Nifty Trades for 21/02/2013

Feb 21, 2013 9:00 AM
171 Comments
21/02/2013 09:00  Trend: Positive, SL: 5922
21/02/2013 09:25  SL Triggered, Trend: Negative, SL: 5926
21/02/2013 10:00  SL Trailed: 5917
21/02/2013 10:10  SL Trailed: 5912
21/02/2013 12:55  SL Trailed: 5906
21/02/2013 13:20  SL Trailed: 5890
21/02/2013 14:10  SL Trailed: 5881
21/02/2013 15:05  SL Trailed: 5869


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  1. UnknownFebruary 21, 2013 at 9:05 AM

    Good Morning to all,have a good day....:)

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:06 AM

      Good Morning Ravichandran. Thanks and have a great day you too.

      Delete
  2. tarunFebruary 21, 2013 at 9:17 AM

    hi SR,

    pls. tell good lvl to short ?
    thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:18 AM

      Hi Tarun, Not yet.

      Delete
    2. tarunFebruary 21, 2013 at 10:05 AM

      hi SR,
      post the negative trend by Auto channels, i shorted nifty at 5920 fut lvl.
      at 10 am closing it was below 5900. what may be the target in nifty. can it go below 5880 today ?
      thanks

      Delete
  3. sHasHiFebruary 21, 2013 at 9:21 AM

    Hello Sunilji,
    Good Morning :)

    ReplyDelete
  4. sbrjFebruary 21, 2013 at 9:22 AM

    Sirji, v good morning
    what is your strategy on nifty today?. can i hold icici puts till friday?
    quite a selling pressure in coming in.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:25 AM

      Good Morning, Wait for now. Book near 1100 in ICICI

      Delete
  5. UnknownFebruary 21, 2013 at 9:24 AM

    Good Morning Sir .

    ReplyDelete
  6. UnknownFebruary 21, 2013 at 9:25 AM

    Sir,

    Good Morning.
    Levels for Relinfra & DLF. Holding Puts.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:33 AM

      Hi Sundaresh, Both are overall strong and near strong supports 481 and 275. Book for now.

      Delete
  7. UnknownFebruary 21, 2013 at 9:32 AM

    Hi SR, Good morning
    Is it a buying opportunity at low level?

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:38 AM

      Hi Krishna, Wait for a positive breakout above 5926 before entering fresh longs.

      Delete
  8. Mahender Reddy PulakandlaFebruary 21, 2013 at 9:32 AM

    Good Morning Sunil/ALL.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:39 AM

      Good Morning Mahy.

      Delete
    2. Mahender Reddy PulakandlaFebruary 21, 2013 at 9:52 AM

      Sunil,

      I haven't received any email today about the new Post "Nifty Trades for 21/02/2013", Yesterday I've subscribed and confirmed too..

      Please check later after the market hours.

      Thanks
      Mahy

      Delete
    3. UnknownFebruary 21, 2013 at 10:44 AM

      Ok Thanks, Will check later.

      Delete
  9. UnknownFebruary 21, 2013 at 9:32 AM

    Sir can we buy 6000 Feb calls now with SL of 5885 .

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:39 AM

      Not yet. We will buy calls only after a positive breakout above 5926.

      Delete
  10. sbrjFebruary 21, 2013 at 9:40 AM

    nifty calls or puts? which is good to buy?

    ReplyDelete
  11. UnknownFebruary 21, 2013 at 9:41 AM

    Ok Sir can we hold PUTs with SL of 5926 .

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:51 AM

      Hi Sonu, Exit part for now and hold rest with sl of 5926.

      Delete
  12. subinFebruary 21, 2013 at 9:41 AM

    good morning ..ur view on jp associates

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:53 AM

      Good Morning. Can go long on it if it breaks and sustains above 74

      Delete
  13. RamFebruary 21, 2013 at 9:42 AM

    Hi Sunilji,

    Can I short 5900 put now (around 41) and keep it till expiry with SL 5850 ?

    Thanks.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 9:57 AM

      Hi Ram, Wait for some positive sentiments before shorting put.

      Delete
  14. sbrjFebruary 21, 2013 at 10:04 AM

    your earlier strategy of sell on rise near 5950 was very good but i dont know why changed it to buy near 5927. little curious about it

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 10:27 AM

      Hi sbrj, As Nifty had opened gap-up with a negative bias, had created a large range of 5922 - 5972. That strategy was only for intraday range trade yesterday and had advised not to enter if trade was not triggered by 2pm. Shorting was advised only below 5922

      Delete
  15. UnknownFebruary 21, 2013 at 10:14 AM

    Can be entered Nifty now keeping strong support at 5885?

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 10:15 AM

      No Please.

      Delete
    2. UnknownFebruary 21, 2013 at 10:18 AM

      Thanks Mahy

      Delete
    3. UnknownFebruary 21, 2013 at 10:29 AM

      Hi Krishna, Wait for confirmation of your anticipation.

      Delete
    4. UnknownFebruary 21, 2013 at 10:36 AM

      Thanks, will wait.

      Delete
    5. RamFebruary 21, 2013 at 10:42 AM

      Hi Krishna,Mahy,

      I did exactly what Krishna has suggested.

      Already in a profit of Rs.6000 in just 20 minutes.

      It is one of the best trades with the lowest risk-reward ratio.

      Delete
    6. UnknownFebruary 21, 2013 at 10:46 AM

      Thanks Ram, Congrat, brave heart, encash immdly.

      Delete
    7. Mahender Reddy PulakandlaFebruary 21, 2013 at 10:48 AM

      That's cool.
      Good to know!

      Delete
    8. RamFebruary 21, 2013 at 10:53 AM

      Hi Krishna,Mahy

      Yes, already booked profit @54.50 (5900 call)
      Bought @ 48.50 (20 lots)

      There is a chance of nifty breaking 5885 support later today or tomorrow.
      That's why I booked profit in just 25 minutes

      Delete
    9. Mahender Reddy PulakandlaFebruary 21, 2013 at 10:58 AM

      nice.

      Delete
  16. sbrjFebruary 21, 2013 at 10:14 AM

    how is reliance to sell?

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 10:17 AM

      Consider "SunPharma" Sell at CMP, StopLoss 800 (on Hourly Chart), Trade in Low Quantity.

      It had a great rally from 690 to 800 on short time.
      Trade only if you are convinced please.

      Happy Trading.

      Delete
    2. UnknownFebruary 21, 2013 at 10:30 AM

      Don't go short on reliance as yet.

      Delete
  17. YOUSUFFebruary 21, 2013 at 10:17 AM

    Sir, can i buy any Long stangle or straddle now or before budget?

    ReplyDelete
  18. tarunFebruary 21, 2013 at 10:34 AM

    hi SR,

    shorted nifty fut with stop loss at 5926, shall i cover or can we see more down side ??
    thanks

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 10:40 AM

      Hi Tarun, Shorted NIFTY At?

      Delete
    2. UnknownFebruary 21, 2013 at 10:40 AM

      Hi Tarun, Nifty is near range low of 5885. If broken can see more downside.

      Delete
    3. tarunFebruary 21, 2013 at 10:42 AM

      ok SR, lets wait with some patience

      hi Mahender,

      after, auto channels gave negative trend at 5920 - fut lvl

      Delete
    4. Mahender Reddy PulakandlaFebruary 21, 2013 at 10:45 AM

      Already 13 Points profits on table.
      Good to know.

      Delete
    5. tarunFebruary 21, 2013 at 10:52 AM

      just now, nifty fut after touching 5910, gave 5 consecutive red closing in 1 min candles.
      have seen, this gives a good indication of few more points fall

      Delete
    6. tarunFebruary 21, 2013 at 10:58 AM

      lets see the 11 am closing

      Delete
    7. tarunFebruary 21, 2013 at 12:32 PM

      covered nifty shorts at 20 points gain

      Delete
    8. Mahender Reddy PulakandlaFebruary 21, 2013 at 4:53 PM

      Good going!

      Delete
  19. raviiFebruary 21, 2013 at 10:39 AM

    Hello Sunil,

    Good Morning

    ReplyDelete
  20. raviiFebruary 21, 2013 at 10:41 AM

    Can i go for long on any of below counters..

    LT,RIL,ICICI,Axis

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 10:50 AM

      Hi ravii, RIL can be entered if it sustains above 872.

      Delete
  21. sbrjFebruary 21, 2013 at 10:42 AM

    Sirji, i followed your first advice 'sell on rise' tats y bought bhel and icici puts yesterday. credit goes only to you.
    many thanks for your guidance sirji.
    waiting for your signal.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 10:51 AM

      That's nice :) Most Welcome.

      Delete
    2. Mahender Reddy PulakandlaFebruary 21, 2013 at 11:07 AM

      Good to know.
      Credit goes to you also for following the right advice in a right way!

      Congrats.

      Delete
  22. sbrjFebruary 21, 2013 at 10:48 AM

    Hi mahy, sun pharma is all time high, it is buy on correction i guess
    thanks for sharing your thoughts.

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 11:12 AM

      Yeah, It is a Strong Stock as of now.

      As an Intraday Trade, looked weak in the first hour, and Overall markets are also weak.

      That's why suggested with Tight StopLoss, Utmost we would loss 3 to 4 points.

      Only Trade when you are convinced, That's how we learn and move forward.

      Thanks
      Mahy

      Delete
    2. RamFebruary 21, 2013 at 2:02 PM

      Hi mahy,

      Maximum loss is 3 to 4 points when you advise a normal SL.
      But, as per your hourly closing SL,the loss can be huge.

      Delete
    3. Mahender Reddy PulakandlaFebruary 21, 2013 at 2:08 PM

      :) Yes can be, mood of the market also play a role in Intraday trades. That'w was I said earlier, "Trade only if you are convinced, Otherwise skip it please".

      Delete
    4. RamFebruary 21, 2013 at 4:28 PM

      Hi mahy,

      I did not trade.
      Just informed you about the possibility of huge loss if calls are given with hourly closing SL.

      Delete
    5. Mahender Reddy PulakandlaFebruary 21, 2013 at 4:34 PM

      Not a problem.
      Thanks for your concern.

      Delete
  23. raviiFebruary 21, 2013 at 11:09 AM

    Hello Mahi,

    Good Morning..How are you.

    ReplyDelete
  24. raviiFebruary 21, 2013 at 11:11 AM

    Hello Sunil,

    Nifty 5900..call taken @50 near 5887.. shall i add antoher near 5890 levles?

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 11:48 AM

      Hi ravii, As of now hold with a SL below 5875. Don't add more.

      Delete
  25. DAlertsFebruary 21, 2013 at 11:19 AM

    Hi Sunil,
    DLF a buy or sell at CMP? SL/tgt pls?

    ReplyDelete
  26. UnknownFebruary 21, 2013 at 11:22 AM

    Hi SR, Good morning... You view on SBI today...

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 11:50 AM

      Good Morning Vibhor, Can be shorted if it breaks and sustains below 2226

      Delete
  27. sbrjFebruary 21, 2013 at 11:47 AM

    Hi Mahy,
    ok vl sell for intra day in small quantity by maintaining sl
    many thanks

    ReplyDelete
  28. Mahender Reddy PulakandlaFebruary 21, 2013 at 11:48 AM

    To All :
    http://sphotos-c.ak.fbcdn.net/hphotos-ak-snc7/426003_404393779651628_1817714921_n.jpg

    it is true with me (most of the time) :)

    ReplyDelete
  29. sHasHiFebruary 21, 2013 at 12:06 PM

    Sunilji,
    Not getting the post updates through mail..

    Can you please share the levels for ICICI bank.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 12:15 PM

      Thanks, Will check it up. ICICI below 1100 can test 1080

      Delete
  30. UnknownFebruary 21, 2013 at 12:07 PM

    Sir can enter maruti.....whats your view.....?

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 12:16 PM

      Not Yet. Let it breakout above 1517 before going for long trades on it.

      Delete
  31. UnknownFebruary 21, 2013 at 12:15 PM

    Hi SR, Do you think any short covering today from the lower levels in nifty..?

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 12:18 PM

      Hi Vibhor, Not sure as yet. But its quite possible.

      Delete
    2. UnknownFebruary 21, 2013 at 12:23 PM

      Nifty is almost oversold on daily charts...

      Delete
  32. Sandeep CAFebruary 21, 2013 at 12:23 PM

    hi Sunil Sir,

    i am holding RIL at 872 levels from yesterday..
    pls suggest when to exit..can we see 900 in near term..

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 1:19 PM

      Hi Sandeep, Keep SL below 857, Will gain momentum only above 872.

      Delete
  33. UnknownFebruary 21, 2013 at 12:25 PM

    Thankyou sir....:)

    ReplyDelete
  34. sbrjFebruary 21, 2013 at 12:25 PM

    Sirji, i missed icici bank. sold 1050 10 calls at 3.00 bought in 1.50 now it is 6.20. disappointed :((
    do market recover from here? can we enter some calls with 5880 sl?
    please suggest

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 1:22 PM

      Hi sbrj, No need to be disappoint. Profit in pocket always feels good. When holding multiple lots, scale your profits. Don't go long as yet.

      Delete
  35. sbrjFebruary 21, 2013 at 12:27 PM

    sirji, small mistake, 1050 puts

    ReplyDelete
  36. UnknownFebruary 21, 2013 at 12:35 PM

    Friends Nifty all set to crack below 5600 in 2-3 weeks....be alert!!!!!!!!!

    ReplyDelete
  37. UnknownFebruary 21, 2013 at 12:38 PM

    Trend reversal starts in long term picture.....Once budget is inline or disappoints...Nifty see new lows close to 5550-5400

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 1:01 PM

      Hi Yogi,
      Looks like that, Thanks for sharing!

      Delete
    2. UnknownFebruary 21, 2013 at 1:28 PM

      Mid-term trend reversal only below 5702. Markets will NOT break 5702 easily. Long term trend reversal only below 5244.

      Need not panic till 5702 is intact on closing basis.

      Delete
    3. Mahender Reddy PulakandlaFebruary 21, 2013 at 1:30 PM

      Thanks for the update Sunil.

      Delete
    4. UnknownFebruary 21, 2013 at 1:30 PM

      Thanks SR for this useful information....

      Delete
    5. UnknownFebruary 21, 2013 at 1:33 PM

      Most Welcome. Mahy & Vibhor.

      Delete
  38. Mahender Reddy PulakandlaFebruary 21, 2013 at 1:21 PM

    Set New StopLoss on ur puts/short.
    Protect ur profits.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 1:25 PM

      Those holding shorts, book 75-80% profits as of now. May see a intraday bounce from here.

      Delete
  39. UnknownFebruary 21, 2013 at 1:31 PM

    Hi SR, India VIX is up by 8.58%...

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 1:37 PM

      Yes, Vix is rising indicating higher volatility in coming days. Already Nifty is over 100 points below yesterday's high

      Delete
  40. UnknownFebruary 21, 2013 at 1:32 PM

    Max OI has shifted from 5900PE to 5700PE. Those holding longs may hedge positions with puts. As long as Nifty maintains above previous week's low of 5853, Nifty has made higher highs and higher lows and is positive of coming week.

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 1:34 PM

      Correction: "positive for coming week"

      Delete
    2. Mahender Reddy PulakandlaFebruary 21, 2013 at 1:37 PM

      Hi Sunil,

      But we need to wait till end of the day to confirm the weeks low for today.
      That's good news for now it didn't breach previous weekly low.

      Thanks
      Mahy

      Delete
    3. UnknownFebruary 21, 2013 at 1:43 PM

      Hi Mahy, As per AutoChannels, Nifty broke out above 5945 and gave a short term positive outlook for Nifty on hourly charts. Hourly Support and short term reversal on Nifty on below 5857.

      Delete
    4. Mahender Reddy PulakandlaFebruary 21, 2013 at 1:46 PM

      okay.

      Delete
    5. Mahender Reddy PulakandlaFebruary 21, 2013 at 2:45 PM

      Sunil,

      NIFTY just shy off 5853.
      Lucky us!

      Delete
  41. UnknownFebruary 21, 2013 at 1:41 PM

    Booked awesome profit in 10 lots Nifty fut short @ 5921 booked @ 5878.......sms come to book profit from my guruji.......... now a day no loss only profit.....

    ReplyDelete
  42. UnknownFebruary 21, 2013 at 1:43 PM

    Sorry for forget to thanks...... for sunil and sunil ak,,,,, both are awesome....

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 1:45 PM

      Always welcome. :)

      Delete
    2. RamFebruary 21, 2013 at 4:32 PM

      Hi Yogi aka Sunil Kumar ,

      We all know you are not Yogi.
      You are A K Sunil Kumar , owner of optionwinners.com.

      Delete
    3. Mahender Reddy PulakandlaFebruary 21, 2013 at 5:17 PM

      Really? :)

      Delete
  43. Mahender Reddy PulakandlaFebruary 21, 2013 at 1:53 PM

    All Major Europe Indices are in Red.

    ReplyDelete
  44. UnknownFebruary 21, 2013 at 1:53 PM

    WOW........ See the OI change in 5700PE and 5600PE. Max OI shifted back to 5800PE. Drastic reduction in OI of 5700PE and 5600PE in last few minutes.
    Advisable to book profits in all shorts. We may see a pullback ...

    ReplyDelete
  45. UnknownFebruary 21, 2013 at 1:58 PM

    Short STRADDLE suggested in 5900CE + 5900PE at cmp 112

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 1:59 PM

      Downside SL 5857 on hourly closing of Nifty.

      Delete
    2. Mahender Reddy PulakandlaFebruary 21, 2013 at 2:01 PM

      Thank you Sunil.
      U asked in the morning
      Yusuf .. something for u is here :)

      Delete
    3. Mahender Reddy PulakandlaFebruary 21, 2013 at 3:00 PM

      NIFTY Almost there 5857 :(

      Delete
  46. sbrjFebruary 21, 2013 at 2:08 PM

    sirji, open interest in puts is more of calls.good buying is comin in nify 5700 to 6000 puts.vix index is up.major nifty movers slumped.
    is this indicating further fall or it is normal during fall?
    please suggest can we utilize this bounce wid calls?
    many thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 21, 2013 at 2:20 PM

      Hmmm... OI of calls are higher than puts. This is common during a downslide. if Nifty breaks below 5857 on hourly closing, we may see more downside in short term.

      Delete
  47. sbrjFebruary 21, 2013 at 2:27 PM

    many thanks sirji

    ReplyDelete
  48. UnknownFebruary 21, 2013 at 2:32 PM

    I think budget is the only support for Market and Chidambaram (FM)is resistance.

    ReplyDelete
  49. MR INDIAFebruary 21, 2013 at 2:39 PM

    SUNIL CAN I BUY 5900 CE NIFTY AT 39-35

    ReplyDelete
  50. UnknownFebruary 21, 2013 at 3:02 PM

    SL Triggered in Nifty short straddle. Exit at cmp 120

    ReplyDelete
  51. UnknownFebruary 21, 2013 at 3:06 PM

    Yes i think free fall till 5780?

    ReplyDelete
  52. UnknownFebruary 21, 2013 at 3:10 PM

    Sir can we enter call or put .

    ReplyDelete
  53. UnknownFebruary 21, 2013 at 3:16 PM

    Hi SR, what is the next target of SBI?

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 3:25 PM

      Nice to know Vibhor, sitting on profits.

      Delete
    2. UnknownFebruary 21, 2013 at 3:35 PM

      Hi mahy.. All credit goes to SR and you only... SR told to sell on rise and You told me that it has a resistance around 2300. So I had shorted it yesterday. Thanks to you and SR..

      Delete
    3. Mahender Reddy PulakandlaFebruary 21, 2013 at 3:38 PM

      I'm happy for you!
      Most welcome Vibhor.

      Delete
    4. UnknownFebruary 21, 2013 at 5:33 PM

      Hi Vibhor, SBI looks weak below 2226 and can head down to 2161, 2118. Good Going.

      Delete
    5. UnknownFebruary 21, 2013 at 8:18 PM

      Thanks Sunil sir

      Delete
  54. UnknownFebruary 21, 2013 at 3:22 PM

    Dear Yogi,
    Why dont you pass on the blessing of your guruji to us (the autochannels team).

    ReplyDelete
  55. sHasHiFebruary 21, 2013 at 3:36 PM

    Sunilji,

    Kindly post the updates in the comments section too as we are missing the same when subscribe to posts through mails.

    Sorry for the trouble :)

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 3:41 PM

      Hi Shashi,

      You can subscribe to the comments.
      I do the same on daily basis (once in the morning), I receive every comment.

      Thanks
      Mahy

      Delete
    2. sHasHiFebruary 21, 2013 at 3:44 PM

      Thanks Mahy..

      I am getting all the comments without any issues.
      But not getting the Updates to posts(TSL's) made by Sunilji which are very important to miss.

      Thanks
      Shashi

      Delete
    3. Mahender Reddy PulakandlaFebruary 21, 2013 at 3:47 PM

      Ah got your point, I never received those earlier also.

      Delete
    4. sHasHiFebruary 21, 2013 at 3:54 PM

      :)
      I have even subscribed to the email notifications which delivers only the first message in a new posts and no subsequent updates.

      Delete
    5. Mahender Reddy PulakandlaFebruary 21, 2013 at 5:14 PM

      Now I got a email with all TSL updates :)

      Delete
    6. UnknownFebruary 21, 2013 at 5:37 PM

      Hi shashi, Working on a solution for it. Feed Burner sends mails only once a day. Trying to find if it has settings for instant mails. The other option, I have in mind to post updates as tweets. Will come out with a solution for it. :)

      Delete
    7. UnknownFebruary 21, 2013 at 5:38 PM

      Hi Mahy :)

      Delete
    8. sHasHiFebruary 21, 2013 at 9:25 PM

      Thanks Sir for all the efforts.
      If possible just post the update as a new comment as it will be delivered instantly.

      GN :)

      Delete
    9. Mahender Reddy PulakandlaFebruary 21, 2013 at 9:28 PM

      Good Night Sunil/EveryOne.

      Delete
    10. sHasHiFebruary 21, 2013 at 9:31 PM

      GN Mahy
      See u tom :)

      Delete
    11. UnknownFebruary 21, 2013 at 11:13 PM

      Good Night Mahy, Shashi. :)

      Delete
  56. sbrjFebruary 21, 2013 at 4:38 PM

    what are hourly,weekly charts suggesting?any positive up move left?
    nifty and most of stocks are overly sold?
    hastily bought nifty calls in last moment at the time nifty fell 90 points,
    please advice
    many thanks

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 21, 2013 at 4:50 PM

      :) for a moment I saw myself in you, I used to be like that. Never trade hastily and emotional, will loose money eventually (most of the times).

      "Trend is our friend"!

      Now Short Term view is bearish and likely to head towards south. Let's wait and see.

      "Plan a trade and Trade a plan".

      Delete
    2. Mahender Reddy PulakandlaFebruary 21, 2013 at 4:51 PM

      All Major Indices are 2% down :(

      Delete
    3. sbrjFebruary 21, 2013 at 5:30 PM

      Hi mahy,
      yes i agree
      the only hope i have is not budget bt index nd 80% stocks are oversold, tats y bought calls.i some times follow 'sell when all buys and buy when all sells'
      this worked out for me number of times.
      thanks

      Delete
    4. UnknownFebruary 21, 2013 at 5:41 PM

      Hi sbrj, This is a correction and Nifty will eventually bounce back to higher levels. Its very likely for Nifty to test 6083 next month. But for short term, close below 5885 and also below 5857 sets a bearish tone for Nifty for short term. Next target 5794.

      Delete
  57. Ashish SankhlaFebruary 21, 2013 at 4:57 PM

    Sir, your effort for the Indian stock trader is highly appreciable.
    But traders should remember that market is willing to reward traders who have the discipline and patience to trade.
    ____________________
    ez-stock-trading.com

    ReplyDelete
  58. UnknownFebruary 21, 2013 at 5:36 PM

    Sir I think trailing SL you meant is 5869 . Please rectify (by mistake is displayed as 5969).

    ReplyDelete
  59. UnknownFebruary 26, 2013 at 3:19 PM

    Your blog is very useful to all the people especially for stock user. So much important information is there in your site.....Nifty Tips

    ReplyDelete

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