Positional Trade on Nifty on 12/04/2013

Apr 12, 2013 3:10 PM
18 Comments
12/04/2013 15:15 Buy 5700CE near 14, Target: 5675-85, SL: 5470 / 5492 (Closing basis)

As per hourly charts, breakout was given yesterday and buy signal was initiated near 5557-70. As today Nifty opened gap-down and close to our SL, our risk / reward for this trade is excellent. Nifty has managed to sustain the SL level and also likely to form a positive doji.

Estimated Value of 5700CE near Target in coming week: 42-45.

Update: 16/04/2013 09:45AM Book part profits in 5700CE near 30 and hold rest for target at zero risk

Update: 16/04/2013 02:05PM Book Full profits in 5700CE near 42-45. Cheers!!!

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  1. Auto ChannelsApril 12, 2013 at 3:33 PM

    Closing of Nifty forms a positive doji as expected.

    ReplyDelete
  2. ShashiApril 12, 2013 at 3:39 PM

    Managed to buy only 2 lots at 14, could not add more when it came to 12.5 coz my terminal hanged.. Still hope for the best as per your levels

    ReplyDelete
  3. epicresearchApril 12, 2013 at 3:57 PM

    This is the first
    time I've read such a good article, really very good,I hope there still can
    continue to read such a good article.

    EQUITY TIPS

    ReplyDelete
  4. Syam SundarApril 12, 2013 at 4:06 PM

    Hi Sunil,


    Do you see this to happen as Global Markets are bleeding?

    ReplyDelete
  5. Auto ChannelsApril 12, 2013 at 4:07 PM

    @Shashi_Shetty:disqus No issues. Better to trade in lower qty for larger targets than trade in high qty for smaller targets. Generates better ROI

    ReplyDelete
  6. ShashiApril 12, 2013 at 4:19 PM

    You are true sir, Will keep that in mind, Thank you.

    ReplyDelete
  7. Auto ChannelsApril 12, 2013 at 4:26 PM

    @bb35ef24c1aaec5816a67c893a993180:disqus Technically this trade looks excellent very low risk / rewards. Doji patterns have been formed both on daily and weekly charts. Moreover our markets have not been reacting to global cues these days.

    ReplyDelete
  8. AabhaApril 12, 2013 at 6:10 PM

    Good evening sir...looks like i missed entering at these levels today...any chance o entering on monday or do u expect a gap up?

    ReplyDelete
  9. Auto ChannelsApril 12, 2013 at 7:20 PM

    @c8acfd0e5498086b809ba56a0f2a010a:disqus Good Evening. May enter on dips on Monday. Not sure of a gap-up as yet. Let's see how US markets close tonight.

    ReplyDelete
  10. Jiten SriApril 13, 2013 at 5:52 PM

    Thanks for the call and guidance.

    ReplyDelete
  11. Auto ChannelsApril 13, 2013 at 8:43 PM

    @facebook-100005424695118:disqus Most Welcome

    ReplyDelete
  12. vikasApril 14, 2013 at 8:34 AM

    Hi Sunil,

    Any chances of Infy for a small bounce on monday or tuesday.?As per your call the nifty is likely to touch 5675 in a week, is there any chance to add 100 points to infy from current levels

    ReplyDelete
  13. Auto ChannelsApril 14, 2013 at 12:30 PM

    @bc3cc2e4892c5bc14a9bafc38c17b3bb:disqus Infy closed near very strong support levels. If it holds onto the support of 2245-68, it may likely see a reactive pull to 2560 levels in short term.

    ReplyDelete
  14. subinApril 15, 2013 at 9:50 AM

    HI SR..I CANT TO OPEN COMMENTS SECTION..PLS HELP ME

    ReplyDelete
  15. Auto ChannelsApril 16, 2013 at 9:47 AM

    Book part profits in 5700CE near 30 and hold rest for target at zero risk

    ReplyDelete
  16. Auto ChannelsApril 16, 2013 at 2:06 PM

    Book Full profits in 5700CE near 42-45. 200% + profit Cheers!!!

    ReplyDelete
  17. AabhaApril 16, 2013 at 3:38 PM

    You rock sir! Missed the awsome trade. Do let me knw whn to buy again for positional gains.

    ReplyDelete
  18. Auto ChannelsApril 16, 2013 at 3:41 PM

    Thanks. Will post trade as soon as I spot a good one with low risk and high reward.

    ReplyDelete

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