Nifty Trades for 20/02/2013

125 Comments
20/02/2013 09:00  Trend: Positive, SL: 5922


  1. good morning sir
    I am holding SBI FUTURE SHORT AT 2280 AND ALSO SBI 2200 PE @ 18
    please tel me hold or exit

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    1. Hi Pravin, Good Morning. Hold with sl of 2292 (hourly closing)

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  2. Good morning sirji,
    good to see you back

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    1. Good Morning sbrj, Thanks. Hope you booked profits in your CEs

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  3. Sir,
    Good Morning, Nifty levels for intraday.

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    1. Good Morning Sundaresh, Res: 5972, Supp: 5922

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  4. Sir can we buy 6100 calls with SL of 5945 .

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  5. yes sirji, booked profits in all the calls
    many thanks for yesterdays explanation on options IV
    now which is good stock to sell and hold till expiry?
    please suggest.

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    Replies
    1. Hi sbrj, Nice. Most Welcome. No new call as yet.

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  6. Replies
    1. Hi sundaresh, would advise to book profits for now.

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  7. good morning, SR, i missed the bus yesterday. what to do now? any calls or relax?

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    1. Good Morning ramesh, Wait for now. Markets likely to see some consolidation today.

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  8. call options are recording highs while index has no movement. why so?

    which one is good to sell? l&t or bhel or icici bank
    many thanks sirji

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    Replies
    1. Buying euphoria... Will die off soon... Can go with Bhel.

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    2. Selling OTM like 6200CE can be handy then, right?

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    3. 6200CE has no value. Can go with 6000CE/6100CE on rise with SL above 5974

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  9. Sir i am a salient reader/follower of two blogs like auto channel and optionwinners blog......really awesome result.....thanks a lot for both of them....i recovered my all earlier losses.

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    Replies
    1. Thanks for your kind comments. Always Welcome.

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  10. Sir,
    HDFC and Cipla in downtrend can i short them.

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    Replies
    1. Cipla can be shorted near 387 with SL above 391.5. Avoid HDFC.

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  11. HI SUNILJI, GOOD MORNING. YR VIEW ON TATA MOTORS PLS. BOUGHT SOME FEW DAYS BACK IN CASH

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    1. Hi Sai, Strong Resistance near 308, Can do well if it breaks above it. Can hold with SL below 301.

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  12. Replies
    1. Strong resistance near 429. Wait for its breakout.

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    2. Yeah Sure,
      I'm just watching markets ... Not trading :)
      interested people can take-up the trading idea and play it.

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  13. Sir,
    Holding HUL and ITC for short term view,,, whats your suggestion.

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    Replies
    1. ITC looks good. Can be held with sl below 296, can head to 332 above 310. Avoid HUL for short term.

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  14. Hi Sunil, Nifty struck again in small range, y'day I made profit in Bank Nifty Short and loss in Nifty short, luckily I covered it slightly before the big bounce. Hats off to u for your y'day's prediction :-)
    Robotguy

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    Replies
    1. Hi Robotguy, Thanks. Good to know you saved your loss in Nifty shorts. Good Money management! :)

      Nifty opened gap-up with a negative bias and as such created a large range. As such direction is not certain. As of now, no trading in Nifty till it breaks above 5972 or below 5922.

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    2. Yes, I incurred a very minimum loss, but I was really surprised with your prediction about the exact level of nifty. Just superb. Today I am not much worried if any bounce comes as I have already made a good profit in MCDowell short, so If I get profit today in nifty short it's like a lottery :-)

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    3. Hi Robotguy, Thanks, All levels are predicted by AutoChannels as per 500 bars average volatility.

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  15. Huge Turnover in "NESTLEIND" most active (In Value) today, Any news on that?

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  16. Replies
    1. Hi SR, What is your view on nifty.. Breakout or Breakdown?

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    2. Nifty is trading above major resistance level of 5945 but with a negative bias. As such breakout is not confirmed as yet. Weakness may creep in if Nifty breaks below 5945. As of now, no trading in Nifty till it breaks above 5972/4 or below 5922

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    3. ok SR, You view on reliace capital? It is trading above its resistance level..

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    4. Yes, But does not have breakout momentum. Seems, it may consolidate between 390-418 for some days.

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  17. Replies
    1. Hi mahy.. Nifty is trading in a range.. What is your view?

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    2. Sorry, I was in a meeting.
      As nifty is in a trading range, looking for Europe markets openings (As of now ASIA is in green). NIFTY needs +Ve cues to go up, otherwise "Sell On Rise".

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  18. Sir can we buy 6100 calls if Nifty trades above 5972-74 for 5 min.

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    Replies
    1. No. Trading above 5972-74 for 5 mins will confirm a breakout. Entering at breakouts do not give good risk/reward ratio. Wait for a consolidation after a breakout.

      However, if Nifty finds good support near 5927-34, one may initiate longs with SL below 5922 for target of 5971

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    2. Sir in that case can we enter 6100 calls near 5927-30 with SL of 5922 .

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    3. Wait for few mins for confirmation before entering. Go with 6000CE instead of 6100CE

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    4. Sir can we enter 6000 calls now .

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    5. NO. Lost opportunity is better than lost money.

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    6. Ok Sir , Please suggest , if later on we can buy .

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  19. nifty breaks 5945 level,can i buy some puts in cmp? sl please

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    Replies
    1. Not yet. If Nifty finds good support near 5927-34, one may initiate longs with SL below 5922 for target of 5971. Go short only after it breaks below 5922.

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  20. ok sir vl do it.
    many thanks for guidance

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  21. hi sunil sir,
    holding BankNifty 12500CE
    what levels can it see..when to exit...

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    Replies
    1. Hi Sandeep, Hold it with SL below 12351. Can see 12456, 12491 levels.

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  22. Sir,

    Will it test 5927-34 levels - as it had taken support at 5938. Can we create long now.

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    Replies
    1. Hi Sundaresh, Risk/reward not favourable at current levels. If we do not get good entry levels, better avoid trade.

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    2. Currently Nifty is still trading with a negative bias below 5954. If trade not initiated by 2pm, then wait till day-end.

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  23. By this time Nifty should break the resistance of 5974,seems weak

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    1. Scalped Nifty thrice. Shorted 6000CE at 38, booked at 33 :)

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    2. As Nifty decreases,the CE also decreases in the same rate but N Fut is not decreasing that rate,the premium gap is increasing

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    3. Thank you sir, its really a master stroke

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    4. Thanks Mahy.

      Thanks Krishna, Yes, Options have higher range due to implied volatility.

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    5. Fourth time also successful :)

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  24. Markets moved up on low volumes yesterday. Nifty has major resitance near 5977.For further upmove, we need to see buying near lower levels of 5922-5934.

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  25. SUNIL SIR
    I BOT
    NIFTY 5900 PE AT 29
    NIFTY 6000 CE AT 35
    koi tgt mil jayega ?

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    Replies
    1. Hi Pravin, Hold CE with SL below 5922, PE with SL above 5959. Book PE near 5934. Hold Ce for target of 5971

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  26. nifty not falling below 5935 to buy calls.so can one buy nifty 6000 ce in cmp for 5971 target?

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    Replies
    1. Risk/Reward not favourable at current levels. Markets will burn you out, if you lack patience.

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    2. very true sirji,vl wait for breakout in either way
      can i hold bhel put for some more days?
      many thanks

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    3. Yes, First target 208, Next 201

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  27. Hi Mahy, Can you please check whether you are able to get updates on posts by mail now.
    If not, please fill in the "Subscribe By Email" on right panel and check again.

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    Replies
    1. Hi Sunil,
      Daily I subscribe to the post, I get email notifications for the comments.

      As you suggested I've submitted my email address in the right panel also.

      Thanks
      Mahy

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    2. Thanks. Now you should be able to get post notifications as well. But wanted to check whether post updates are also notified.

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  28. Hi Sunilji,
    I am getting the updates through mails itself.
    But need to post a message daily and then subscribe to that. Anyways it gives an opportunity to greet you in the morning :)

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    1. Hi Shashi, That Nice. But you are referring to comment updates. On the Right Panel, I have added a new option to "Subscribe by email" which should send you mail whenever a new post or a new update on post is made.

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    2. Oh, OK
      I have subscribed to that now.
      Will update you once I receive the mail

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    3. Thanks. My next update will be after end of session to update chart.

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    4. Ok..
      I will update you upon getting it through mail.

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    5. Sunilji,
      Received the update through mail :)

      GN

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  29. Hello Sunil,

    Any call on RIL...can we expect same rally 2morrow

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  30. Hello Sunil,

    I heard that there is a bank strike is going on ..is it the reason for SBI down ?

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    Replies
    1. That should not be the reason. It was near strong resistance level of 2291. Tested back support at 2248. Advised shorting below 2226.

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  31. Sir I am still holding 4 lots of 5900 FEB PUTs and 1 lot of 6000 MARCH FEB PUT .Shall I hold these.

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    1. Hi Sonu, Should have exit it earlier as advised yesterday. Protecting your capital is very important! Exit 50% now and exit rest on any dips in Nifty tomorrow.

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  32. hi SR,

    nifty looking to close just 2-3 points positive,
    any shorts can be made or wait till tomorrow
    thanks

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    Replies
    1. Hi tarun, Don't go short till 5922 is breached.

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  33. sirji, present i have bhel 200 put and icici 1100 put?
    please share your thoughts on icici, vl it test 1050?
    many thanks

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    Replies
    1. Hi sbrj, Not sure of 1050 as yet. Is finding support near 1115. Below 1115, can see 1099, 1084

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