

      hi sir bhel near support level..can breach today itself?

      Delete
    3. UnknownFebruary 4, 2013 at 10:51 AM

      Not sure as yet.

      Delete
  6. Mahender Reddy PulakandlaFebruary 4, 2013 at 10:07 AM

    Please check this out : (can be a long term trading idea)
    http://www.moneycontrol.com/news/buzzing-stocks/microsoft-corporation-buys-9498-lakh-sharesrei-agro_817650.html

    do your homework before you dive in and trade in low quantity please.

    Thanks
    Mahy

    ReplyDelete
  7. Mahender Reddy PulakandlaFebruary 4, 2013 at 10:20 AM

    Sunil,

    Please share your thoughts on TITAN please.

    ReplyDelete
  8. Mahender Reddy PulakandlaFebruary 4, 2013 at 10:30 AM

    Sunil,

    How to approach "Bharti Airtel" after its bad results again.
    Please share your thoughts.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 10:44 AM

      Hi Mahy, Not sure as yet. Has good support near 324, 329

      Delete
  9. UnknownFebruary 4, 2013 at 11:13 AM

    Sir can we buy maruti 1650 call .

    ReplyDelete
  10. UnknownFebruary 4, 2013 at 1:29 PM

    Hello Sir
    I have shorted Larsen futrue. Can u pls give me its level.
    tks

    ReplyDelete
  11. UnknownFebruary 4, 2013 at 1:33 PM

    Sorry to bother u sir Can u pls give levels for Reliance future also.

    ReplyDelete
  12. UnknownFebruary 4, 2013 at 1:39 PM

    04/02/2013 13:40 Sell @ 6017, Target: 5981-78, SL: 6030

    ReplyDelete
  13. DebuFebruary 4, 2013 at 1:42 PM

    Hello SR, this is for nifty spot or future ?

    ReplyDelete
  14. UnknownFebruary 4, 2013 at 2:28 PM

    Hi SR, Good Afternoon.. TATA steel breaks support of 398..

    ReplyDelete
  15. UnknownFebruary 4, 2013 at 2:31 PM

    Sir holding 7 lots of 5900 PUT (@ 34) , shall I book profit @ 41 now .

    ReplyDelete
  16. subinFebruary 4, 2013 at 2:42 PM

    HI SR ur view on ITC..can i enter 320ce?

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 2:49 PM

      Looks good. Nearest Target: 318-319. Is at all time high above 306

      Delete
  17. tarunFebruary 4, 2013 at 2:48 PM

    hi SR,

    do you think, short-term or medium-term trend is down.
    what may be the target and what shall be the stop loss.
    thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 2:53 PM

      Hi Tarun, Short term trend is down as we broke below 6020 on friday. Mid term and long term trends are still positive. Supports near 5960, 5914

      Delete
    2. tarunFebruary 4, 2013 at 2:59 PM

      so, are there chances to test support at 5914 ??
      i missed the earlier short at 6014-17

      shall i enter shorts now, or wait for next instructions from Auto Channels

      thanks

      Delete
    3. UnknownFebruary 4, 2013 at 3:14 PM

      Hi tarun, Don't enter now as options IV have gone up. Wait for the next trade

      Delete
  18. subinFebruary 4, 2013 at 2:55 PM

    hi sir what about hdfc? pull back today..any long position..thanks

    ReplyDelete
  19. sHasHiFebruary 4, 2013 at 3:04 PM

    Sir,
    Holding Axis bank 1400PE & RElINFRA 520 CE.
    Your views please.

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 3:12 PM

      Hi shashi, Book profits in Axis PE today. Can re-enter again tomorrow if it closes below 1468. Try to exit Relinfra CE on any rise. Res: 523

      Delete
    2. sHasHiFebruary 4, 2013 at 3:15 PM

      Will do as per your guidelines sir..
      Thank you.

      Delete
  20. UnknownFebruary 4, 2013 at 3:07 PM

    Target Hit: Book Profits in shorts

    ReplyDelete
  21. tarunFebruary 4, 2013 at 3:17 PM

    SR,

    Want to know 1 thing..
    can we enter in nifty position as per the trend given by Auto Channels and also following the stop loss accordingly, even when, the call for the same is not given.
    thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 3:20 PM

      Hi Tarun, Yes, Can be entered as per AutoChannels. My trades are also given on basis of it but based on confirmation of momentum.

      Delete
  22. UnknownFebruary 4, 2013 at 3:39 PM

    Thanks Sir , I booked 20% profit in 6 lots of 5900 PUT , still holding 1 lot .

    ReplyDelete
  23. UnknownFebruary 4, 2013 at 5:35 PM

    Sir 50 DMA is @ around 5940 and trend line support is around 5900-5920. Shall we start accumulating 6100 calls , between 5900-5940 with SL of 5880 .

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 5:57 PM

      Hi Sonu, Do NOT enter any calls this Feb series. Follow the strategy of "Sell on Rise" for this month. Buy puts on any rise. Markets are likely to head lower. I will be posting my tech report on Nifty in some time.

      Delete
  24. UnknownFebruary 4, 2013 at 8:13 PM

    Sir can we buy 5700 PUTs or 5800 PUTs tomorrow @ opening .

    ReplyDelete
    Replies
    1. UnknownFebruary 4, 2013 at 10:21 PM

      Hi Sonu, We may likely see a gap-down opening tomorrow. Book profits in your put at opening. We will initiate further shorts on slight bounce after confirmation with AutoChannels Charts. You may read my technical view on Nifty at http://www.autochannels.in/2013/02/technical-view-on-nifty-as-on-04022013.html

      Delete

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