Nifty Trades for 22/03/2013

Mar 22, 2013 9:00 AM
115 Comments
22/03/2013 09:00  Trend: Negative, SL: 5692
22/03/2013 11:10  SL Trailed: 5684
22/03/2013 13:55  SL Trailed: 5672
22/03/2013 14:30  SL Triggered, Trend: Positive, SL: 5635
22/03/2013 14:45  SL Trailed: 5647
22/03/2013 15:15  SL Triggered, Trend: Negative, SL: 5681
Intraday Analysis:
Buy above: 5688.45
Sell Below: 5664.20
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  1. SundarMarch 22, 2013 at 9:15 AM

    Sir,


    Good Morning.

    ReplyDelete
  2. ShashiMarch 22, 2013 at 9:16 AM

    Good Morning Sir..

    ReplyDelete
  3. Auto ChannelsMarch 22, 2013 at 9:17 AM

    @disqus_M56MjlrzQL:disqus Good Morning.

    ReplyDelete
  4. Auto ChannelsMarch 22, 2013 at 9:18 AM

    @Shashi_Shetty:disqus Good Morning

    ReplyDelete
  5. Pramod SinghMarch 22, 2013 at 9:26 AM

    Good Morning Sir..

    ReplyDelete
  6. Auto ChannelsMarch 22, 2013 at 9:30 AM

    @053b8469fc00caf7381d26b11dff3fff:disqus Good Morning.

    ReplyDelete
  7. karthikMarch 22, 2013 at 9:35 AM

    Good morning sunilji!

    ReplyDelete
  8. Auto ChannelsMarch 22, 2013 at 9:35 AM

    @155c0b5ebd254a818cb45c020caf28a8:disqus Good Morning.

    ReplyDelete
  9. Jiten SriMarch 22, 2013 at 9:42 AM

    Good morning sunil sir
    do market rise or fall today? can i continue to hold my short positions. give me a hint.Thanks

    ReplyDelete
  10. ShashiMarch 22, 2013 at 9:43 AM

    Sunilji, Shall we buy 5600PE in small qty or wait?

    ReplyDelete
  11. Auto ChannelsMarch 22, 2013 at 9:48 AM

    @91c32160b90c58e8f73be5f887a408e5:disqus Good Morning. Hold shorts with a SL of 5689

    ReplyDelete
  12. Auto ChannelsMarch 22, 2013 at 9:50 AM

    @Shashi_Shetty:disqus Enter below 5664

    ReplyDelete
  13. ShashiMarch 22, 2013 at 9:50 AM

    OK , thanks sir

    ReplyDelete
  14. Bhuvan SivaMarch 22, 2013 at 9:51 AM

    HI SUNILJI GOOD MORNING. HOLDING 5700PE. PLS GIVE LEVEL TO CLEAR

    ReplyDelete
  15. Auto ChannelsMarch 22, 2013 at 9:55 AM

    Short Nifty near 5665, SL: 5689, Target: 5615 (Trade in low qty.)

    ReplyDelete
  16. Auto ChannelsMarch 22, 2013 at 9:56 AM

    @5bf656861192002896d929fce46af1c7:disqus Good Morning. Can test 5615

    ReplyDelete
  17. Bhuvan SivaMarch 22, 2013 at 9:58 AM

    THANK YOU. WANT TO PUT SELLING PRICE B4 MY ANY PROBLEM ARISE. :)

    ReplyDelete
  18. Auto ChannelsMarch 22, 2013 at 9:59 AM

    Most Welcome.

    ReplyDelete
  19. Mahender ReddyMarch 22, 2013 at 9:59 AM

    Good morning Sunil/Everyone.

    ReplyDelete
  20. Mahender ReddyMarch 22, 2013 at 9:59 AM

    Thank you

    ReplyDelete
  21. Auto ChannelsMarch 22, 2013 at 10:00 AM

    Most Welcome Mahy.

    ReplyDelete
  22. Auto ChannelsMarch 22, 2013 at 10:00 AM

    @33f9459876e83384e3f9cce0819f1bb6:disqus Good Morning Mahy.

    ReplyDelete
  23. Pramod SinghMarch 22, 2013 at 10:09 AM

    Thanks for the call.Hope we make it today :)

    ReplyDelete
  24. Auto ChannelsMarch 22, 2013 at 10:09 AM

    Lets hope for the best :)

    ReplyDelete
  25. Mahender ReddyMarch 22, 2013 at 10:18 AM

    Sunil,
    Going long on SBIN and TM on dips.

    ReplyDelete
  26. Auto ChannelsMarch 22, 2013 at 10:24 AM

    Strong resistance for TM near 278

    ReplyDelete
  27. Mahender ReddyMarch 22, 2013 at 10:31 AM

    Yeah, Yesterday also 278 acted as resistence and I booked Profits and closed the trade.

    ReplyDelete
  28. Imran KhanMarch 22, 2013 at 10:31 AM

    Good morning Sir, how are you, i have 5900 call for April series brought yesterday at 37 please advise, today you have given short call should i exit 5900 call now?

    ReplyDelete
  29. Imran KhanMarch 22, 2013 at 10:43 AM

    Good morning @google-33f9459876e83384e3f9cce0819f1bb6:disqus are you trading on nifty short now? i am holding 5900 call should i hold or exit its for april series

    ReplyDelete
  30. Auto ChannelsMarch 22, 2013 at 10:46 AM

    @c009e85663117725a427c03935b27671:disqus Good Morning. Exit on rise for now. Will enter longs only after confirmation.

    ReplyDelete
  31. Imran KhanMarch 22, 2013 at 10:47 AM

    Thanks Sir :) should i exit long and enter short now?

    ReplyDelete
  32. Auto ChannelsMarch 22, 2013 at 10:53 AM

    Yes, can enter short on rise. But strict with SL. Markets have been volatile.

    ReplyDelete
  33. Imran KhanMarch 22, 2013 at 10:55 AM

    Sure sir, i wil go with 5600 put for now with sl 5689

    ReplyDelete
  34. Auto ChannelsMarch 22, 2013 at 10:58 AM

    okay

    ReplyDelete
  35. Mahender ReddyMarch 22, 2013 at 11:07 AM

    NIFTY forming Descending Triangle (intraday).

    ReplyDelete
  36. Auto ChannelsMarch 22, 2013 at 11:13 AM

    Was more of a distribution pattern which has finally given way.

    ReplyDelete
  37. Imran KhanMarch 22, 2013 at 11:14 AM

    The descending triangle is a bearish formation that usually forms during
    a downtrend as a continuation pattern. There are instances when
    descending triangles form as reversal patterns at the end of an uptrend,
    but they are typically continuation patterns. Regardless of where they
    form, descending triangles are bearish patterns that indicate distribution, i got from internet :) so it means my longs in trouble

    ReplyDelete
  38. Mahender ReddyMarch 22, 2013 at 11:15 AM

    haha ... :)

    ReplyDelete
  39. Mahender ReddyMarch 22, 2013 at 11:15 AM

    :)

    ReplyDelete
  40. ShashiMarch 22, 2013 at 11:16 AM

    Means I can continue holding my PEs :):)

    ReplyDelete
  41. Auto ChannelsMarch 22, 2013 at 11:17 AM

    The distribution pattern has not yet broken on 15mins and higher charts.

    ReplyDelete
  42. Auto ChannelsMarch 22, 2013 at 11:19 AM

    hmmm... :)

    ReplyDelete
  43. Pramod SinghMarch 22, 2013 at 11:22 AM

    Sir what does incr./dec. in premium indicates??

    ReplyDelete
  44. Auto ChannelsMarch 22, 2013 at 11:35 AM

    @disqus_AN92IvpwhZ:disqus Increase in futures premium generally indicates bullishness whereas decrese indicates bearishness.

    ReplyDelete
  45. Pramod SinghMarch 22, 2013 at 11:44 AM

    The premium in nifty increasing...does it indicate bad sign for shorts?

    ReplyDelete
  46. Mahender ReddyMarch 22, 2013 at 11:55 AM

    Made 15% profits on SBI 2150 CE, Booked 1 lot, holding other.

    ReplyDelete
  47. Mahender ReddyMarch 22, 2013 at 12:01 PM

    Thank you!

    ReplyDelete
  48. rameshbMarch 22, 2013 at 12:11 PM

    GOOD MORNING MAHENDER, are you holding the shorts?

    ReplyDelete
  49. Mahender ReddyMarch 22, 2013 at 12:13 PM

    I'm not holding as of now.

    ReplyDelete
  50. Auto ChannelsMarch 22, 2013 at 12:15 PM

    Nifty has been volatile. Trade with strict SL.

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  51. Auto ChannelsMarch 22, 2013 at 12:15 PM

    Good. :)

    ReplyDelete
  52. Mahender ReddyMarch 22, 2013 at 12:16 PM

    Thanks Sunil

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  53. Pramod SinghMarch 22, 2013 at 12:22 PM

    Ok.Thanks.

    ReplyDelete
  54. Bhuvan SivaMarch 22, 2013 at 12:46 PM

    Sunilji, GA

    I bought 5700pe @ 64. pls help what price will it reach as per your said target. Little busy at office. Mind is not working in this.

    ReplyDelete
  55. vibhor sharmaMarch 22, 2013 at 12:47 PM

    Hi SR..Good afternoon...

    ReplyDelete
  56. Auto ChannelsMarch 22, 2013 at 12:50 PM

    @google-5bf656861192002896d929fce46af1c7:disqus GA, Hold with SL of 5665 (our entry price).

    ReplyDelete
  57. Auto ChannelsMarch 22, 2013 at 12:50 PM

    @f365b3e36dcf8a70ddb515b967cdf520:disqus Good Afternoon.

    ReplyDelete
  58. Bhuvan SivaMarch 22, 2013 at 12:53 PM

    YA OK.

    ReplyDelete
  59. Jiten SriMarch 22, 2013 at 12:58 PM

    Sir,
    Bse falling but nse index did not fell much. why?

    ReplyDelete
  60. Mahender ReddyMarch 22, 2013 at 1:05 PM

    Markets not moving anywhere...
    TM at breakeven, SBI in marginal gains. (holding with Tight StopLoss)
    EURO opening ahead ... waiting to close long trades if euro in red :)

    ReplyDelete
  61. Auto ChannelsMarch 22, 2013 at 1:07 PM

    @facebook-100005424695118:disqus Markets have been showing a consolidation phase. directional move should resume soon.

    ReplyDelete
  62. sonu2938March 22, 2013 at 1:08 PM

    Sir can we short SBI 2300 April Call and SBI 1950 April Put .

    ReplyDelete
  63. VishalMarch 22, 2013 at 1:15 PM

    Good afternoon sunil and readers

    ReplyDelete
  64. Mahender ReddyMarch 22, 2013 at 1:17 PM

    good afternoon

    ReplyDelete
  65. VishalMarch 22, 2013 at 1:17 PM

    Good to know, u hv started trading?

    ReplyDelete
  66. Auto ChannelsMarch 22, 2013 at 1:31 PM

    @sonu2938:disqus Don't short options in such volatile markets.

    ReplyDelete
  67. Auto ChannelsMarch 22, 2013 at 1:31 PM

    @c79c62a78a910cba5d646fc36c7a3ffd:disqus Good Afternoon.

    ReplyDelete
  68. Bhuvan SivaMarch 22, 2013 at 1:36 PM

    GA

    ReplyDelete
  69. Jiten SriMarch 22, 2013 at 2:04 PM

    can i buy 5600 puts now?

    ReplyDelete
  70. Auto ChannelsMarch 22, 2013 at 2:05 PM

    Not advisable as IVs have gone up. risk/reward may not be favourable.

    ReplyDelete
  71. Jiten SriMarch 22, 2013 at 2:07 PM

    ok sir will wait for some time.
    any stock good to go short and hold till expiry in futures. please suggest one. Thanks

    ReplyDelete
  72. Auto ChannelsMarch 22, 2013 at 2:11 PM

    Markets look uncertain as of now and very volatile. Avoid positional trades for now.

    ReplyDelete
  73. Mahender ReddyMarch 22, 2013 at 2:17 PM

    Stopped out on TM (5% loss) and exited SBIN at cost.

    ReplyDelete
  74. Mahender ReddyMarch 22, 2013 at 2:26 PM

    No more trades for the day!

    ReplyDelete
  75. Auto ChannelsMarch 22, 2013 at 2:28 PM

    Exit Nifty Shorts at 5765 (at cost)

    ReplyDelete
  76. Mahender ReddyMarch 22, 2013 at 2:30 PM

    thanks Sunil. 5665

    ReplyDelete
  77. Imran KhanMarch 22, 2013 at 2:36 PM

    SR sir i am holding 5900 call of April still what levels nifty can go up in April? your view

    ReplyDelete
  78. Jiten SriMarch 22, 2013 at 2:46 PM

    can i short sell again on rise again or should i wait for a chance to buy?please suggest the level. Thanks sir

    ReplyDelete
  79. Auto ChannelsMarch 22, 2013 at 2:51 PM

    Wait for now.

    ReplyDelete
  80. Auto ChannelsMarch 22, 2013 at 2:55 PM

    Nifty has taken support of the range of 6036 - 6027. If held on may see a bounce from here.

    ReplyDelete
  81. Imran KhanMarch 22, 2013 at 3:02 PM

    Thanks Sir, i wil wait for higher targets with sl 5647

    ReplyDelete
  82. Imran KhanMarch 22, 2013 at 3:09 PM

    again nifty is @ 5646 really confusing today :)

    ReplyDelete
  83. Pramod SinghMarch 22, 2013 at 3:10 PM

    Joy ride going on i suppose :(

    ReplyDelete
  84. Auto ChannelsMarch 22, 2013 at 3:14 PM

    :)

    ReplyDelete
  85. arjun pandaMarch 22, 2013 at 3:18 PM

    sirji ye kya mazak chal raha hey nifty main(last 30 mins)...please put some light on it...

    ReplyDelete
  86. Mahender ReddyMarch 22, 2013 at 3:19 PM

    :) Friday Special Effects :)

    ReplyDelete
  87. Imran KhanMarch 22, 2013 at 3:19 PM

    sir, when to go long please tell i have already holding now 6 lots of 5900 @34.50, i will avg it when you will give call to go long

    ReplyDelete
  88. Mahender ReddyMarch 22, 2013 at 3:19 PM

    hehe :)

    ReplyDelete
  89. Imran KhanMarch 22, 2013 at 3:19 PM

    he he :)

    ReplyDelete
  90. Imran KhanMarch 22, 2013 at 3:21 PM

    oh negative trend again :(

    ReplyDelete
  91. Mahender ReddyMarch 22, 2013 at 3:21 PM

    Imran try not to add more to it, Wait for it.
    I think sunil already told u about it. Please wait

    ReplyDelete
  92. Auto ChannelsMarch 22, 2013 at 3:22 PM

    hehe ... Nifty follows the intraday range... It fails to break above the "buy above" level.

    ReplyDelete
  93. Auto ChannelsMarch 22, 2013 at 3:22 PM

    Good One :)

    ReplyDelete
  94. Imran KhanMarch 22, 2013 at 3:23 PM

    yes, brother i am thinking nifty is going down from 5 days at least now it will give bounce but it didn't

    ReplyDelete
  95. Auto ChannelsMarch 22, 2013 at 3:23 PM

    Wait for now. Markets are highly volatile. Moreover Nifty failed to break above the intraday "Buy Above" level.

    ReplyDelete
  96. Bhuvan SivaMarch 22, 2013 at 3:24 PM

    BAD LUCK :(

    ReplyDelete
  97. Auto ChannelsMarch 22, 2013 at 3:26 PM

    yes :(

    ReplyDelete
  98. Imran KhanMarch 22, 2013 at 3:37 PM

    sir, i will wait for now and hold those longs also and exit if i get some small profits then i will trade patiently with your advise, Thanks sir

    ReplyDelete
  99. SundarMarch 22, 2013 at 4:05 PM

    Dear Imran,

    Every one need to close their books for this financial year end (i.e. 31st March). There would be huge selling next week. Be cautious.

    Note: March 31st falls on Sunday - and there is only 3 working days next week.

    ReplyDelete
  100. Jiten SriMarch 22, 2013 at 4:38 PM

    In last hour Market gone wild. Very volatile day and scalping traders love it.
    sir please tell me one thing,market rise or fall in future month? where do you see this expiry? thanks lot.

    ReplyDelete
  101. anupMarch 22, 2013 at 4:53 PM

    Hi Sunil,

    I remember those days when you used to give option calls on the first week of the month and we used to have very huge profit...Can you give monthly calls, so that we can carry it for 10 to 15 days ..please start once again

    ReplyDelete
  102. jaiMarch 22, 2013 at 5:48 PM

    We may see Gap-Up on monday.

    ReplyDelete
  103. Auto ChannelsMarch 22, 2013 at 6:13 PM

    @facebook-100005424695118:disqus Markets are at a crucial juncture. Overall Nifty looks weak for now but a bounce can be expected if 5636 levels are held. However break of 5636 levels can send Nifty down to 5240-5310 levels in near term.

    ReplyDelete
  104. Auto ChannelsMarch 22, 2013 at 6:35 PM

    @cd2ba0831e2cbdd07f3576ce91e7b4ea:disqus I would love to give such calls. But for such calls markets need to give major directional moves. Since Oct 2012, Nifty has been trading in a small range the whole month. This month however the markets gave high volatile moves and I had given a call to buy 6000CE near 5703 on the day of Feb expiry for a target of 5977. But unfortunately, Nifty gave a closing below 5700 on 2 days negating my positive outlook on Nifty to range bound. As such, I withdrew my call and asked to exit. Although Nifty did make a high of 5971 :( As of now, we cannot expect any major directional move till we break above 6003. However, I expect the volatility to be high and as such we may make trades almost every day on Nifty. :)

    ReplyDelete
  105. Ravichandran RanganathanMarch 22, 2013 at 6:43 PM

    HI ....HAVE A NICE WEEKEND....TAKECARE..........:)

    ReplyDelete
  106. Mahender ReddyMarch 22, 2013 at 6:50 PM

    Thanks and wish you the same.

    ReplyDelete
  107. Auto ChannelsMarch 22, 2013 at 7:32 PM

    @google-82987175e13625b2f22911a793ae640f:disqus Thanks and wish you the same.

    ReplyDelete
  108. Mahender ReddyMarch 22, 2013 at 7:49 PM

    Have a nice evening and Weekend ahead Sunil
    Have lot of fun!

    ReplyDelete
  109. Auto ChannelsMarch 22, 2013 at 8:00 PM

    @google-33f9459876e83384e3f9cce0819f1bb6:disqus Thanks Mahy and wish you the same

    ReplyDelete
  110. Jiten SriMarch 22, 2013 at 8:13 PM

    Thanks for clearing my doubt.
    Have a great weekend. Enjoy

    ReplyDelete
  111. Auto ChannelsMarch 22, 2013 at 9:17 PM

    @facebook-100005424695118:disqus Most Welcome. Have a great weekend you too.

    ReplyDelete
  112. Auto ChannelsMarch 22, 2013 at 9:32 PM

    @facebook-100005424695118:disqus Most Welcome and Have a great weekend you too.

    ReplyDelete
  113. Jiten SriMarch 23, 2013 at 9:32 PM

    Hi Sunil sir
    one doubt is nifty weekly charts are still bullish,daily charts are bearish.correct me if wrong.which one is good to follow.weekly or monthly.
    thanks.

    ReplyDelete
  114. Auto ChannelsMarch 23, 2013 at 9:47 PM

    @facebook-100005424695118:disqus Yes, Weekly/monthly charts are still bullish but daily charts are bearish. Generally if trend of lower timeframe is reverse of the higher one, we may see range bound sessions till both trends match. You should follow the charts as per your time frame. If you plan to hold a trade for 5-10 days, go with daily charts. For 5-10 weeks, go with weekly and so on.

    ReplyDelete
  115. Jiten SriApril 13, 2013 at 3:22 PM

    suppper sunil sir.great explanation.
    for futures position traders weekly are good,for options daily charts are better i think.Thanks for replying.bye. meet you on monday.

    ReplyDelete

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