Nifty Trades for 27/02/2013

Feb 27, 2013 9:00 AM
131 Comments
27/02/2013 09:00  Trend: Negative, SL: 5783
27/02/2013 09:40  SL Triggered, Trend: Positive, SL: 5756
27/02/2013 10:30  SL Triggered, Trend: Negative, SL: 5779
27/02/2013 11:50  SL Triggered, Trend: Positive, SL: 5755
27/02/2013 12:20  SL Trailed: 5760
27/02/2013 12:45  SL Trailed: 5773
27/02/2013 13:30  SL Trailed: 5778
27/02/2013 13:50  SL Trailed: 5783
27/02/2013 14:40  SL Trailed: 5789


If you like this post, be sure to share it with your friends!
Its the best way to say a "Thank you"
  1. UnknownFebruary 27, 2013 at 9:02 AM

    Hi SR, Good Morning...

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 9:05 AM

      Hi vibhor, Good Morning.

      Delete
    2. UnknownFebruary 27, 2013 at 9:10 AM

      SR, Why don't you develop your comment section live like a chat.. chat comments refresh automatically in mini seconds(like facebook).. After that we don't need to refresh again and again to view the comments...

      Delete
    3. UnknownFebruary 27, 2013 at 9:12 AM

      Hi Vibhor, Planning to switch to facebook commenting system soon. :)

      Delete
    4. UnknownFebruary 27, 2013 at 9:18 AM

      Wow.. Great SR.. That will be the best.. are you developing your site with your own efforts or any developer is working on it?

      Delete
    5. UnknownFebruary 27, 2013 at 9:19 AM

      Hi Vibhor, all on my own. :)

      Delete
    6. UnknownFebruary 27, 2013 at 9:21 AM

      Great sir.. Which language your are using to develop this site?

      Delete
    7. UnknownFebruary 27, 2013 at 9:33 AM

      Currently on HTML/CSS, Java Script, JQuery and plan to add some ASP modules as well.

      Delete
    8. UnknownFebruary 27, 2013 at 9:37 AM

      Ok SR, From my point of view, You can use PHP.. It is cheap and the best way to develop a site. It has no license fees. And very easy to handle. And very much lighter. Facebook is also developed in PHP..

      Delete
    9. Mahender Reddy PulakandlaFebruary 27, 2013 at 12:26 PM

      Cool.
      That's good news for AutoChannels followers!
      Thank you Sunil for all the efforts.

      Delete
    10. UnknownFebruary 27, 2013 at 3:42 PM

      hi Vibhor, I'm not using php as I will be switching to full fledged ASP later on as I'm migrating my software to ASP. Then we can have live Auto Channels Charts online. But these will take time.

      Hi Mahy, Always Welcome.

      Delete
    11. UnknownFebruary 27, 2013 at 6:27 PM

      OK SR..

      Delete
  2. sHasHiFebruary 27, 2013 at 9:05 AM

    hi Sunilji,
    Good Morning

    ReplyDelete
  3. UnknownFebruary 27, 2013 at 9:14 AM

    SUNIL SIR
    GOOD MORNING
    HOLDING SUNPHARMA @ 800
    RANBAXY @ 416
    AND BPCL @ 387
    please advice me hold or exit on any rise?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 9:24 AM

      Good Morning Pravin, Sunpharma may see a pullback. Exit others on any rise for now.

      Delete
    2. UnknownFebruary 27, 2013 at 10:11 AM

      THANKS SIR

      Delete
  4. UnknownFebruary 27, 2013 at 9:17 AM

    Sir,
    Good Morning.

    ReplyDelete
  5. UnknownFebruary 27, 2013 at 9:28 AM

    Hi SR, yesterday reliance capital closed below its 200 DMA.. What is your view on it now.. Can it go more more from here after a bounce?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 9:38 AM

      Hi Vibhor, Overall looks weak, If it breaks below 390-91, can head lower to 381-82.

      Delete
    2. UnknownFebruary 27, 2013 at 9:41 AM

      ok SR.. Thanks..

      Delete
    3. UnknownFebruary 27, 2013 at 9:42 AM

      What is your view on nifty today.. Can we see any bounce back?

      Delete
    4. UnknownFebruary 27, 2013 at 9:51 AM

      Hi Vibhor, Nifty may remain flat today.

      Delete
    5. UnknownFebruary 27, 2013 at 9:54 AM

      ok Sir..

      Delete
  6. UnknownFebruary 27, 2013 at 9:28 AM

    Sir,

    Nifty levels to watch today & also Relinfra, Capital & Dlf for today.

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 9:43 AM

      Nifty Res: 5794, 5839, Supp: 5755, 5700
      Rel Infra, Cap and Dlf may see a pullback today. Res: 469, 400. Dlf above 274 may head to 280-81.

      Delete
  7. UnknownFebruary 27, 2013 at 9:30 AM

    Hi SR, Good morning

    ReplyDelete
  8. UnknownFebruary 27, 2013 at 9:41 AM

    Hi sunil good morning, Where do you see expiry, please take budget into account.

    ReplyDelete
  9. UnknownFebruary 27, 2013 at 9:43 AM

    Holding huge 8 lakh short since 5930, i expect 5600 or even below to book profits.

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 9:47 AM

      Hi Yogi, Good Morning, With an event coming up, Lighten up your positions. Whatever be the budget outcome, Nifty may likely not break below 5702 easily. If you see history, markets have always shown a pre-budget or post-budget rally. Seeing this carnage in the Feb Series, we can expect a post budget rally.

      Delete
    2. UnknownFebruary 27, 2013 at 10:01 AM

      Yes i agree with you, but S&P break below 1500 and also some crack in global mkts, Already so many reforms are already priced in, My view even if FM give good budget, 5900 is diff to break.

      Delete
    3. UnknownFebruary 27, 2013 at 11:14 AM

      Hi Yogi, Nifty may likely trade within the range of 5702-5885 for some time.

      Delete
  10. UnknownFebruary 27, 2013 at 9:49 AM

    Sir I am holding 1 lot of 5900 March call bought @ 61 . Shall I hold or exit now .

    ReplyDelete
  11. UnknownFebruary 27, 2013 at 9:54 AM

    Sir,
    Thanks for the levels.

    ReplyDelete
  12. pradipFebruary 27, 2013 at 9:58 AM

    Hi sunil ...which stock is a better buy ..reliance capital or tatasteel ?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 10:53 AM

      Hi pradip, Wait for some more time to enter either of them.

      Delete
  13. Mahender Reddy PulakandlaFebruary 27, 2013 at 10:02 AM

    Good Morning Sunil/Everyone.

    ReplyDelete
  14. RamFebruary 27, 2013 at 10:05 AM

    Hi Sunilji,

    Holding Nifty short strangle 10 lots.

    now around 23 (entered @36 yesterday)

    Please update on exit plan.

    Thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 10:56 AM

      Hi Ram, Hold for now. Exit 50% if Nifty breaks 5755 on hourly closing.

      Delete
  15. UnknownFebruary 27, 2013 at 10:16 AM

    Pressure starts!

    ReplyDelete
  16. rameshbFebruary 27, 2013 at 10:36 AM

    GOOD MORNING SIR,
    any call now in nifty?

    ReplyDelete
  17. UnknownFebruary 27, 2013 at 10:47 AM

    Hi SR, reliance capital is below 390.. Can we go short now?

    ReplyDelete
  18. UnknownFebruary 27, 2013 at 10:51 AM

    Sorry all, Had a power failure, Just came back online...

    ReplyDelete
  19. SAIFebruary 27, 2013 at 10:58 AM

    GOOD MORNING SUNILJI

    ReplyDelete
  20. pradipFebruary 27, 2013 at 11:13 AM

    hi sunil, was thinking to buying jp associate call ...do u think there may be a short covering rally . ur views please ..?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 11:17 AM

      Hi Pradip, Enter only if it break and sustains above 71.

      Delete
  21. pradipFebruary 27, 2013 at 11:22 AM

    Hi sunil, had a few losses ...want to recover ...n a big event is on the cards ...was thinking how to utilize the event ...any suggestion?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 11:35 AM

      Hi pradip, Avoid scheduled events. Markets can be very volatile

      Delete
  22. Nagaraj HegdeFebruary 27, 2013 at 12:02 PM

    Hi SR - Why kotak bank is not going down?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 1:06 PM

      Hi Nh, Markets showing recovery. If Nifty sustains above 5794 levels, may head to 5834-39 levels.

      Delete
  23. UnknownFebruary 27, 2013 at 12:35 PM

    SUNIL SIR
    I TRAPPED IN A CALL FOR ONGC AND I SHORT ONGC AT 310
    CAN HOLD OR EXI T
    PLEASE TELL ME SL

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 1:12 PM

      Hi Pravin, Hold short with a SL of day high. Hold call for targets of 318.5, 321

      Delete
  24. UnknownFebruary 27, 2013 at 12:58 PM

    Sorry all, Having Power issues. May remain online on and off today...

    ReplyDelete
  25. sbrjFebruary 27, 2013 at 1:13 PM

    Hi sunil sirji, hope all is well on your side.
    resistance of 5794 broke and further upside left up to 5830?
    many thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 1:16 PM

      Hi sbrj, Yes, all is well here. Just some power issues. Nifty has to break 5794 at least on hourly closing for upsides to 5834-39.

      Delete
  26. sbrjFebruary 27, 2013 at 1:19 PM

    hi yogi sm, you are the same yogi who visits nseguide or different person?

    ReplyDelete
    Replies
    1. RamFebruary 27, 2013 at 1:38 PM

      Hi sbrj,

      This is A K sunil kumar , owner of optionwinners.com
      Yogi of NSEGUIDE is another person.
      He will chat in many names like Akash,Robotguy,etc....
      Recently, he is using this ID

      Delete
  27. YOUSUFFebruary 27, 2013 at 1:29 PM

    sir,NSE Tame chart look irregular many gaps created in the charts,
    just look it

    ReplyDelete
  28. Mahender Reddy PulakandlaFebruary 27, 2013 at 1:29 PM

    Ready Set GO!

    ReplyDelete
  29. UnknownFebruary 27, 2013 at 1:38 PM

    Nifty Short strangle at 22 :)

    ReplyDelete
    Replies
    1. RamFebruary 27, 2013 at 1:41 PM

      Now at 21

      Delete
    2. UnknownFebruary 27, 2013 at 1:49 PM

      Hope you are counting your profits. :)

      Delete
    3. Mahender Reddy PulakandlaFebruary 27, 2013 at 1:50 PM

      hahaha ... :) good one

      Delete
    4. RamFebruary 27, 2013 at 2:29 PM

      yes,sunilji.currently near 20.
      But, worried a little about SL hit during Budget tomorrow

      Delete
    5. UnknownFebruary 27, 2013 at 2:34 PM

      Hi Ram, I'm not bothered about tomorrow. Technically, I'm not expecting Nifty to go beyond the range of 5702 - 5885. And as such should be a perfect strangle.

      Delete
    6. RamFebruary 27, 2013 at 2:37 PM

      now near 18.

      50% profit (notional) in a day.

      Great call !!!!!

      Delete
    7. UnknownFebruary 27, 2013 at 2:38 PM

      Thanks Ram :)

      Delete
  30. UnknownFebruary 27, 2013 at 2:03 PM

    Hi SR, what is your view on bank of baroda..?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 2:08 PM

      Overall looks weak below 736, but is in corrective phase and may correct upto 744.

      Delete
    2. UnknownFebruary 27, 2013 at 2:20 PM

      Hi SR, If it breaks 750, then can we take the long position in it?

      Delete
    3. UnknownFebruary 27, 2013 at 2:29 PM

      Even above 744, it will first go into a consolidation range of 736 - 761. Best to go long after it breaks above 761 for positional trading

      Delete
    4. UnknownFebruary 27, 2013 at 2:39 PM

      ok SR.. Thanks

      Delete
    5. UnknownFebruary 27, 2013 at 2:43 PM

      Most Welcome.

      Delete
  31. rameshbFebruary 27, 2013 at 2:51 PM

    GOOD AFTERNOON SIR,
    ANY NEW POSITIONS FOR OVERNIGHT?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 2:54 PM

      Hi ramesh, Nothing new for now with budget tomorrow. If holding Nifty Short strangle, can continue to hold till tomorrow.

      Delete
    2. rameshbFebruary 27, 2013 at 2:59 PM

      NO DID NOT ENTER THE STRANGLE. THANKS

      Delete
  32. rameshbFebruary 27, 2013 at 2:55 PM

    OPT-NIFTY-28-Feb-2013-5800-CE . NOW 43 WIL IT ERODE TOMORROW. SHOULD I BOOK PROFIT IT TODAY OR WAIT FOR TOMORROW

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 27, 2013 at 3:03 PM

      Markets can go either way from Here.
      And Importantly, Options Premiums are hight as of now because of Budget.
      And time left for FEB series only a day.
      I would suggest you to close your position.

      FYI : Never trade options this close to expiry.

      Thanks
      Mahy

      Delete
    2. UnknownFebruary 27, 2013 at 3:06 PM

      Hi ramesh, Don't hold any Feb Option longs for tomorrow. Book profits today.

      Delete
  33. AdminFebruary 27, 2013 at 3:07 PM

    hey sunilji.. i will be busy from next month onwards, wont be roaming here/ ng, going back to college :DDDD. will catch u through mails / fb :) . . i will come back with bulls, lets wait :))

    ReplyDelete
    Replies
    1. RamFebruary 27, 2013 at 3:11 PM

      Hi Sreejith,

      Nice decision.All the best !!

      Delete
    2. UnknownFebruary 27, 2013 at 3:24 PM

      Hi Doc!, Wish you all the best. Stay in touch. :)

      Delete
    3. AdminFebruary 27, 2013 at 3:27 PM

      thanks sunil ji. sure, will be in touch .. take care.

      Delete
    4. UnknownFebruary 27, 2013 at 3:33 PM

      Take care you too. :)

      Delete
  34. sbrjFebruary 27, 2013 at 3:25 PM

    Hi Ram,
    nice :DDD
    thanks for clarifying my doubt tats y i asked him but no reply from yogi sm(owner of optionwinners.blogspot).

    ReplyDelete
    Replies
    1. RamFebruary 27, 2013 at 3:39 PM

      Most welcome.
      I found this out last week itself.

      Delete
  35. sbrjFebruary 27, 2013 at 3:26 PM

    Guruji, tomorow market will rise or should i use this chance to buy puts?

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 3:36 PM

      Hi sbrj, Technically a close above 5794 looks positive and may show some upmove from here. However, with budget tomorrow, avoid directional trades till tomorrow.

      Delete
  36. Mahender Reddy PulakandlaFebruary 27, 2013 at 3:32 PM

    Have a nice evening to all of you!

    ReplyDelete
  37. RamFebruary 27, 2013 at 3:40 PM

    Hi Sunilji,

    Perfect closing for our Strangle.
    Nifty very near to 5800.

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 3:45 PM

      Hi Ram, Yes, Just could not have been better. :)

      Delete
  38. unknownFebruary 27, 2013 at 4:14 PM

    Hi Sunil Rao,
    Have a nice evening with your dear family and friends [You well deserve!]

    Saw KB's messages ..BTW, It is sad , a few guys or [girl] have no conscience or sense of justice to gang up against a good person.Wonder if they are feeling sorry now .! Whatever was their pleasure/agenda ..
    Take care ! God will always take good care of good folks like you .All the very best!
    Gitanjali.

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 4:33 PM

      Hi Gitanjali, Thanks and wish you the same.

      Your words to KB reminds me of a line from Julius Caesar:
      "The EVIL that men do, lives after them. The GOOD is oft interred with their bones."

      Delete
  39. sbrjFebruary 27, 2013 at 4:35 PM

    guruji,
    many thanks for guidance
    see you tomorrow
    bye

    ReplyDelete
  40. UnknownFebruary 27, 2013 at 4:37 PM

    Sir,
    Query:
    Ref. feb'13 4400 CE: 29th Jan.13 @ INR.1715 - why there are buyers and sellers at that level.

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 4:58 PM

      Hi Sundaresh, There are few long term investors who invest in index. Instead of buying futures and paying extra premium to roll it over month after month, they prefer to trade in deep ITM options as they have many benefits.

      1. They have no premium.
      2. The value is full intrinsic value and can be redeemed anytime or at expiry.
      3. Options require lesser margins.
      4. Options have lesser risk
      5. No extra premium need to be paid to rollover from one series to the next.

      Delete
    2. Mahender Reddy PulakandlaFebruary 27, 2013 at 5:17 PM

      Nice explanation Sunil. Thanks.

      Sundaresh,

      Liquidity for DEEP ITM will be less (you can check the option volume), because of that Spread between ASK and BID will also be wide.

      Delete
    3. UnknownFebruary 27, 2013 at 5:20 PM

      Hi Mahy, Most Welcome. Yes, Liquidity of these options are very low. But is good for long term investors who do not liquidate their holding on a day to day basis and the difference between bid / ask does not matter to them.

      Delete
    4. Mahender Reddy PulakandlaFebruary 27, 2013 at 5:25 PM

      Yes That's right Sunil. :)

      Here most of the autochannels followers are not long term investors, Just I want to inform them that they are less liquid options, worth mentioning.

      Delete
  41. unknownFebruary 27, 2013 at 5:03 PM

    Sunil Rao ,
    Thanks a lot ! Shows the wide gap between good/wise and others Just like Bulls and Bears !

    God bless you!
    Gitanjali.

    ReplyDelete
  42. UnknownFebruary 27, 2013 at 5:09 PM

    Sir,

    Oh god - amazing strategy.

    Thanks for the info.

    Sundar.

    ReplyDelete
  43. UnknownFebruary 27, 2013 at 5:48 PM

    Thanks Mahy,

    For the explanation.

    Sundar.

    ReplyDelete
  44. UnknownFebruary 27, 2013 at 6:09 PM

    Sir / Mahy,

    Curious to understand:

    If i manage to sell a option at higher level and leave it till expiry - am i not benifited.

    Eg.: i am selling at 1500 at the begining of the contract and it expires at 200 rupees - am i not benifited.

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaFebruary 27, 2013 at 6:18 PM

      Yes, Of course your in profits.
      Usually Selling is done with OTM Options, you expect them to expire worthless.

      Example : If we shorted 6100CE FEB-2013 on 1st FEB @ 53.60, and now it is trading at 0.5/-, It means you made a profit of 53.1 on it. (commissions are not included for simplicity sake.)

      Hope this helps.

      Delete
    2. UnknownFebruary 27, 2013 at 6:27 PM

      Hi Sundar, Mahy pointed out right. We do gain by shorting OTM options. But risk is high as an unfavourable position may lead to unlimited losses. As such, margins requirements are also higher. Strong hands always go with shorting options.

      Delete
  45. sbrjFebruary 27, 2013 at 6:11 PM

    sirji
    one doubt is if we are clear of trend then why cant we go with otm options to make profit in n number of times with least risk.
    and in case of big swings like 5% +- in index those itm options depreciates 500% and even 1000%
    which is best strategy?
    many thanks

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 6:36 PM

      Hi sbrj, Yes, If one can identify clear trend in advance, OTM options are the best way to multiply capital.

      Read our earlier OTM strategy on Nifty:

      September Strategies on Nifty - Technical View and Trading Strategies

      Delete
  46. UnknownFebruary 27, 2013 at 6:20 PM

    Sir can we buy March Reliance 860 call or March HDIL 85 call or jpassociate 80 call . Please advice.

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 6:43 PM

      Hi Sonu, Wait for the budget announcements to be made tomorrow. We will make fresh directional trades only after tomorrow.

      Delete
  47. UnknownFebruary 27, 2013 at 6:39 PM

    Sir / Mahy,

    Brain storming session:

    As SBRJ said,
    Shall we workout ( sorry - cant you suggest)some risky bet like taking some 52 week low bets and buying a long option and hold it till it reaches the high or leave it worthless till expiry.

    Eg.: Relinfra (approx) is in 455 levels and it would surely reach 540 levels if the market improves. If not we loose a bit.

    ReplyDelete
    Replies
    1. UnknownFebruary 27, 2013 at 6:55 PM

      Hi Sundar, OTM option trading is a great way to multiply capital with least risk. But you must remember few things for OTM option trading.

      1. You need to hold options for a long time.
      2. Longer the time higher the decay.
      3. You must know when to exit.
      4. You must know how to scale out profits.
      5. You must when to book profits.
      6. Stocks may give you a second chance to book profits, but options may not
      7. Time is your best friend as well as your biggest enemy.
      8. You need to exit trade before time turns your biggest enemy.
      9. Picking such stocks is not easy.
      10. If regularly using this strategy, follow a mix of longs and shorts.

      Refer to the previous link replied to sbrj

      Delete
  48. sbrjFebruary 27, 2013 at 7:14 PM

    sirji,
    many thanks for detailed explanation to previous questions which happens only in autochannels..
    great forum to discuss about strategies and to gain maximum knowledge.
    glad to participate with you good guys.
    see you tomorrow
    bye


    Hi Sundaresh Lakshmikanthan,
    your very good questions not only helps you but also helps me to know about certain important rules in options trading.
    thanks

    ReplyDelete
  49. UnknownFebruary 27, 2013 at 7:16 PM

    Sir,

    I lost huge money in option - due to non-adherance of the above said laws.

    This month i lost a bit - but gained huge experience. I am sure that i will not loose any henceforth.

    Ref. the quote by KB in nseguide:
    kb trader Says:
    February 21st, 2013
    Posted at: 11:10 amIn the business world everyone is paid in two coins - cash and experience. Take the experience first. Cash will follow later ~ Harold S. Geneen

    Sundar

    ReplyDelete
    Replies
    1. UnknownFebruary 28, 2013 at 8:36 AM

      Thinking positive is the first step to success :)

      Delete

Subscribe to: Post Comments ( Atom )