Nifty Trades for 26/02/2013

83 Comments
26/02/2013 09:00  Trend: Negative, SL: 5877
26/02/2013 09:30  SL Trailed: 5847
26/02/2013 09:50  SL Trailed: 5838
26/02/2013 11:15  SL Trailed: 5836
26/02/2013 12:30  SL Trailed: 5829
26/02/2013 12:45  SL Trailed: 5820
26/02/2013 13:25  SL Trailed: 5810
26/02/2013 14:05  SL Trailed: 5807
26/02/2013 14:15  SL Trailed: 5803
26/02/2013 15:05  SL Trailed: 5788
26/02/2013 15:15  SL Trailed: 5783


  1. Book part profits in Positional Short in Nifty near 5825.

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    1. Sunil, I have booked full profits "as usual" with 55% profit... thanks for the call

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    2. Hi Paritosh, Nice :) Most Welcome.

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  2. Hi Sunil.. Do we have chances of seeing nifty around 5790

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    1. Hi Dilip, Next major support for Nifty at 5794.

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  3. Sir,
    Holding Relinfra 460 PE@ 6.55. Can we see any downside for infra from here or to book here.

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    Replies
    1. Hi Sundaresh, Can book for now, May re-enter again if it breaks below 466.

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  4. Good morning Everyone!

    Sunil, Yesterday Positional Call : Shorting NIFTY.
    Good Going Sunil.

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  5. Sir Thanks a lot , I booked profit in 5800 PUT @ around 42 .

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  6. Sir,
    Your view on DLF & Rel capital intra.

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    Replies
    1. Hi Sundaresh, DLF may likely remain range bound within 270-277. Can go short on Rel Cap. if it breaks below 400, for targets of 391, 382.

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  7. I am short in JP asso @ 76 only 1 lot, shall i book profit or roll over to next series for a tgt of below 60 with trailed sl 70?

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    1. Hi Yogi, Overall looks weak, Strong Support near 67, Below it can head down to 63 levels. Keep a TSL above 69.

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  8. Hi SR, Good morning,
    Whether Nifty to crack 5800 or bounce back from this level?

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    Replies
    1. Hi Krishna, Good Afternoon, Strong support near 5794. May see a small bounce from here.

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  9. Target of 5804 achieved in Positional Nifty Short at 5865. Book FULL profits in Nifty shorts.

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  10. Option Writing Call. Short 5700PE + 5900CE of Feb series till expiry. SL: 5755, 5870
    Trade in low qty.

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  11. Hi SR, What is the next support for nifty..

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    1. 5794 in a major support. Nifty would likely not break it on closing basis and may likely see a small bounce from here to about 5885 levels. As such expecting expiry to be near 5850-75.

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    2. ok SR, Can we go short on reliance capital or wait for a bounce..

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    3. Hi Vibhor, Can go short in small qty keeping SL above 406.5

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  12. Sir can we buy 5900 March calls with SL of 5794 .

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  13. Hi sunil..... what is this? Nifty sure min 100 points swing on 28th your stoploss easily triggered in option writing..... no issue pls clarify....

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    1. Hi Yogi, We may revise Stop Loss is needed on day of expiry. But we would be gaining full premium if Nifty expires anywhere between 5700-5900. Shorted at 36, already at 34. Just few more trading hours to go. :)

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    2. Bought 50 lots of 5800pe @ 80 now in handsome profit, planing to hold all 50 lots till 5760... what to do?

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    3. Its easy with options with handsome profits. Book full profits in 5800PE and buy same number of lots of 5700PE and hold with a TSL of 5830. You are still in your trade with reduced risk.

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  14. @ spam guys > i wanted to come back here .. some decent comments were posted here, when i posted sell around 6050/6100 levels ... i didn't said anything but market replied .. :) still not on first target :)


    @ sunil rao.. ga sunil ji :)

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    1. Come on kb.... i think they are useless....don't worry about them....good prediction.....

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    2. tnks .. but who is this? yogi or sm ?? confused ¿¿¿¿¿¿¿

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    3. YOGI.......surname Suman Manthew

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  15. Hi sunil good amount of OI build up in 5800to5600puts.........seems 5600 is possible if budget disappoints.already railway budget fails to meet expectation...

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    1. Hi Yogi, Whatever be the budget disappointments, its most unlikely for Nifty to break below 5702 this expiry as it the mid-term positive trend support.

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  16. Hi SR, any option call from the budget perspective ? can we buy some calls?

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    1. I trade the reverse. Since all are buying options, I'm short on them till expiry :)

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    2. hehehe :)
      As long as we don't loose, everything is right.
      What you said is Right, the Most follow the "Herd Mentality".

      That is why 80 to 90% ppl loose money in options.

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    3. ok SR, Thanks for sharing your view..:)
      Hi mahy, you are right.. Even I have lost a lot in options..

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    4. Hi Vibor,

      No Worries, you are in good hands now!

      Have a nice evening to you and ALL.

      Thanks
      Mahy

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  17. Nifty Short Strangle now at 30 :)

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    1. Hi Sunilji,

      Entered Nifty Short Strangle - 10 lots - 37.00
      Now @30

      I think we need to exit just before budget speech on thursday.
      Your view ?

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    2. Hi Ram, No, Just before the budget speech would be max IV so we don't want to lose that :) We may hold with strict SL.

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    3. Ok.Thanks.

      Now @28

      already in profit of nearly 5k in 10 lots.

      waiting for your guidance.....

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    4. Lets hold for now. Nifty has held to support of 5755 on hourly closing. We may see a small bounce from these levels. However, next major support is at 5702 and hopefully should not be broken before expiry. Technically, Even if 5702 is tested, Nifty should bounce back to at least 5885.

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  18. Hi SR, it seems that nifty is going to close below 5794..

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    1. Yes, But good it hold above 5755.

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    2. Hi SR, European market are very much down.. Any reason behind it?

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  19. Can we go short in any stock for tomorrow.. any call?

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    1. No. Don't go short at these levels. We may likely see a pullback.

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    2. ok SR.. Thanks for giving the short call for reliance capital.. I earned a decent profit in it today...

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    3. Nice to know. Most Welcome. :)

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  20. GOOD AFTERNOON, I AM HOLDING 6000CALL MARCH AT 57 NOW 34. WHAT DO YOU ADVICE?

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  21. Hi SR, Nifty is almost down 1.60%.. but today banks are not so much down as compare to nifty.. SBI is not going below 2190.. What is your view on SBI?

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    1. Hi Vibhor, SBI is showing distribution pattern near strong support of 2190. If broken, can head down to 2161, 2129 levels. Resistance near 2227.

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  22. Sir,
    Thankyou Sir, made good profits in Relinfra, Capital & DLF.

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  23. Thanks Mahy.

    Query: Ref. SR's reply to Vibhor:

    T. Sunil RaoFebruary 26, 2013 at 2:41 PM
    I trade the reverse. Since all are buying options, I'm short on them till expiry :)

    Can you quote an example on this strategy to understand clearly.

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    1. Hi Sundaresh, When there is a scheduled event. Bulls and Bears buy options in huge qty creating an artificial hype increasing the IV of the options. Its best to short both call and put options in such case before the event. Just after the event, the IV will normalize and in most cases, give huge gains in matter of minutes/hours.

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    2. Hi Sunil Rao , Beautifully explained !! Thanks a lot !
      Enjoy the remaining few hours of night ,with your dear family and friends ..[However, I know you are a nocturnal nerd!!]
      Gitanjali.

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    3. Hi Gitanjali, Thanks and Most Welcome. :)

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