Nifty Trades for 13/02/2013

Feb 13, 2013 9:00 AM
81 Comments
13/02/2013 09:00  Trend: Positive, SL: 5901
13/02/2013 09:35  SL Trailed: 5929
13/02/2013 10:05  SL Trailed: 5936
13/02/2013 10:15  SL Trailed: 5943
13/02/2013 14:45  SL Triggered, Trend: Negative, SL: 5956
13/02/2013 15:05  SL Trailed: 5949


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  1. UnknownFebruary 13, 2013 at 9:00 AM

    good morning SR...

    ReplyDelete
  2. UnknownFebruary 13, 2013 at 9:11 AM

    Book full profits in yesterday's call at opening.

    ReplyDelete
  3. sHasHiFebruary 13, 2013 at 9:20 AM

    Good Morning Sir..

    ReplyDelete
  4. UnknownFebruary 13, 2013 at 9:20 AM

    Hi SR, Nifty is showing a good strength ..

    ReplyDelete
    Replies
    1. UnknownFebruary 13, 2013 at 9:22 AM

      Hi Vibhor, Nifty created a doji on first 5-min bar. Strength not seen as yet.

      Delete
    2. UnknownFebruary 13, 2013 at 9:26 AM

      but nifty is trading above its opening levels...

      Delete
    3. UnknownFebruary 13, 2013 at 9:39 AM

      Hi Vibhor, yes its showing some strength now. Its was too early to comment within first 5 mins. But Nifty is near res of 5954. Lets see if it breaks above it.

      Delete
    4. UnknownFebruary 13, 2013 at 9:42 AM

      ok SR Sir.. Thanks for your guidance

      Delete
    5. UnknownFebruary 13, 2013 at 10:19 AM

      Most Welcome.

      Delete
  5. DilipFebruary 13, 2013 at 9:20 AM

    Hi Sunil,

    Could we buy some PE's at CMP.. Or is it risky.

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  6. subinFebruary 13, 2013 at 9:36 AM

    Good morning SR..ITC resistance and support level

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    Replies
    1. UnknownFebruary 13, 2013 at 9:42 AM

      Good Morning subin, ITC res near 306, Supports: 299, 292, 287

      Delete
  7. raviiFebruary 13, 2013 at 9:38 AM

    Hello Sunil,

    Can i go for SBI put?

    ReplyDelete
    Replies
    1. UnknownFebruary 13, 2013 at 9:45 AM

      Hi ravii, Avoid shorting SBI at current levels.

      Delete
  8. Mahender Reddy PulakandlaFebruary 13, 2013 at 9:40 AM

    Good Morning Sunil.

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 13, 2013 at 9:41 AM

      Awesome levels suggested by you yesterday.
      See we are there today....
      good going Sunil.

      Delete
    2. UnknownFebruary 13, 2013 at 9:46 AM

      Good Morning Mahy, Thanks :)

      Delete
  9. raviiFebruary 13, 2013 at 9:43 AM

    Hello Mahi,

    Good Morning..

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 13, 2013 at 3:49 PM

      Good Afternoon Ravi.
      Sorry, please don't mind, I didn't notice your message.

      Delete
  10. UnknownFebruary 13, 2013 at 9:45 AM

    Hi SR, above 5954,what will be the next level?

    ReplyDelete
  11. UnknownFebruary 13, 2013 at 9:47 AM

    Hi SR, Good morning

    ReplyDelete
  12. UnknownFebruary 13, 2013 at 9:56 AM

    Sir, at what level we can short Nifty?

    ReplyDelete
    Replies
    1. UnknownFebruary 13, 2013 at 9:58 AM

      Lets wait to see signs of weakness in Nifty before we short again. Nifty will likely be in the range of 5885-5977 (closing basis).

      Delete
    2. UnknownFebruary 13, 2013 at 10:09 AM

      Thanks, lets see

      Delete
  13. UnknownFebruary 13, 2013 at 10:24 AM

    Nifty is close to major resistance levels of 5977. Those holding positional longs in Nifty should exit their longs near these levels today.

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  14. UnknownFebruary 13, 2013 at 10:30 AM

    Sir I am holding 13 lots of 6100 calls @ 21.50 each . and also holding SBI 2400 call @ 42. Shall I exit at around 5975 levels all calls .

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  15. UnknownFebruary 13, 2013 at 10:32 AM

    Those holding the previous Short strangle on Nifty of 6100CE and 5700PE may switch the strangle to 6100CE and 5800PE.

    Book profits in 5700PE near 6 and short 5800PE near 16.5. Hold 6100CE without any change.

    ReplyDelete
  16. UnknownFebruary 13, 2013 at 10:47 AM

    Sir currently nifty @ 5965 , shall I exit now 6100 calls or wait for some rise upto 5975 .

    ReplyDelete
    Replies
    1. UnknownFebruary 13, 2013 at 11:01 AM

      Hi Sonu, May test 5978-81. Book profits at your discretion.

      Delete
  17. UnknownFebruary 13, 2013 at 11:32 AM

    SIR
    CAN BUY JSW STEEL NOW

    ReplyDelete
  18. UnknownFebruary 13, 2013 at 11:59 AM

    hi SR. your view on hexaware holding 90 ce...hold or to exit...?

    ReplyDelete
  19. UnknownFebruary 13, 2013 at 12:29 PM

    Sir, Nifty is getting weaker now

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    Replies
    1. UnknownFebruary 13, 2013 at 12:38 PM

      Yes, But may remain overall strong today

      Delete
    2. UnknownFebruary 13, 2013 at 12:42 PM

      --depends upon EU movement which is not strong today

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    3. UnknownFebruary 13, 2013 at 1:58 PM

      situation favours still won't like to go down, any chance to short?

      Delete
    4. UnknownFebruary 13, 2013 at 2:38 PM

      Let's wait till support of 5943 is breached.

      Delete
    5. UnknownFebruary 13, 2013 at 2:48 PM

      Thanks, but now very difficult to enter

      Delete
  20. tarunFebruary 13, 2013 at 12:32 PM

    hi SR,

    nice call on nifty.
    i was noticing futures premium has reduced a lot today and even 6000 CE has risen only 10 points for 40 points on spot
    any indication ??
    thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 13, 2013 at 12:43 PM

      Hi tarun, Thanks. Overall Nifty seems to be consolidating within 5885-5977. As such premiums may not go very high unless Nifty breaks above 5977 on closing basis.

      Delete
  21. UnknownFebruary 13, 2013 at 12:39 PM

    Hi SR, Can I short reliance capital now? It is struggling with its support 435. It gives a bounce yesterday from 434.10 and now again testing its support..

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    Replies
    1. UnknownFebruary 13, 2013 at 12:45 PM

      Hi Vibhor, Short it after it sustains below 435.

      Delete
    2. UnknownFebruary 13, 2013 at 1:07 PM

      Hi SR, kindly provide the support levels for reliance capital.. It breaks the support of 435 on 5 minutes chart and now working below it.

      Delete
    3. UnknownFebruary 13, 2013 at 1:22 PM

      Hi Vibhor, Next Support near 426.5

      Delete
  22. rameshbFebruary 13, 2013 at 1:28 PM

    GOOD AFTER NOON SIR,short 5800PE near 16.5. does it mean that we sell 5800 pe or buy 5800 pe

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    Replies
    1. UnknownFebruary 13, 2013 at 1:37 PM

      Hi ramesh, That was an update on previous short strangle made on Nifty. We had earlier shorted 6100CE and 5700PE for holding till expiry to gain the decay. We have now upgraded the strangle to 6100CE and 5800PE with a gain of 10.5 pts.

      Option Writing has risks for unlimited losses, as such, is only for traders who can follow stop losses strictly.

      Delete
    2. rameshbFebruary 13, 2013 at 1:43 PM

      yes, as a small trader i was advised by CB not to sell options. so i understand this is also a sell for short call. please correct if i am wrong and beyond my preview.

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    3. UnknownFebruary 13, 2013 at 1:50 PM

      Yes, Option writing means selling of options and should be done with strict supervision in small qty. Under proper supervision, can provide decent and sustained returns.

      Delete
    4. rameshbFebruary 13, 2013 at 2:26 PM

      THANKS SIR

      Delete
    5. UnknownFebruary 13, 2013 at 2:30 PM

      Most Welcome.

      Delete
  23. UnknownFebruary 13, 2013 at 1:37 PM

    Sir,
    your view on Relinfra & Dlf

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    Replies
    1. UnknownFebruary 13, 2013 at 1:43 PM

      Hi Sundaresh, Relinfra looks weak below 491, can be shorted with sl above 497 for target of 472. DLF has support near 263-65, Can short if it breaks below it. Go long only above 276.

      Delete
  24. UnknownFebruary 13, 2013 at 2:09 PM

    Hi SR thanks for your advice.. Shorted Reliace capital future 2 lots@ 437 and booked at 432.. Great call SR.. Thanks a ton.... A decent profit within half an hour.. Thanks again

    ReplyDelete
    Replies
    1. UnknownFebruary 13, 2013 at 2:33 PM

      Hi Vibhor, Most Welcome. Hits support at 426. Nice to know about your profits :)

      Delete
    2. UnknownFebruary 13, 2013 at 2:38 PM

      Thanks.. Your autochannel gives good levels... Kindly confirm when to buy it for 1 month.. Because it is almost oversold.. it is in correction mode from 507 levels..

      Delete
    3. UnknownFebruary 13, 2013 at 3:17 PM

      Most Welcome. It will take some time to come to buy mode as of now.

      Delete
  25. tarunFebruary 13, 2013 at 3:02 PM

    hi SR,

    shorted nifty at 5945 - fut.. how much weak nifty looks now. is testing 5885-90 possible by tomorrow.

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    Replies
    1. UnknownFebruary 13, 2013 at 3:20 PM

      Hold it with trailing SL as per AutoChannels. Possible downside targets would be 5909-06.

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    2. tarunFebruary 13, 2013 at 3:24 PM

      okss SR
      would hold till tomorrow.
      thanks

      Delete
    3. UnknownFebruary 13, 2013 at 3:37 PM

      Most Welcome.

      Delete
  26. raviiFebruary 13, 2013 at 4:00 PM

    Hello Sunil,

    Any view on SBI tomorrow..since long i am holding calls.

    I guess today's dip is news based (KFA)

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 13, 2013 at 4:20 PM

      Hey Ravi,

      SBI Quarterly Results tommorrow :
      http://www.moneycontrol.com/india/stockpricequote/bankspublicsector/statebankindia/SBI

      Delete
    2. raviiFebruary 13, 2013 at 4:38 PM

      Hello Mahi,

      How are you !!

      Thanks for the update..Let me cross my fingers :)

      Delete
    3. Mahender Reddy PulakandlaFebruary 13, 2013 at 4:43 PM

      I'm doing fine, thank you.
      How r u doing?

      at Results time ... stocks will be volatile.

      And with these PSU Banks, most of the time results will not be favorable.

      Wish you good luck on SBI.

      I'm taking a break on trading for a while. :)
      Will be back soon.

      Delete
    4. UnknownFebruary 13, 2013 at 5:43 PM

      Hi ravii, SBI has major support at 2240. It can bounce or break from this level depending on results tomorrow. If it breaks below 2240, exit all calls in it as it will enter into mid-term downtrend.

      Hi Mahy, Thanks for the link. Enjoy your break :)

      Delete
    5. raviiFebruary 14, 2013 at 8:44 AM

      Hello Mahi,

      Thanks for the update.

      Delete
    6. raviiFebruary 14, 2013 at 8:45 AM

      Hello Sunil,

      Thank you ..i ll exit all my calls if its break 2240..

      Delete
  27. UnknownFebruary 13, 2013 at 5:35 PM

    Sir can we short MARCH 5800 PUT and MARCH 6100 CALL .

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    Replies
    1. UnknownFebruary 13, 2013 at 5:45 PM

      Hi Sonu, No, Go with Feb as of now. March options will not decay much as yet.

      Delete
  28. UnknownFebruary 13, 2013 at 7:26 PM

    Sir can we short Bank Nifty FEB 12500 PUT @ 224 and Bank Nifty FEB 12500 CALL @ 124 .

    ReplyDelete
    Replies
    1. UnknownFebruary 13, 2013 at 8:28 PM

      Hi Sonu, We short only OTM options which are likely to expire worthless during range bound phases. Don't short options randomly as option writing has potential risk of unlimited losses.

      Delete

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