Nifty Trades for 18/02/2013

Feb 18, 2013 9:00 AM
43 Comments
18/02/2013 09:00  Trend: Positive, SL: 5873
18/02/2013 10:55  SL Trailed: 5874
18/02/2013 14:10  SL Trailed: 5883
18/02/2013 14:25  SL Trailed: 5885


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  1. UnknownFebruary 18, 2013 at 9:01 AM

    Good Morning All... Having Net issues... May not be available till later in the day.

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  2. Mahender Reddy PulakandlaFebruary 18, 2013 at 10:00 AM

    Good Morning Sunil.

    Okay, Have fun.
    We'll miss you.

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    1. Mahender Reddy PulakandlaFebruary 18, 2013 at 11:02 AM

      Funny Pic :
      http://sphotos-a.ak.fbcdn.net/hphotos-ak-prn1/535818_587624687933390_480750553_n.jpg

      Delete
    2. UnknownFebruary 18, 2013 at 11:10 AM

      Good Morning Mahy.

      Delete
    3. Mahender Reddy PulakandlaFebruary 18, 2013 at 11:16 AM

      Welcome Back Sunil.
      Good to see you.

      Delete
    4. Mahender Reddy PulakandlaFebruary 18, 2013 at 11:17 AM

      VIX up by 7.5% and NIFTY in green.

      Can we short the NIFTY (buying puts)?

      Thanks
      Mahy

      Delete
    5. UnknownFebruary 18, 2013 at 11:40 AM

      Hi Mahy, Vix is likely to go up till budget. Don't go short on Nifty till 5874 is broken.

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    6. Mahender Reddy PulakandlaFebruary 18, 2013 at 11:44 AM

      Okay Sunil.

      Delete
  3. UnknownFebruary 18, 2013 at 10:55 AM

    Good Morning SR.. We will wait for you...

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  4. UnknownFebruary 18, 2013 at 10:59 AM

    Good Morning SIR , ok we will wait till then ...

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  5. UnknownFebruary 18, 2013 at 11:15 AM

    Hi SR, Your view on nifty?.. It is giving hourly closing above 5885

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    1. UnknownFebruary 18, 2013 at 11:42 AM

      Hi Vibhor, It is looking positive as of now. Can test 5920

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  6. ParitoshFebruary 18, 2013 at 11:35 AM

    hey SR, good morning... Is it safe to make fresh longs in small quantities?

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    1. UnknownFebruary 18, 2013 at 11:45 AM

      Hi Paritosh, Can be entered on dips in small qty. for target 5920, SL 5974.

      Delete
  7. sbrjFebruary 18, 2013 at 12:05 PM

    Good afternoon sirji,good to see you online.
    just now bought nifty calls.where to book profit?near 5950 or 5975?
    6000,6100,6200 calls has very high oi.what does it mean?

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    1. UnknownFebruary 18, 2013 at 12:20 PM

      Good Afternoon sbrj, Thanks. As of now next target near 5920.
      OI stands for open interest and represent the open trading positions. The more the OI, more the traders bet on that strike.

      Delete
  8. UnknownFebruary 18, 2013 at 12:09 PM

    Hi SR, what is the immediate resistance for reliance capital...?

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    Replies
    1. UnknownFebruary 18, 2013 at 12:22 PM

      Hi Vibhor, Res: 414.

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    2. UnknownFebruary 18, 2013 at 12:27 PM

      ok Sunil Sir.. Sir can we expect a pre budget rally?

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    3. UnknownFebruary 18, 2013 at 12:35 PM

      Hi Vibhor, Not sure as yet. Overall Nifty is still range bound with 5885-5977

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    4. UnknownFebruary 18, 2013 at 1:03 PM

      Hi SR, I want to share you one thing.. I am crazy about share market. It always affect my profession. I am a b.tech from computer science. That why my father wants that I should only do job in my stream. But due to share market, I always use to see it. I have interest only in this market. I don't have interest in my stream. I open my laptop in the morning and close it after 3.30pm. I always do lunch after 3.30.. I was in a job. There i always used to see the price of shares and nifty. Due to that my boss was not happy with me. So i have to resign the job. Now share market is in my blood.
      what should i do? Please suggest..

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    5. UnknownFebruary 18, 2013 at 1:26 PM

      Hi Vibhor, Financial Markets are full of risks. It is not recommended to make it a full-time career. However, if you have good experience in the markets clubbed with strong financial discipline, you can make an excellent career in the financial markets. Weigh your pros and cons and then take a firm decision.

      Delete
    6. UnknownFebruary 18, 2013 at 1:32 PM

      SR one more thing. If i want to start a business of sub-broker, then do you think it will be a profitable business?

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    7. UnknownFebruary 18, 2013 at 1:34 PM

      And if I want to start business of sub broker then is it necessary to do a job in a broker company?
      Will it be beneficial for me?

      Delete
    8. UnknownFebruary 18, 2013 at 1:37 PM

      Hi Vibhor, Sorry, No idea about the broking business. Would be better to take opinion from the guys who are already in this business.

      Delete
    9. UnknownFebruary 18, 2013 at 1:43 PM

      ok SR, thanks

      Delete
  9. UnknownFebruary 18, 2013 at 12:59 PM

    Sir I am holding remaining 50% i.e. 10 lots of Nifty 6100 calls (@ 16 each), SBI 2400 call (bought @ 42) . Shall I exit these calls @ 5920 or hold little longer.

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  10. UnknownFebruary 18, 2013 at 1:07 PM

    Dear Sir,

    Can we short DLF at this level.

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    Replies
    1. UnknownFebruary 18, 2013 at 1:31 PM

      Hi Sundaresh, DLF does not look weak above 255. Don't short it. Can see 270.

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  11. sbrjFebruary 18, 2013 at 1:37 PM

    then it means people are betting on 6000,6100,there are chances for 6100 in feb month?
    many thanks.

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    Replies
    1. UnknownFebruary 18, 2013 at 1:42 PM

      Hi sbrj, Strong hands generally short options. So high OI on any strike generally acts as a resistance/support. At this moment, Highest OI is in 6000CE and 5900PE indicating range bound movement within these levels.

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  12. sbrjFebruary 18, 2013 at 1:55 PM

    many thanks for clear explanation.
    where as in puts maximum oi it indicates the support.correct?

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  13. UnknownFebruary 18, 2013 at 2:09 PM

    Sir,
    Can we see some more upside in Relinfra.

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    Replies
    1. UnknownFebruary 18, 2013 at 2:13 PM

      Hi sundaresh, Its breaking res of 488. can move higher to 504 if sustained above 488 on hourly closing.

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  14. Mahender Reddy PulakandlaFebruary 18, 2013 at 3:45 PM

    Sunil,

    Generic Question :
    Assume I want to short NIFTY xMONTH 6200 CE (while NIFTY trading at 6000), What is the amount that I need to have in myaccount for shorting it? (As far as I know some percentage NIFTY and strike is used in for calculating the margin amount, but not sure exactly, please clarify)

    Please share your thoughts.

    Thanks
    Mahy

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    Replies
    1. Mahender Reddy PulakandlaFebruary 18, 2013 at 3:56 PM

      Found this online : http://www.nseindia.com/content/assist/asst_Margins_faq.pdf

      Ah I need to read it :p

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    2. UnknownFebruary 18, 2013 at 4:14 PM

      Hi Mahy,
      Margin requirements for shorting options as per Zerodha:
      1. For ITM options is full and is equal to the margin needed for futures.
      2. For ATM options, 20% rebate on the full margin
      3. For OTM options, 30% rebate on the full margin.

      For intraday, 60% rebate on all margins

      Delete
    3. Mahender Reddy PulakandlaFebruary 18, 2013 at 4:35 PM

      As per my understanding, it depends on broker to broker as well. Okay, Thanks for the information Sunil.

      Delete

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