Nifty Trades for 06/03/2013

Mar 6, 2013 9:00 AM
48 Comments
06/03/2013 09:00  Trend: Positive, SL: 5753
06/03/2013 11:40  SL Trailed: 5794


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  1. karthikMarch 6, 2013 at 9:13 AM

    gm sunilji!

    ReplyDelete
  2. UnknownMarch 6, 2013 at 9:14 AM

    Good Morning karthik.

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  3. UnknownMarch 6, 2013 at 9:21 AM

    Sir,
    Good Morning.
    Sundar

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  4. UnknownMarch 6, 2013 at 9:22 AM

    Sir,
    Levels of Relinfra, DLF & Relcapital intra.

    ReplyDelete
    Replies
    1. UnknownMarch 6, 2013 at 9:29 AM

      Good Morning Sundar,
      RelInfra has resistance near 430. Above 430 can pull back to 443, below 422 can head to 401.
      DLF has major res near 265. Support: 257. weak below 253
      Rel Cap has major res near 377. Support 364. weak below 358

      Delete
  5. UnknownMarch 6, 2013 at 9:32 AM

    Thanks Sir.

    ReplyDelete
  6. UnknownMarch 6, 2013 at 9:32 AM

    Hi SR, Good morning

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  7. DebuMarch 6, 2013 at 9:35 AM

    GD MRNG..SR, your view/range on Nifty & SBIN today....pls.

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    Replies
    1. UnknownMarch 6, 2013 at 9:42 AM

      Good morning Debu, Nifty may remain in the range of 5753 - 5824. SBIN may see a pullback above 2139. Res: 2182. Weak below 2116

      Delete
    2. DebuMarch 6, 2013 at 9:44 AM

      Thank you..

      Delete
  8. UnknownMarch 6, 2013 at 9:51 AM

    HI GOOD MORNING TO ALL HAVE A GOOD DAY........:)

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    Replies
    1. UnknownMarch 6, 2013 at 9:52 AM

      Good Morning Ravi. Thanks and wish you the same.

      Delete
  9. Sandeep CAMarch 6, 2013 at 9:59 AM

    hi Sunil sir,

    holding 5800CE and RIL 840CE
    pls suggest when to exit..

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    Replies
    1. UnknownMarch 6, 2013 at 10:40 AM

      hi Sandeep Book profits for now. Strong resistance near 5815-20 levels. May remain range bound later today.

      Delete
  10. Mahender Reddy PulakandlaMarch 6, 2013 at 10:12 AM

    Good morning everyone.

    ReplyDelete
  11. UnknownMarch 6, 2013 at 10:50 AM

    Hi Mahender good morning........:)

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  12. UnknownMarch 6, 2013 at 10:53 AM

    Sir, any call at this level?

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    Replies
    1. UnknownMarch 6, 2013 at 10:55 AM

      Go with Short strangle on Nifty 5900CE + 5700PE and hold till Friday.

      Delete
    2. UnknownMarch 6, 2013 at 10:57 AM

      Thanks,already entered

      Delete
  13. rameshbMarch 6, 2013 at 12:32 PM

    GOOD MORNING, SIR, Short strangle means sell both 5900ce and 5700pe, it that correct?

    ReplyDelete
    Replies
    1. Mahender Reddy PulakandlaMarch 6, 2013 at 12:56 PM

      Yes Ramesh.

      Delete
    2. rameshbMarch 6, 2013 at 1:03 PM

      thanks mahendra. could you tell how much money will it cost?

      Delete
    3. Mahender Reddy PulakandlaMarch 6, 2013 at 1:09 PM

      As far as I know:
      It requires around 60K (60000) as margin amount.
      10% is the usual margin for NIFTY

      10% (5700 * 50 + 5900 * 50) = 10% (5,80,000) = 58,000/-

      Hope this helps.

      Please correct me if am I missing something.

      Thanks
      Mahy

      Delete
    4. Mahender Reddy PulakandlaMarch 6, 2013 at 1:10 PM

      You are selling options : you collect premium.
      But you need to have enough money in your account for doing this.

      Delete
    5. Mahender Reddy PulakandlaMarch 6, 2013 at 1:18 PM

      limited upside only (maximum profit is the premium collected, if underlying stays between 5700 and 5900 till expiry).

      This is one of the income generator strategy, The only problem with this strategy is identifying appropriate strikes . Some People use Max OI for that, etc.

      As a general rule Sell when Implied Volatility is high.

      Delete
    6. UnknownMarch 6, 2013 at 1:28 PM

      Thanks for helping out Mahy. :)

      Delete
    7. Mahender Reddy PulakandlaMarch 6, 2013 at 1:28 PM

      Most welcome Sunil

      Delete
  14. UnknownMarch 6, 2013 at 2:14 PM

    hello sunil sir
    i m holding M&M FUTURE AT 898
    CAN HOLD FOR A WEEK

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    Replies
    1. UnknownMarch 6, 2013 at 2:35 PM

      Hi Pravin, Overall looks weak below 892, hedge with a 900PE

      Delete
  15. VikasMarch 6, 2013 at 2:26 PM

    Hi Sunil,

    Will NHPC to touch 23 in a week.?

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    Replies
    1. UnknownMarch 6, 2013 at 2:36 PM

      Hi Vikas, Not sure about it. Better to avoid.

      Delete
  16. UnknownMarch 6, 2013 at 2:41 PM

    Hi SR, Has JP Associate confirmed its breakout today?

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    Replies
    1. UnknownMarch 6, 2013 at 4:24 PM

      Hi Vibhor, Yes, Above 73.2 can head to 77, 80 levels.

      Delete
  17. UnknownMarch 6, 2013 at 2:55 PM

    The trend of EU market is so positive but Nifty is range bound and below 5824-- what does it indicate?

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    Replies
    1. UnknownMarch 6, 2013 at 4:41 PM

      Hi Krishna, Nifty has multiple resistances in the zone of 5820 - 5850. If broken can head ahead to 5980 levels else may fall back to 5700 levels. Lets see how things shape up.

      Delete
    2. UnknownMarch 6, 2013 at 8:57 PM

      Thanks, the picture will be cleared by tomorrow morning?

      Delete
    3. UnknownMarch 6, 2013 at 9:16 PM

      Most Welcome. Yes, likely to be cleared tomorrow morning.

      Delete
  18. DebuMarch 6, 2013 at 3:48 PM

    Hello SR, I have one question if u guide me please. How can I calculate support & resistance for any script. Is that depends on historical movement or else...

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  19. Mahender Reddy PulakandlaMarch 6, 2013 at 3:50 PM

    Have a nice evening folks.
    Have fun!

    ReplyDelete
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