Nifty Trades for 15/02/2013

90 Comments
15/02/2013 09:00  Trend: Negative, SL: 5912
15/02/2013 10:05  SL Trailed: 5895
15/02/2013 14:00  SL Trailed: 5880
15/02/2013 14:35  SL Triggered, Trend: Positive, SL: 5867
15/02/2013 14:55  SL Trailed: 5873


  1. Hi Sunil.. Very good morning..

    Does that break our support level of 5880.. or should it show up on 5 min chart

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    Replies
    1. Hi Dilip, Good Morning. Not yet, Will wait for hourly closing at least.

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    2. Okie.. Thanks Sunil.. Hv a great day ahead..

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    3. Most Welcome. Thanks and have a great day you too. :)

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  2. Hi SR, Good morning
    Welcome to All for the occasion of Saraswati Puja, The Goddess of Knowledge

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  3. Sir,
    Your view on DLF & Rel infra intra.

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    Replies
    1. Hi Sundaresh, DLF has major support at 245. May see some bounce. Relinfra looks weak below 476, support 459, res 482

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  4. Sir, how do you see Nifty today?

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    Replies
    1. Not sure as yet. But likely to see recovery if day low is not broken.

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  5. Sir holding 23 lots of 6100 calls (@ 16 each) , shall I exit 50% or exit all .

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  6. Sir,
    Can I buy 6000 CE in small qty?
    What should be the SL?

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  7. Hello Sunil,

    Good morning..
    Can i go for RIL call..as its @day low 840-842

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    Replies
    1. Good Morning ravii, Never try to catch a falling knife.

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    2. Thank you Sunil..I ll wait for the opportunity.

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    3. Now i knew the pain if i catch the falling knife..i learnt from SBI calls..:):)

      Thank you !!!

      What abt Tata Motors..

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  8. Hai Sunil Ji.. Good Morning...
    Nifty Levels please...

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    Replies
    1. Good Morning Mahesh, Next major support near 5839-40

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  9. Hey Sunil, GM, I am still holding the calls, was not online, seems like Nifty has broken 5880, calls are in huge loss. Should I exit or do you see a chance for bounce back today or tomorrow?

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    Replies
    1. GM Paritosh, Would advise to exit 50% as of now.

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  10. Good morning sirji. got stuck in nifty calls. what to do? suggest strict sl please.

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  11. Sunil,

    What stocks do u see good to go with mid/long term view (after results so far).

    Will not buy right now.
    Will try to buy on dips in them.

    Thanks
    Mahy

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  12. Those holding Short strangle in Nifty of 6000CE and 5800PE may exit it near 18.5 and 31 respectively.

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  13. ok sirji, do you see further slide in nifty to 5800?

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    Replies
    1. Hi sbrj, Nifty is looking weak below 5885 and can move down to 5839-40 levels.

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  14. hi SR

    nifty can be shorted at 5872-75
    thanks

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    Replies
    1. Hi Tarun, Can be shorted on rise with SL as per Autochannels. Can test 5842-39

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    2. hi covered nifty on time with profits

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  15. So sluggish movement of Nifty Fut,changes 5-6 points for the last one & half hour

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    Replies
    1. No clear picture of Nifty as yet

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    2. nifty fut below 5880 for last approx 2 hrs.
      i think, if nifty remains below 5895 or 5880 at 12, it may give some negative push

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    3. Picture is its still weak and trading below major support of 5885. If closes below 5885 today, can head ahead to 5794, 5702 ahead.
      Immediate downside target 5842-39

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  16. Sirji,5700 put has high OI,this mean people are expecting 5700 in this very month?please clarify

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    Replies
    1. Hi sbrj, Wait till end of day to make confirmations.

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  17. At which level Nifty can be shorted?

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    Replies
    1. Is oversold, but is still sell on rise with SL as per autochannels.

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  18. Sir can we start accumulating Nifty 5500 or 5600 March PUTs.

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    Replies
    1. Hi Sonu, Do not plan to trade in options for long durations as volatility is quite low. Try to exit any option trade within 1-2 days

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  19. Never try to catch a falling knife.. Sunil Sir, your comments are crystal clear. too Good. thanks for your support,
    rameshb

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  20. sirji, sold 50% of calls and market started recovering.
    should i buy back those sold calls in cmp?
    many thanks

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    Replies
    1. Hi sbrj, No. Wait till monday to buy fresh calls.

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  21. Hai SR Sir, Holding 5900 pe at 5975 levels.. exit or hold as positional ?

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    Replies
    1. Hi mahesh, exit it for now. seems Nifty may close above 5885 today.

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  22. Hi SR, it seems that Nifty gives a good breakout ...

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    Replies
    1. Hi Vibhor, Yes, Seems support levels would be held on closing basis.

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    2. I think nifty don't want to go more down from here... After 13 days budget is also there... What is the resistance level for the nifty now?

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    3. Nifty is consolidating above the support level from last 45 minutes.. Last 9 candles are above 5985 on five minute charts..

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    4. ok SR.. Nifty again comes down...:(

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  23. GoodAfternoon Sir can i go short on icicibank?

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    Replies
    1. Good Afternoon arjun, Wait till monday for initiating fresh shorts.

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  24. Sir,
    Bought 6000 CE of Feb,
    Shall I clear the holding before EOD or carry forward till monday?

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    Replies
    1. Hi shashi, If in profits, book for now. We may enter fresh trades on Monday seeing today's close.

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  25. In small loss, will close the position.
    Thank you..

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  26. Technically, Nifty has not broken the range of 5885-5977 and moreover bounced from the weekly support at 5854. We may see positive move next week. Hold your longs now.

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    Replies
    1. ok SR, thanks.. have a great day...:)

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    2. Most welcome Vibhor. Thanks and have a great weekend you too.

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  27. Dear Sir,

    Thanks for all the support extended to us. Wishing you a happy weekend.

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    Replies
    1. Most Welcome and Thanks and Wish you the same.

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