Nifty Trades for 07/02/2013

Feb 7, 2013 9:00 AM
97 Comments
07/02/2013 09:00  Trend: Negative, SL: 5981
07/02/2013 12:40  SL Trailed: 5962
07/02/2013 13:00  SL Trailed: 5959
07/02/2013 13:10  SL Trailed: 5957
07/02/2013 14:35  SL Trailed: 5955


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  1. raviiFebruary 7, 2013 at 9:02 AM

    Hello SR,

    GM..Generally we ll be having pre-budget rally...can we expect this time ard ?

    ReplyDelete
  2. UnknownFebruary 7, 2013 at 9:05 AM

    Hi SR, good morning..

    ReplyDelete
  3. UnknownFebruary 7, 2013 at 9:10 AM

    we are going to open below 5948...

    ReplyDelete
  4. sbrjFebruary 7, 2013 at 9:11 AM

    Good morning sirji,
    today market recover from low?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 9:20 AM

      Good Morning, Not sure as yet. Looks weak below 5948.

      Delete
  5. UnknownFebruary 7, 2013 at 9:19 AM

    Sir can we short nifty now .

    ReplyDelete
  6. UnknownFebruary 7, 2013 at 9:29 AM

    Nifty Short strangle: Book Profits in short strangle created yesterday near 113 at cmp of 104.

    ReplyDelete
  7. sHasHiFebruary 7, 2013 at 9:30 AM

    Good Morning Sir,

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 9:32 AM

      Good Morning Shashi.

      Delete
    2. sHasHiFebruary 7, 2013 at 9:35 AM

      Sir,
      Again bought Axis bank 1400 PE
      Can you please share the levels for the same.

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

      Res: 1472, 1484, Supports: 1436, 1412. Overall looks weak below 1472, However keep a SL above 1484 in case of a recovery today.

      Delete
    4. sHasHiFebruary 7, 2013 at 9:41 AM

      OK ..
      Thank you Sir..

      Delete
    5. UnknownFebruary 7, 2013 at 9:51 AM

      Most Welcome

      Delete
  8. UnknownFebruary 7, 2013 at 9:38 AM

    Hi SR, do you see any upside from here?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 9:44 AM

      Nifty seems to be showing some recovery, but we will initiate longs only after Autochannel confirms a positive trend.

      Delete
  9. UnknownFebruary 7, 2013 at 9:38 AM

    Hi SR, Good Morning
    Gap dn, opening bar +, 5 mint high 5944, for confirmation will hv to wait 60 mint bar

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 9:48 AM

      Hi Krishna, Good Morning, 5-min bar failed as the second bar failed to sustain above 5947.05. But 15 min bar high of 5949.65 is sustained well with the next bar. Markets may likely have a positive bias today. But wait for confirmation of 60 min bar.

      Delete
    2. UnknownFebruary 7, 2013 at 9:49 AM

      Major resistance near 5977-80

      Delete
    3. UnknownFebruary 7, 2013 at 9:59 AM

      Thanks, I'm using Nirmal Bang chart which is slightly different from yours,if you dont mind from where i can get your data sources

      Delete
    4. UnknownFebruary 7, 2013 at 10:18 AM

      I'm using Google Data feed. You may check the same on Google finance.

      Delete
    5. UnknownFebruary 7, 2013 at 10:28 AM

      Thanks & will try to get

      Delete
  10. sbrjFebruary 7, 2013 at 9:50 AM

    Sirji,suggest one best stock to go long for intra day
    many thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 10:00 AM

      HDFC looks good for intraday. Can be enter on any dips for targets of 822, 832 with SL below day's low.

      Delete
  11. subinFebruary 7, 2013 at 9:58 AM

    gud mng SR..can i enter hdfc for intraday gain?ur view on it

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 10:01 AM

      Good Morning subin. Looks good. see above reply to sbrj.

      Delete
  12. Mahender Reddy PulakandlaFebruary 7, 2013 at 10:00 AM

    Good morning Sunil/Readers.

    ReplyDelete
  13. UnknownFebruary 7, 2013 at 10:04 AM

    SUNIL SIR
    I M HOLDING LNT AT 1540 IN FUTURE
    WHATS UR VIEW CAN HOLD OR BOOL LOSS

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 10:12 AM

      Hold for now with sl below 1503 on closing basis. Its near very strong supports. Can show good bounce back from current levels.

      Delete
  14. UnknownFebruary 7, 2013 at 10:05 AM

    Sir can we buy nifty 6100 calls now .

    ReplyDelete
  15. tarunFebruary 7, 2013 at 10:18 AM

    hi SR,

    if nifty moves above 5981, may i also buy bank nifty ??
    thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 10:25 AM

      Bank Nifty can be bought after it breaks and sustains above 12476

      Delete
  16. UnknownFebruary 7, 2013 at 10:34 AM

    Nifty unable to break 5981, can it be shorted keeping 5981 as SL?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 10:42 AM

      Hi Krishna, Don't go short for intraday. As per opening bar, Nifty may likely trade with positive bias today. Wait for the next opportunity.

      Delete
  17. UnknownFebruary 7, 2013 at 10:55 AM

    SUNIL SIR
    CAN I BUY SBI call 2400 for feb series ?
    IN LOST ONE MONTH TOO MUCH LOSS IN FUTURE
    SO PLEASE ADVICE ME

    ReplyDelete
  18. sbrjFebruary 7, 2013 at 11:19 AM

    Sir, can bhel be shorted again in cmp?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 11:49 AM

      Hi sbrj, Support near 207, Can go short once its broken for next target of 202.

      Delete
  19. tarunFebruary 7, 2013 at 11:24 AM

    hi sr,

    can icici bank be shorted at 1168 (fut), 1161 (spot)
    thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 11:54 AM

      Hi tarun, overall looks weak, Has support near 1147, Res: 1171, Below 1147, can test 1127.

      Delete
    2. tarunFebruary 7, 2013 at 12:22 PM

      icici bank also fell from 1165 fut price to 1159 in no time, but could not short it as i shorted nifty
      thanks :)

      Delete
    3. UnknownFebruary 7, 2013 at 12:24 PM

      Not to bother as long as you book profits. :) Most Welcome.

      Delete
  20. sbrjFebruary 7, 2013 at 11:44 AM

    Sirji
    can i buy nifty ce in this dip?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 11:55 AM

      Hi sbrj, Not yet. Better not trade than trade in haste and be sorry.

      Delete
    2. tarunFebruary 7, 2013 at 12:06 PM

      hi SR,
      where can nifty touch now ???
      short in nifty at 5973 fut

      Delete
    3. UnknownFebruary 7, 2013 at 12:12 PM

      hi tarun, Book for now. Can re-enter if day's low is broken. May expect a bounce from current levels.

      Delete
    4. tarunFebruary 7, 2013 at 12:13 PM

      thanks SR,
      booked 15 points in nifty in quick time..

      Delete
    5. UnknownFebruary 7, 2013 at 12:19 PM

      Nice. :) Most Welcome.

      Delete
  21. sbrjFebruary 7, 2013 at 12:00 PM

    very true sirji
    vl wait for conformation
    many thanks

    ReplyDelete
  22. UnknownFebruary 7, 2013 at 12:33 PM

    If the days low 5936.45 is protected, then only bounce back otherwise bearish? seems difficult to protect

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 12:37 PM

      Hi Krishna, As per opening bar, Nifty is likely to be positive intraday, till the opening low is held.

      Delete
    2. UnknownFebruary 7, 2013 at 12:47 PM

      Nifty touched opening low still to be entered long at this level or wait?

      Delete
    3. UnknownFebruary 7, 2013 at 12:51 PM

      Hi Krishna, Can enter a risk intraday trade, with strict SL just below Day's low

      Delete
    4. UnknownFebruary 7, 2013 at 12:57 PM

      Day's low taken out ...

      Delete
    5. UnknownFebruary 7, 2013 at 1:00 PM

      not entered, waiting for your call

      Delete
    6. UnknownFebruary 7, 2013 at 1:19 PM

      Can be entered now or wait for EU opening?

      Delete
    7. UnknownFebruary 7, 2013 at 1:44 PM

      No call as yet.

      Delete
  23. UnknownFebruary 7, 2013 at 12:38 PM

    Sir,
    Relinfra had bottomed out is it a good buy level

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 12:46 PM

      Hi Sundaresh, Its in Long term downtrend. Avoid it.

      Delete
    2. tarunFebruary 7, 2013 at 1:12 PM

      there is also some negative news on it today

      Delete
  24. DebuFebruary 7, 2013 at 12:50 PM

    Hi SR, Can buy bank nifty for today?

    ReplyDelete
  25. raviiFebruary 7, 2013 at 12:54 PM

    Hello SR,

    I accumulated two more nifty calls near 5937..can i expect intradya bounce atlest 5960?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 1:04 PM

      Hi Ravii, Not sure about a bounce as yet. Keep SL at 5930 for your calls.

      Delete
    2. tarunFebruary 7, 2013 at 1:14 PM

      hi debu

      i checked spot nifty chart in Zerodha terminal

      mine is NEST Trader. right click on the index and select "draw index intraday chart"

      Delete
    3. DebuFebruary 7, 2013 at 1:54 PM

      Hi Tarun, mine also NEST Trader Ver:3.10.57, but I didn't option for "draw index intraday chart"

      Delete
    4. tarunFebruary 7, 2013 at 2:43 PM

      have you added CNX nifty in the toolbar ??

      Delete
    5. DebuFebruary 7, 2013 at 2:48 PM

      Yes.. S&PCNXNIFTYINDEX

      Delete
    6. tarunFebruary 7, 2013 at 3:01 PM

      right click on it and it would show options, is it not giving
      mine is nest Ver:3.10.57.97.7

      or write a mil to zerodha to update the version

      Delete
    7. DebuFebruary 7, 2013 at 3:24 PM

      I m using same nest Ver:3.10.57.97.7. But no option like u say..

      Delete
    8. DebuFebruary 7, 2013 at 3:27 PM

      Ok now I got it. Thanks Tarun

      Delete
    9. tarunFebruary 7, 2013 at 3:30 PM

      great... watching nifty spot chart is amazing

      Delete
  26. UnknownFebruary 7, 2013 at 1:12 PM

    Hi SR, below 5930, what will be the next support for nifty?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 1:32 PM

      Hi Vibhor, Major support for Nifty in the region of 5906-5914. Likely to show some bounce from these levels.

      Delete
    2. UnknownFebruary 7, 2013 at 1:34 PM

      Sir, I am short on SBI.. so I want to know that Should i cover my short at 5906-5914(nifty) or wait for more correction in sbi?

      Delete
    3. UnknownFebruary 7, 2013 at 1:51 PM

      Hold with TSL of 2347 on SBI for now.

      Delete
  27. UnknownFebruary 7, 2013 at 1:15 PM

    SUNIL SIR
    CAN I BUY HERO MOTORS PUT OF 1700

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 1:34 PM

      Hi Pravin, Not yet, Can enter after it breaks below 1743

      Delete
  28. raviiFebruary 7, 2013 at 2:07 PM

    Hello SR,

    Nifty fut premium is increased to 21 now..from 13.

    Any bounce can we expect

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 11:52 PM

      Hi Ravii, We may likely see some bounce from near 5906-5914 levels.

      Delete
  29. ParitoshFebruary 7, 2013 at 2:43 PM

    Hi Sunil, Good Afternoon, I am holding Nifty calls in loss, should hold for tomorrow or exit on small bounce today?

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 11:55 PM

      Good Evening Paritosh, Sorry for the late reply. If possible hold it 1-2 days. May likely see a bounce from 5906-5914 levels.

      Delete
  30. sbrjFebruary 7, 2013 at 3:02 PM

    sirji, market recovering frm low can i buy some 6000 calls and hold up to next week?

    ReplyDelete
  31. UnknownFebruary 7, 2013 at 6:59 PM

    Sir , Nifty has touched Major Trend line today . Can we expect a bounce back on the upside in 3-4 days .

    ReplyDelete
    Replies
    1. UnknownFebruary 7, 2013 at 11:57 PM

      Hi Sonu, Yes, A small bounce may be expected from 5906-5914 levels.

      Delete

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