Nifty Trades for 01/03/2013

96 Comments
01/03/2013 09:00  Trend: Positive, SL: 5679
01/03/2013 10:10  SL Trailed: 5688
01/03/2013 14:05  SL Trailed: 5694
01/03/2013 14:20  SL Trailed: 5698


  1. HI GOOD MORNING TO ALL HAPPY TRADE AND HANDSOME GAIN.......:)

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    1. Good Morning Ravi, Thanks and wish you the same.

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  2. Gud morng sunil, 5702 is crucial or not? if crucial on what basis means 5min bar, 60 min bar or eod

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    Replies
    1. Hi Yogi, Good Morning, Yes, its crucial on closing basis.

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  3. Sir,

    Your view on DLf, Relinfra, Capital.

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    1. DLF has strong supports at 269/273. Relinfra and Ralcap can be shorted on rise with SL of 375 and 429 resp.

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  4. Hi Sunil,

    I subscribed to Auto channel postings yesterday, but didn't get alerts in my mailbox.

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    1. Hi DAlerts, Currently alerts are mailed once a day. Working on it for instant updates as well. You may follow AutoChannels on Twitter and Facebook for instant updates as of now.
      http://twitter.com/autochannels
      http://facebook.com/autochannels

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  5. Sir,
    Is it good to buy DLF 290 CE at this level?

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    Replies
    1. sorry for late reply mahi..
      I bought inspite of Sunil sir's caution and my SL hit :(
      feel like stop trading :)

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    2. Not a problem dude.
      Profit and loss is in all the game.
      Learn from the mistakes we make.
      That is how we become good traders.
      Keep learning.

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    3. Thanks Mahy..
      Points well noted

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  6. good morning Sir,
    Can i buy some march calls?

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    Replies
    1. Good Morning ramesh, Wait will Monday for a clear picture on Nifty.

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    2. OK SIR. I WILL WAIT FOR A STABLE OPPORTUNITY.
      THANKS

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  7. Hai Sunil Ji...Good Morning...
    SBIN Levels please... Can i go with its pe ? please advice...

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    Replies
    1. Good Morning Mahesh, Res: 2139, Supports: 2050, 2016. Can be shorted on rise.

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  8. Sir, whether Nifty can be bought keeping 5679 as SL?

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    Replies
    1. Not sure as yet. All higher timeframes are still negative

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  9. Hi sunil one personel question for u, are u watching tv while trading or u taken only technical analysis into account.

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    Replies
    1. Hi Yogi, I trade 100% on tech analysis. However, I do sometimes watch TV on days of special events.

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  10. Sir,

    DLF moving down any levels.

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  11. Hi Sunilji,

    Good morning.

    Thanks a lot for that superb nifty short strangle call.
    Made good profit in 10 lots.

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  12. Hi SR, Do you see any short covering in nifty where we can go short?

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    Replies
    1. Hi Vibhor,

      Hope you are doing good.
      SUZLON : 18% up :)

      Trade Idea From my Friend : go long on M&M around 885/886, SL: 880, TGT: 896/900/906

      Do "Paper Trade" for now :)

      Thanks
      Mahy

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    2. Hi mahy.. It was a great call from your side.. and thanks for these tips...

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    3. Most welcome Vibhor.

      Why so quite today.

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    4. Today I am not trading.. SR says to trade from Monday onwards.. So just watching ... Market is moving here and there only.. But the good thing is that Nifty didn't give any close below 5700 on hourly closing..

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    5. For Intraday Trader, everyday is new day, with clean white board. :)

      It is always good to take breaks and do trade when you feel comfortable and with clear picture.

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  13. HELLO SUNIL SIR
    HOW ARE U ?
    CAN SHORT ICICI AT 1065 ?
    AND SBI CAN BE LOGN ABOVE 2110

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    Replies
    1. Hi Pravin, ICICI can be shorted below 1047. Don't go long on SBI as yet. Overall looks weak.

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  14. Good Afternoon Sir, what is your view on ABIRLNUVO?

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    1. Good Afternoon arjun, Can go long on it if it breaks and sustains above 1047 with SL below 1033 in small qty.

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  15. Sorry All ... Power Issues.

    Positional Trade: Buy Nifty Futures @ CMP 5730 + 5700PE @ CMP 68, Target: 5800+ (Nifty Futures)

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    1. Hi SR, What will be the stoploss?

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    2. Hi Vibhor, Its a hedged position, so no SL. But if Nifty goes south, we may later close our trade.

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  16. SORY SIR i did not understand which all to buy . could you please clarify separately. thanks

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    1. BUY NIFTY FUTURE (march) 1lot
      AND BUY 5700PE 1lot

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    2. instead of futures can it be options in call? do not have enough to buy futures.

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    3. Hi Ramesh, Hope Mahy's reply helped.

      Thanks Mahy.

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    4. Sir, bought the same, thanks

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    5. Hi ramesh, This is a hedged call as can be very volatile moves if Nifty moves south. Avoid entering in options.

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    6. ok sir, thanks . understood. thanks Mahender for quick explaination.

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  17. Hi SR, what is your view on reliance capital?

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    Replies
    1. Hi Vibhor, Overall looks weak below 368.

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    2. ok.. Can we short it with any stoploss above 374?

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    3. Is highly oversold, and is holding onto support of 363 and may see short covering. Short only if it breaks and sustains below 363 for targets of 350, 340.

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  18. Sir I am still holding 10 lots of 6000 calls (@ 11.25) , additionally bought 5600 Put @ 36 and shorted 1 lot of 5800 call @ 46 . Can we hold these , or I need to exit some .

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  19. good evening sirji
    glad i did not trade in options today. both calls puts fell 15-20 percent.
    can you please advice me how many days later the option prices settle after start of new contract?
    1 week or 10 days?
    many thanks

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    Replies
    1. Hi sbrj, Good Evening,
      Option prices never settle, they always keep on decaying. The closer to expiry, the higher the decay. Generally options lose more on Fridays as it covers the weekend gap of 2 days as well.

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  20. Replies
    1. Thanks Mahy, Have a nice evening and a great weekend ahead.

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  21. sirji,
    understood. any chance for 5850 in march because i am planning to buy 5800 call on monday if not it is best to buy 5700 put on market bounce?
    many thanks for clarifying our doubts

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    Replies
    1. Hi sbrj, Most Welcome. Its quite likely for nifty to see 5850+ in March and may be remain volatile. Would advise not to enter naked options. A spread would be better.

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  22. Sir/Team,
    Happy weekend.
    Sundar.

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  23. HI HAVE A GREAT WEEKEND TO ALL........THANKS.....BYE....BYE......;)

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  24. Hai Sunil Ji... Good Morning...
    asper your suggestion to sbrj... please suggest suitable spread in options for current market conditions...

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    Replies
    1. Good Afternoon Mahesh, Working on some spread strategies for this series. Will post it soon.

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  25. Good evening Sirji
    we should post comments through facebook in future?
    all the best,have great weekend

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    1. Good afternoon sbrj, Currently Facebook Commenting is under Beta testing. If successful, we will migrate to it. As of now, both commenting systems would be available.

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  26. Good morning sir
    at which lvl to short sell l&t,sbi,bhel,icici bnk,reliance nd karnataka bnk
    sorry for bothering with big list
    many thanks

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    1. Good Evening sbrj, L&T can be shorted below 1374. Rest are oversold and may see a small bounce. Wait for some time to go short on them.

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  27. Hi Sunil

    can i enter pantaloon 200 CE for this march series.

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    Replies
    1. Hi Vikas, Enter CE only after it sustains above 179, for targets of 192, 201 keeping SL below 174.

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  28. Sir can we buy Nifty Future along with 5700 PUT @ opening .

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    Replies
    1. Hi Sonu, Wait for first 15 mins to enter any trade.

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