Nifty Trades for 05/02/2013

Feb 5, 2013 9:00 AM
53 Comments
05/02/2013 09:00  Trend: Negative, SL: 6011
05/02/2013 09:40  SL Trailed: 5984
05/02/2013 09:50  SL Trailed: 5982
05/02/2013 12:25  SL Trailed: 5974


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  1. Mahender Reddy PulakandlaFebruary 5, 2013 at 9:11 AM

    Good Morning Sunil.

    Buy PE's on rise or open?
    Please share your thoughts.

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:14 AM

      Hi Mahy, Good Morning. Never short on gap-down. Sell only on rise. We may see a short covering rally today.

      Delete
    2. Mahender Reddy PulakandlaFebruary 5, 2013 at 9:14 AM

      Thank you for the info Sunil.

      Delete
    3. UnknownFebruary 5, 2013 at 9:21 AM

      Most Welcome.

      Delete
    4. Mahender Reddy PulakandlaFebruary 5, 2013 at 9:24 AM

      Booked Profits in SBIN Intraday (entry@2339.5 and close@2354)

      Delete
    5. UnknownFebruary 5, 2013 at 9:32 AM

      :)

      Delete
  2. sHasHiFebruary 5, 2013 at 9:14 AM

    Good Morning Sir,
    Holding Relinfra 520 CE
    Will there be a pull back or shall I sell the same in loss

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:22 AM

      Good Morning Shashi, Exit today near close. Expecting a short covering rally today.

      Delete
    2. sHasHiFebruary 5, 2013 at 9:25 AM

      Thank you Sir, Will follow that..

      Delete
    3. UnknownFebruary 5, 2013 at 9:32 AM

      Most Welcome.

      Delete
  3. rameshbFebruary 5, 2013 at 9:22 AM

    can we enter a call now or wait?

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:32 AM

      Hi ramesh, Not advisable to enter call as of now. We will sell on rise.

      Delete
    2. rameshbFebruary 5, 2013 at 9:39 AM

      OK THANKS SIR.

      Delete
  4. UnknownFebruary 5, 2013 at 9:29 AM

    Hi SR, Good morning
    Can Nifty touch 6000 level for short covering rally today?

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:35 AM

      Hi Krishna, Good Morning. Not sure of 6000 as yet. As of now Nifty has held onto the support of 5959-62.

      Delete
    2. UnknownFebruary 5, 2013 at 9:38 AM

      Thanks, whats the next support level of Nifty?

      Delete
    3. UnknownFebruary 5, 2013 at 9:42 AM

      Most Welcome. 5931, 5914

      Delete
  5. UnknownFebruary 5, 2013 at 9:33 AM

    Good morning sunilji

    At what level again we can buy nifty puts?

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:40 AM

      Good Morning Neelima, If Nifty hold 5959-62 levels, we may enter puts near 6004

      Delete
  6. Mahender Reddy PulakandlaFebruary 5, 2013 at 9:37 AM

    Sunil,

    Generic Question: Can you please suggest some value picks for mid to long term?

    Thanks
    Mahy

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:45 AM

      Hi Mahy, Can go with SBIN, Axis Bank, HUL, Tata Motors on dips.

      Delete
    2. Mahender Reddy PulakandlaFebruary 5, 2013 at 9:48 AM

      Already accumulating TataMotors.
      Will do the same for others when cash is in hand.

      Thank you.

      Delete
    3. UnknownFebruary 5, 2013 at 9:54 AM

      Most Welcome. Also add some Goldbees in your portfolio.

      Delete
    4. Mahender Reddy PulakandlaFebruary 5, 2013 at 10:23 AM

      Sure Sunil.

      Delete
  7. UnknownFebruary 5, 2013 at 9:40 AM

    Sir GM,
    Holding puts in relinfra & bharti - any expected levels.

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:50 AM

      Hi Sundaresh, GM. Bharti has major support near 327. Below it can see 322. Relinfra can see 504.

      Delete
  8. UnknownFebruary 5, 2013 at 9:52 AM

    For Technical view on Nifty: Click Here

    ReplyDelete
  9. sHasHiFebruary 5, 2013 at 10:13 AM

    Sir,
    Seems Axis bank has broken its support of 1468.
    Your views please..

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 10:18 AM

      hi Shashi, Wait till 11am for confirmation.

      Delete
    2. sHasHiFebruary 5, 2013 at 10:22 AM

      Sure Sir..

      Delete
    3. sHasHiFebruary 5, 2013 at 11:45 AM

      Sir,
      Any updates on the same?

      Delete
    4. UnknownFebruary 5, 2013 at 7:40 PM

      Hi shashi, sorry for the late reply. Axisbank has breached support and may head lower towards 1418-1410 levels.

      Delete
    5. sHasHiFebruary 5, 2013 at 10:07 PM

      No issues at all Sir and thank you.
      I am still holding the 1400 PE, what SL to be maintained for the same.

      Delete
    6. UnknownFebruary 6, 2013 at 8:42 AM

      For positional basis, keep a SL above 1484.

      Delete
  10. tarunFebruary 5, 2013 at 10:49 AM

    hi SR,
    GM
    what lvl for 11 am closing ?
    thanks

    ReplyDelete
    Replies
    1. tarunFebruary 5, 2013 at 12:01 PM

      seems, electricity issues @ SR.

      nifty at 5956.50 at 12 closing, lets see, where nifty closes at in the next 5 min.

      Delete
    2. tarunFebruary 5, 2013 at 12:09 PM

      i think, at 5958.50... now below 5956 :)

      Delete
    3. tarunFebruary 5, 2013 at 1:07 PM

      i think, nifty was below 5960-62 at 1 pm closing

      Delete
    4. UnknownFebruary 5, 2013 at 7:32 PM

      Hi tarun, sorry for late reply, Enter long only after nifty breaks above 5974.

      Delete
  11. UnknownFebruary 5, 2013 at 11:57 AM

    hi sr... what level can we expect on tatasteel.

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 7:38 PM

      Hi Vibhor, Sorry for the late reply. Nifty as well as quite a few large caps may see a small bounce tomorrow.

      Delete
  12. UnknownFebruary 5, 2013 at 12:01 PM

    it is giving a bounce today

    ReplyDelete
  13. sbrjFebruary 5, 2013 at 1:13 PM

    Hi sirji
    where do you see nifty by close?
    can i buy nifty fut for minor bounce to 6000
    many thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 7:30 PM

      Hi sbrj, Buy fut after nifty breaks above 5974.

      Delete
  14. sbrjFebruary 5, 2013 at 2:09 PM

    Which one to buy? call or put

    ReplyDelete
  15. UnknownFebruary 5, 2013 at 7:28 PM

    Sorry guys, some issues with my PC. Finally set right now....

    ReplyDelete
  16. MaheshFebruary 5, 2013 at 7:41 PM

    Hai Sunil Ji... Good Evening...
    Your view on ICICI.. may i enter its pe for February Series... please suggest the levels...

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2013 at 9:13 PM

      Good Evening Mahesh, Strong support at 1158. May enter PE once it breaks below it.

      Delete
  17. UnknownFebruary 5, 2013 at 9:57 PM

    Sir if nifty crosses 5974 on upside , can we buy 6200 calls .

    ReplyDelete
    Replies
    1. UnknownFebruary 6, 2013 at 8:39 AM

      Hi Sonu, Avoid buying calls for positional basis. Can play for intraday gains.

      Delete

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