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?
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
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.
Hi Sunil.. Very good morning..
ReplyDeleteDoes that break our support level of 5880.. or should it show up on 5 min chart
Hi Dilip, Good Morning. Not yet, Will wait for hourly closing at least.
DeleteOkie.. Thanks Sunil.. Hv a great day ahead..
DeleteMost Welcome. Thanks and have a great day you too. :)
DeleteGood Morning Sir.
ReplyDeleteGood Morning shashi
DeleteGood Morning Sir .
ReplyDeleteGood Morning Sonu.
DeleteHi SR, Good morning
ReplyDeleteWelcome to All for the occasion of Saraswati Puja, The Goddess of Knowledge
Good Morning Krishna, Thanks
DeleteSir,
ReplyDeleteYour view on DLF & Rel infra intra.
Hi Sundaresh, DLF has major support at 245. May see some bounce. Relinfra looks weak below 476, support 459, res 482
DeleteSir, how do you see Nifty today?
ReplyDeleteNot sure as yet. But likely to see recovery if day low is not broken.
DeleteHi sunilji! Good morning.
ReplyDeleteGood Morning Karthik
DeleteSir,
ReplyDeleteThanks.
Hi Sundaresh, Most Welcome.
DeleteSir holding 23 lots of 6100 calls (@ 16 each) , shall I exit 50% or exit all .
ReplyDeleteExit 50% for now.
DeleteGood morning Sunil/Readers.
ReplyDeleteGood Morning Mahy
DeleteSir,
ReplyDeleteCan I buy 6000 CE in small qty?
What should be the SL?
Hi shashi, NO
DeleteOK
ReplyDeleteThank you Sir..
Most Welcome.
DeleteHello Sunil,
ReplyDeleteGood morning..
Can i go for RIL call..as its @day low 840-842
Good Morning ravii, Never try to catch a falling knife.
DeleteThank you Sunil..I ll wait for the opportunity.
DeleteNow i knew the pain if i catch the falling knife..i learnt from SBI calls..:):)
DeleteThank you !!!
What abt Tata Motors..
Sir,
ReplyDeleteYour view on LT.
Strong Support near 1436.
DeleteHai Sunil Ji.. Good Morning...
ReplyDeleteNifty Levels please...
Good Morning Mahesh, Next major support near 5839-40
DeleteHey 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?
ReplyDeleteGM Paritosh, Would advise to exit 50% as of now.
DeleteGood morning sirji. got stuck in nifty calls. what to do? suggest strict sl please.
ReplyDeleteHi sbrj, exit 50% for now.
DeleteSunil,
ReplyDeleteWhat 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
Hi Mahy, Will let you know later in the evening.
DeleteNot a problem Sunil.
DeleteWill wait. :)
Those holding Short strangle in Nifty of 6000CE and 5800PE may exit it near 18.5 and 31 respectively.
ReplyDeleteok sirji, do you see further slide in nifty to 5800?
ReplyDeleteHi sbrj, Nifty is looking weak below 5885 and can move down to 5839-40 levels.
Deletehi SR
ReplyDeletenifty can be shorted at 5872-75
thanks
Hi Tarun, Can be shorted on rise with SL as per Autochannels. Can test 5842-39
Deletehi covered nifty on time with profits
DeleteSo sluggish movement of Nifty Fut,changes 5-6 points for the last one & half hour
ReplyDeletehmmm....
DeleteNo clear picture of Nifty as yet
Deletenifty fut below 5880 for last approx 2 hrs.
Deletei think, if nifty remains below 5895 or 5880 at 12, it may give some negative push
Picture is its still weak and trading below major support of 5885. If closes below 5885 today, can head ahead to 5794, 5702 ahead.
DeleteImmediate downside target 5842-39
yes, quite true tarun.
DeleteSirji,5700 put has high OI,this mean people are expecting 5700 in this very month?please clarify
ReplyDeleteHi sbrj, Wait till end of day to make confirmations.
DeleteAt which level Nifty can be shorted?
ReplyDeleteIs oversold, but is still sell on rise with SL as per autochannels.
DeleteSir can we start accumulating Nifty 5500 or 5600 March PUTs.
ReplyDeleteHi 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
DeleteNever try to catch a falling knife.. Sunil Sir, your comments are crystal clear. too Good. thanks for your support,
ReplyDeleterameshb
sirji, sold 50% of calls and market started recovering.
ReplyDeleteshould i buy back those sold calls in cmp?
many thanks
Hi sbrj, No. Wait till monday to buy fresh calls.
DeleteHai SR Sir, Holding 5900 pe at 5975 levels.. exit or hold as positional ?
ReplyDeleteHi mahesh, exit it for now. seems Nifty may close above 5885 today.
DeleteHi SR, it seems that Nifty gives a good breakout ...
ReplyDeleteHi Vibhor, Yes, Seems support levels would be held on closing basis.
DeleteI 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?
DeleteNifty is consolidating above the support level from last 45 minutes.. Last 9 candles are above 5985 on five minute charts..
DeleteNext resistance near 5920
Deleteok SR.. Nifty again comes down...:(
DeleteGoodAfternoon Sir can i go short on icicibank?
ReplyDeleteGood Afternoon arjun, Wait till monday for initiating fresh shorts.
DeleteSir,
ReplyDeleteBought 6000 CE of Feb,
Shall I clear the holding before EOD or carry forward till monday?
Hi shashi, If in profits, book for now. We may enter fresh trades on Monday seeing today's close.
DeleteIn small loss, will close the position.
ReplyDeleteThank you..
Most Welcome,
DeleteLets hope closing is above 5885
ReplyDeleteYes!!!!!!!! 5887
Deleteyes... Now can we expect a bounce?
DeleteYes, its quite possible now.
DeleteTechnically, 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.
ReplyDeleteok SR, thanks.. have a great day...:)
DeleteMost welcome Vibhor. Thanks and have a great weekend you too.
DeleteDear Sir,
ReplyDeleteThanks for all the support extended to us. Wishing you a happy weekend.
Most Welcome and Thanks and Wish you the same.
DeleteUpdate posted on Technical View on Nifty as on 04/02/2013
ReplyDeleteThanks for the update Sunil
DeleteMost welcome Mahy.
DeleteHappy Weekend Sunil/All.
ReplyDeleteThanks and wish you the same.
Delete